Appropriation Amendment: \\legs-webdev1\itdreview\session\2004\Senate\appbills\html\SB2500am995084.html
995084
GENERAL APPROPRIATIONS BILL Committee Amendment
SB2500 EDU 17
Senator(s): Miller
Tuition / IRS bonus depreciation
Section: 02 EXPLANATION:
On Page: 000 Deletes the budgeted tuition increase of 7.5% for
universities and 5.0% for community colleges and
Spec App: 156A replaces the revenue for the systems with General
Revenue which will become available if the 2003 changes
to the Internal Revenue Code related to bonus
depreciation are not adopted for purposes of the
Florida Corporate Income Tax this session.
NET IMPACT ON: Total Funds General Revenue Trust Funds
Recurring - 40,990,317 40,990,317 0
Non-Recurring - 0 0 0
_________________________________________________________________________________
Positions & Amount Positions & Amount
DELETE INSERT
EDUCATION, DEPARTMENT OF
Universities, Division Of
Program: Educational And General
Activities 48900100
In Section 02 On Page 000
156A Aid To Local Governments 05xxxx
State University System Administered
Funds IOEB
1000 From General Revenue Fund 20,250,000
CA 20,250,000 FSI1 20,250,000
Following Specific Appropriation 156A, INSERT:
Funds provided in Specific Appropriation 156A allow the 2004-2005
resident undergraduate tuition rates for the Fall and Spring Terms
published in proviso language following Specific Appropriation 156 to
be reduced by 7.5% and shall be allocated to state universities in
proportion to each university's share of the total resident
undergraduate tuition projected to be collected during the Fiscal Year.
These funds are contingent upon the Legislature not adopting the 2003
Internal Revenue Code changes relating to bonus depreciation into the
995084 Log:0034 PGB/PGB 03/31/04 02:16:06 PM Senate Page: 1
Florida Corporate Income Tax Code.
Community Colleges, Division Of
Program: Community College Programs 48400600
128A Aid To Local Governments 05XXXX
Community College Administered Funds IOEB
1000 From General Revenue Fund 20,740,317
CA 20,740,317 FSI1 20,740,317
Immediately following Specific Appropriation 128A, INSERT:
Funds provided in Specific Appropriation 128A allow the 2004-2005
resident undergraduate tuition rates for the Fall and Spring Terms
published in proviso language following Specific Appropriation 128 to
be reduced by 5% and shall be allocated to community colleges in
proportion to each college's share of the total resident tuition
projected to be collected during the Fiscal Year. These funds are
contingent upon the Legislature not adopting the 2003 Internal Revenue
Code changes relating to bonus depreciation into the Florida Corporate
Income Tax Code.
| Line item amendments are accepted as part of the amendatory process. However, due to the necessity of using computerized systems this may entail a different placement
within a budget entity or the renumbering of the specific appropriation items. |
995084 Log:0034 PGB/PGB 03/31/04 02:16:06 PM Senate Page: 2
