1997 Session

Budget Amendments - SB700 (Conference Report)

CNU Blanket Acq.

Item C-35.40 #1c

Item C-35.40 #1c

First Year - FY1997 Second Year - FY1998
Education: Higher Education
Christopher Newport University FY1997 $0 FY1998 $500,000 GF
FY1997 $0 FY1998 $900,000 NGF

Page 399, after line 24, insert:
"C-35.40  Acquisition:  Blanket Authorization                $0  $1,400,000
Fund Sources:  General                                 $0     $500,000
Higher Education Operating    $0     $900,000
Funds provided for in this item may be used, and combined with other funds, for the purpose of acquiring parcels which may be available, or which may become available, within the masterplan boundaries of Christopher Newport University, or, with the approval of the Governor as otherwise provided by law, to acquire a new President's House if a cost benefit to the University and the Commonwealth can be demonstrated.  In the case of the latter, the University may retain the proceeds which accrue as a result of the transfer or sale of the existing President's House."

(This amendment provides funds for Christopher Newport University to acquire additional properties.)