1997 Session

Budget Amendments - SB700 (Conference Report)

GMU Sup. PW Inst, Ph. I (VPBA)

Item C-32.17 #2c

Item C-32.17 #2c

First Year - FY1997 Second Year - FY1998
Education: Higher Education
George Mason University FY1997 $0 FY1998 $250,000 GF
FY1997 $0 FY1998 $750,000 NGF

Page 397, after line 30, insert:
"C-32.17.New Construction:  Supplement to Prince William Institute, Phase I (14627)       $0         $1,000,000
Fund Sources:  General                                   $0         $   250,000
Special                                    $0         $   500,000
Higher Education Operating      $0         $   250,000
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-36.22 (Norfolk State University), and C-36.45 (Longwood College)."

(This amendment provides funds to supplement the Prince William Institute, Phase I, project at George Mason University, to add an auditorium which had been eliminated from the project due to cost. The project was originally authorized in the 1992 General Obligation Bond Bill, with funding of $13.0 million.)