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2008 Session

Budget Bill - HB29 (Chapter 847)

Item 3-3.01

Item 3-3.01

§ 3-3.00 GENERAL FUND DEPOSITS


§ 3-3.01 PAYMENT BY THE VIRGINIA PUBLIC SCHOOL AUTHORITY


The Virginia Public School Authority shall transfer to the general fund an amount estimated at $170,221 on or before June 30, 2007 and an amount estimated at $170,221 on or before June 30, 2008, to reimburse the Commonwealth for staff and other administrative services provided to the Authority by the Department of the Treasury.  The Virginia Public School Authority shall also transfer to the Literary Fund an amount estimated at $10,070,375 on or before June 30, 2008 from the release of the Virginia Public School Authority's 1991 Resolution Debt Service Reserve Income Account.