Title
AN ACT CONCERNING SUPPLEMENTARY APPROPRIATIONS IN THE APPROVED FISCAL YEAR 2016 CAPITAL BUDGET for the purpose of providing supplementary appropriations to the Systemic Replacements 2, Forward Funded Projects, Major Renovations Projects, and Major Repairs Projects; decreasing appropriations to the Contingency Appropriation Fund, Forward Funded Projects and Tulip Grove Elementary School Replacement; and amending the Approved Fiscal Year 2016-2021 Capital Improvement Program with regard to expenditures and financing beyond the budget year.
Background
This legislation will provide supplementary appropriations to Systemic Replacements 2 in the amount of $5,000,000, Forward Funded Projects in the amount of $8,486,401, Major Renovations in the amount of $6,960,401, and Major Repairs in the amount of $1,526,000 in the Approved Fiscal Year 2016 Capital Budget. These appropriations are necessary to cover budget shortfalls to several capital subprojects. This legislation also decreases the appropriations to the Contingency Appropriation Fund in the amount of ($8,486,401), Forward Funded Projects in the amount of ($8,486,401) and Tulip Grove Elementary School Replacement in the amount of ($5,000,000).