Authority: Title 23, Chapter 15, Code of Virginia.
A. Out of this appropriation, $168,855 and 6.0 positions the first year and $168,855 and 6.0 positions the second year from the general fund is designated for the Halifax/South Boston Continuing Education Center.
B. Out of this appropriation shall be expended an amount estimated at $29,050 from the general fund and $12,450 from nongeneral funds the first year, and $29,050 from the general fund and $12,450 from nongeneral funds the second year for the educational telecommunications project to provide graduate engineering education, subject to a plan approved by the State Council of Higher Education for Virginia.
C. Out of this appropriation, $85,815 the first year and $85,815 the second year from the general fund shall be allocated for the Small Business Development Center.
D. Out of this appropriation, $76,427 $123,746 from the general fund and $49,981 in nongeneral funds the first year and $58,122 $78,195 from the general fund and $49,981 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.
E. This appropriation authorizes Longwood College to charge students a technology service fee in conformity with § 4-2.01 c of this act. This appropriation includes $146,523 the first year and $148,245 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 fee charged resident undergraduate students each year shall not exceed one percent of the total of tuition and required fees charged in fiscal year 1998, and the amounts appropriated in this Item reflect that policy. 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 students.
F. Out of this appropriation, $76,671 the first year and $188,802 the second year from the general fund for 1) the first two of five annual payments for the lease purchase of $500,000 of instructional technology equipment in the first year and 2) the first of five annual payments for the purchase of an additional $500,000 of instructional technology equipment in the second year. Payments for years three through five are estimated at $224,263. The final payment for the first $500,000 of equipment should be is estimated at $149,508; the final payment for the second $500,000 of equipment is estimated at $37,377.