Department of the Treasury (152)
| Request Title | Impose annual fee on private college users of the Virginia College Building Authority |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | Budget Review Savings |
| Region | None |
Description
|
Replaces a one time fee with an annual fee on institutions of higher education participating in the private college financing program of the Virginia College Building Authority. Such institutions are currently charged a one time fee of 10 basis points on the amount issued and would be charged a 10 basis point annual fee on the outstanding principal amount. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | ($25,000) | ($50,000) | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 732 | Revenue Administration Services | ($25,000) | ($50,000) | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | ($25,000) | ($50,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 11-01-2025 09:04:16
