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1997 Session

Budget Amendments - SB700 (Committee Approved)

Longwood Small Bus. Ctr. (VPBA)

Item C-36.45 #1s

Item C-36.45 #1s

First Year - FY1997 Second Year - FY1998
Education: Higher Education
Longwood College FY1997 $0 FY1998 $100,000 NGF

Language
Page 400, after line 21, insert:
"C-36.45. Improvements:  Renovation and Expansion of Small Business Development Center (15500) $0   $100,000
Fund Sources:  Special                 $0          $100,000
The source for the Special Funds appropriated by this Item shall be excess bond proceeds of the Virginia Public Building Authority.  The Governor shall authorize the initiation of this project upon certification to him by the Virginia Public Building Authority that:  an arbitrage rebate liability calculation has been completed, an affirmative opinion of bond counsel has been received, and excess bond proceeds of the Authority are available.  The first priority for expenditure of any such excess proceeds shall be the project listed in this item, and the projects listed in Items C-17.10 (Virginia Community College System), C-45.20 (Virginia State University), C-32.50 (College of William and Mary), C-17.40 (Virginia Community College System), C-17.40 (Germanna Community College), C-26.20 (Virginia Polytechnic Institute and State University), C-32.17 (George Mason University), and C-36.22 (Norfolk State University).".


Explanation
(This amendment provides funds for the renovation and expansion of the Small Business Development Center facility on the campus of Longwood College, to better meet the needs of local businesses.)