1997 Session

Budget Amendments - SB700 (Conference Report)

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W&M Swem Library

Item C-32.40 #1c

Item C-32.40 #1c

First Year - FY1997 Second Year - FY1998
Education: Higher Education
The College of William and Mary in Virginia FY1997 $0 FY1998 $500,000 GF
FY1997 $0 FY1998 $6,000,000 NGF

Page 398, line 3, strike "Plan".
Page 398, after line 5, insert:
"The appropriation provided in this item is part of an estimated $30,500,000 project, $24,500,000 from the general fund and $6,000,000 from nongeneral funds, more or less.  The College of William and Mary is hereby directed to continue planning efforts for the Renovation of Swem Library capital project, for the purpose of beneficial occupancy of the subject facilities at the earliest convenient time, subject to additional appropriations for such purposes.
The College of William and Mary is authorized to make all preparations, including development of construction documents and solicitation of bids, in order to execute construction contract(s) for this project as soon as practical after adjournment sine die of the 1998 Session of the General Assembly, provided authorization has been granted by the General Assembly which, when combined with this appropriation, previous appropriations, and such other funds as may be made available, completes the financing for the balance of this project.  To the extent that this project can be implemented in stages, or construction phased, then, within the limit of available funds, the College is authorized and encouraged to commence those activities.  It is the intent of the General Assembly that the Governor's budget proposals to the 1998 Legislative Session shall include recommendations for financing the balance of the funds required to complete this project."

(This amendment provides an additional $0.5 million from the general fund and $6.0 million from nongeneral funds for renovations and additions to the Swem Library at the College of William and Mary, bringing the total appropriations to $7.8 million. Language further authorizes the College to proceed toward construction contract, provided it does not spend more during this biennium than is actually appropriated for such purpose. The language further requests the Governor to present a plan for financing the balance of the project in his 1998 recommendations to the General Assembly.)