Update Posted June 16, 2010
2010 Legislative Session Wrap-Up
On June 8, Gov. Sonny Perdue finished signing into law hundreds of bills passed during the 2010 legislative session of the Georgia General Assembly. The last piece of legislation he put his signature to was House Bill 948, the state’s Fiscal Year 2011 budget, totaling $17.9 billion.
The Governor noted that the final budget was reduced by more than $300 million since he made his recommendations to the legislature in January and is $3.5 billion less than the original FY 2008 budget recommendation.
The Governor’s signature makes official the inclusion in the FY 2011 budget of $113 million in formula funding for the University System of Georgia (USG), $900,000 to enable the Board of Regents to continue efforts to expand physician education in Georgia and $60 million in Major Repair and Renovation (MRR) funding with which to maintain USG facilities.
Two bond projects from the University System’s FY 2011 capital budget were vetoed – $6.4 million in 20-year bonds to finance infrastructure expansion at Kennesaw State University (KSU) and $140,000 in 20-year bonds to fund the purchase of land for the completion of the Greene County Library in Greensboro.
With these two vetoes, the USG is receiving $177 million in capital projects for FY 2011.
In May, Perdue signed House Bill 947, the Amended FY 2010 budget. The Amended 2010 budget totals $17.1 billion, a $1.5 billion reduction from the original FY 2010 budget.
Posted by Jason Steele
Published in: Legislation