1997 Session

Budget Amendments - SB700 (Conference Report)

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NSU Sprinkler Treas. Loan (language only)

Item C-36.21 #1c

Item C-36.21 #1c

Education: Higher Education
Norfolk State University

Page 399, strike line 39.
Page 400, strike lines 1 through 4.
Page 399, line 39, insert:
"Notwithstanding any other provisions of this act, the Director of the Department of Planning and Budget may provide an interest-free treasury loan for this project in anticipation of the receipt of nongeneral funds appropriated to this item.  The terms of the loan, including repayment schedule, shall be negotiated so as to minimize the impact on student fees."

(This amendment gives authority for a treasury loan to be used by Norfolk State University to provide sprinkler systems in its high-rise dormitories.)