1996 Session

Budget Bill - HB30 (Chapter 912)

Department of General Services

Item 66

Item 66

First Year - FY1997Second Year - FY1998
Property Disposal Services (82500)sum sufficient
Fund Sources:  

Authority: Title 2.1, Chapter 32, Article 3, Code of Virginia.

A. This is an internal service fund from which the Department of General Services may pay costs associated with the disposal of state-owned real property and interests therein. The costs paid for each sale shall be returned to the fund upon sale of the property, in an amount calculated at 115% of such costs.

B. To establish this fund, $97,000 shall be transferred from general fund appropriations in Project Code 10001. If the balance in this fund exceeds $500,000, such excess shall be transferred to the general fund of the Commonwealth.