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2019 Session

Budget Amendments - HB1700 (Committee Approved)

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UVA - Eliminate Proposed Increase

Item 193 #1h

Item 193 #1h

First Year - FY2019 Second Year - FY2020
Education: Higher Education
University of Virginia FY2019 $0 FY2020 ($200,000) GF

Language
Page 219, line 21, strike "$735,647,680" and insert "$735,447,680".

Page 220, line 8, strike "$1,776,467" and insert "$1,556,467".



Explanation

(This amendment removes funding proposed in House Bill 1700 as introduced for expansion of funding for the Virginia Foundation for Humanities. The Committee budget funding levels were limited to the additional dollars available pursuant to the economic reforecast presented in December, identified programmatic savings, and revenues generated by legislation expanding the collection of sales tax attributable to internet sales. All revenues attributable to the Tax Cuts and Jobs Act (TCJA) are captured in the Taxpayer Relief Fund and the Revenue Reserve Fund in Item 475.10. This required removing approximately $1.2 billion in spending compared to House Bill 1700 as introduced.)