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2008 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Governor Kaine
Clarifies 4-4.01 regarding approval of capital projects (language only)

Item 4-4.01 #1g

Item 4-4.01 #1g

Capital Projects
General

Language
Page 511, after line 5, insert:
"3.  The provisions of this paragraph requiring approval of capital projects by the General Assembly shall not apply to public institutions of higher education governed by Chapters 933 and 943 of the 2006 Acts of Assembly."
Page 513, line 46, after "q." insert:
"Except for institutions of higher education governed by Chapters 933 and 943 of the 2006 Acts of Assembly,".
Page 513, line 46, strike "Local" and insert "local".


Explanation
(This amendment clarifies that institutions of higher education governed by an approved management agreement do not require approval of nongeneral fund capital projects and are not required to deposit local or private funds into the state treasury prior to the expenditure of those funds.)