2020 Special Session I

Budget Amendments - HB5005 (Member Request)

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Chief Patron: Carr
Use of Fund Balances (language only)

Item 3-4.01 #1h

Item 3-4.01 #1h

Auxiliary Enterprises and Sponsored Programs in Institutions of Higher Education
Auxiliary Enterprise Investment Yields


Page 234, after line 33, insert:

"4. Furthermore, available fund balances from other fund sources, to include educational and general, can be utilized to meet unavoidable auxiliary enterprise expenditures that exceed auxiliary fund capacity due to incurred revenue losses and/or additional expense related the COVID-19 pandemic."


(This amendment provides additional flexibility for the use of fund balances to address expenses related to the COVID-19 pandemic.)