2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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HE - Fund Debt Service for Research & Workforce HEETF Increase

Item 276 #3s

Item 276 #3s

First Year - FY2015 Second Year - FY2016
Treasury Board FY2015 $0 FY2016 $1,444,991 GF

Page 221, line 20, strike "$784,615,160" and insert "$786,060,151".

(This amendment provides $1,444,991 GF for the debt service for a corresponding amendment under the Virginia College Building Authority that grants an additional research and workforce allocation under the Higher Education Equipment Trust Fund (HEETF) for the current recipients of the funds. The increase for research would be almost $6.8 million in each year of the biennium. The increase for workforce would be $2.0 million in each year of the biennium. It is the intent of this amendment that the other embedded language in this Item be updated during enrolling.)