154#1c (CNU) CNU - Restore VECTEC Funding. HB1600

State Budget

2009 Session

Budget Amendments - HB1600 (Conference Report)

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CNU - Restore VECTEC Funding

Item 154 #1c

Item 154 #1c	First Year - FY2009	Second Year - FY2010
Education: Higher Education
Christopher Newport University	FY2009 $0	FY2010 $125,000	GF

Language
Page 188, line 24, strike "$3,537,720" and insert "$3,662,720".

Explanation
(This amendment transfers the remaining funding related to Virginia Electronic Commerce Technology Center (VECTEC) from the Innovative Technology Authority to Christopher Newport University which houses the VECTEC. In addition, the amendment also restores the proposed reduction. A companion amendment in Item 430 transfers the funds from the Innovative Technology Authority.)

Item 154

Item 154	First Year - FY2009	Second Year - FY2010
Financial Assistance for Educational and General Services (11000)	$3,537,720	$3,537,720
Sponsored Programs (11004)	FY2009 $3,537,720	FY2010 $3,537,720
Fund Sources:
General	FY2009 $237,500	FY2010 $237,500
Higher Education Operating	FY2009 $3,300,220	FY2010 $3,300,220

Authority: Title 23, Chapter 5.3, Code of Virginia.

The Higher Education Operating fund source listed in this Item is considered to be a sum sufficient appropriation, which is an estimate of funding required by the University to cover sponsored program operations.

State Budget

2009 Session

Budget Amendments - HB1600 (Conference Report)

CNU - Restore VECTEC Funding

Item 154 #1c

Item 154 #1c

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Item 154