Agency: Capital Budget Line Item: Property Acquisition Function By definition, any purchase of real property where an appropriation is requested to fund the purchase is a capital development. The Legislature uses this line item to fund acquisitions of existing real property, whereas it uses the Capital Development line item to fund construction of buildings.
Funding Detail In addition to property purchases, the 2008 Legislature appropriated $1,600,000 from the Education Fund as a FY 2008 supplemental to pay off the debt on the Sevier Valley Center at the Snow College Richfield Campus. This line item did not receive any funding in the last three years, though funds were appropriated to the Land Banking line item in FY 2009. | Sources of Finance | 2007
Actual | 2008
Actual | 2009
Actual | 2010
Actual | 2011
Approp | | General Fund, One-time | $3,620,000 | $1,500,000 | $0 | $0 | $0 | | Education Fund, One-time | $7,350,000 | $6,200,000 | $0 | $0 | $0 | | Capital Projects Fund | $0 | $282,000 | $0 | $0 | $0 | | Contingency Reserve Fund | $0 | $2,000,000 | $0 | $0 | $0 | | Total | $10,970,000 | $9,982,000 | $0 | $0 | $0 |
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| | Programs: | 2007
Actual | 2008
Actual | 2009
Actual | 2010
Actual | 2011
Approp | | Courts St. George Land Purchase | $3,620,000 | $0 | $0 | $0 | $0 | | MATC Northern Utah County Land Purchase | $3,250,000 | $0 | $0 | $0 | $0 | | SWATC Land Purchase | $0 | $2,282,000 | $0 | $0 | $0 | | CEU Dormitories | $3,000,000 | $0 | $0 | $0 | $0 | | USU Uintah Basin Building | $0 | $400,000 | $0 | $0 | $0 | | DSC Auxiliary Facilities | $0 | $4,200,000 | $0 | $0 | $0 | | Heber Wells Building Parking | $0 | $1,500,000 | $0 | $0 | $0 | | Snow College Sevier Valley Center | $0 | $1,600,000 | $0 | $0 | $0 | | CEU Energy Training Center | $1,100,000 | $0 | $0 | $0 | $0 | | Total | $10,970,000 | $9,982,000 | $0 | $0 | $0 |
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| | Categories of Expenditure | 2007
Actual | 2008
Actual | 2009
Actual | 2010
Actual | 2011
Approp | | Other Charges/Pass Thru | $10,970,000 | $9,982,000 | $0 | $0 | $0 | | Total | $10,970,000 | $9,982,000 | $0 | $0 | $0 |
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Subcommittee Table of Contents |