Authority: §§ 23-91.20 through 23-91.23, Code of Virginia.

A. Out of this appropriation, $56,193 $92,266 from the general fund and $16,258 in nongeneral funds the first year and $49,393 $57,357 from the general fund and $16,258 in nongeneral funds the second year is estimated for lease payments to support the cost of equipment purchased with the proceeds of bonds issued by the Virginia College Building Authority. The Director of the Department of Planning and Budget shall transfer to the Virginia College Building Authority on July 1, 1998, the amounts in the first year, and on July 1, 1999, the amounts in the second year to support the authority's debt obligation.

B. This appropriation authorizes Clinch Valley College to charge students a technology service fee in conformity with § 4-2.01 c of this act. This appropriation includes $96,556 the first year and $99,369 the second year from nongeneral funds, the unexpended balance of which shall not revert to the general fund in any fiscal year but shall be carried forward on the books of the Department of Accounts and allotted for expenditure each July 1. The Department of Planning and Budget shall allot technology fee revenues in excess of the amounts appropriated in this item provided that the revenues are not generated by resident undergraduate students and provided that such revenues reflect a fee that does not exceed three percent of the total of tuition and required fees charged in fiscal year 1998 to nonresident undergraduate students and three percent of the total of tuition and required fees charged in fiscal year 1998 to graduate and professional students.