2012 Session

Budget Amendments - HB30 (Committee Approved)

Connect and clarify funding references (language only)

Item 260 #1h

Item 260 #1h

Virginia Information Technologies Agency

Page 309, strike lines 1 through 10, and insert:  
"B.1.  As established in § 3-2.03 of this act, working capital advances totaling up to $90,000,000 will provide for the development of enterprise applications for the Commonwealth including the development of the performance budgeting and financial management systems.  These working capital advances will be repaid from anticipated revenues from enhanced collections, cost recoveries, inter-agency collaborative projects and other sources of initiatives to be collected pursuant to this item and will be deposited into the Virginia Technology Infrastructure Fund.  No funds derived from these working capital advances shall be expended without the prior budget approval of the Secretaries of Technology and Finance.  The State Comptroller shall notify the Governor and the Chairmen of the House Appropriations and Senate Finance Committees prior to any approved expenditure."

(This amendment links the working capital advance provided in this item for the development of applications to the line of credit table in Part 3.)