1997 Session

Budget Amendments - SB700 (Conference Report)

VPI Comm. Bldg. Supp. (VPBA)

Item C-26.20 #1c

Item C-26.20 #1c

First Year - FY1997 Second Year - FY1998
Education: Higher Education
Virginia Polytechnic Institute and State University FY1997 $0 FY1998 $2,500,000 NGF

Page 395, after line 25, insert:
"C-26.20. New Construction: Supplement to Advanced Communications and Information Technology Center (15747)  $0      $2,500,000
Fund Sources:  Special     $0      $2,500,000
A.  The funds in this item shall supplement those funds provided in Item C-7.10. of this Act for this project.
B.  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-32.17 (George Mason University), C-36.22 (Norfolk State University), and C-36.45 (Longwood College)."

(This amendment provides $2,500,000 from special funds for the Advanced Communications Center to supplant federal funds that are no longer available for the project. The project was funded in Chapter 912, 1996 Appropriation Act, Item C-7.10.)