1997 Session

Budget Amendments - SB700 (Conference Report)

NSU Land Acquisition (VPBA)

Item C-36.22 #1c

Item C-36.22 #1c

First Year - FY1997 Second Year - FY1998
Education: Higher Education
Norfolk State University FY1997 $0 FY1998 $830,000 NGF

Page 400, after line 4, insert:
"C-36.22. Acquisition:  Acquire 25 Acres, South Brambleton Area (15xxx)                  $0              $830,000
Fund Sources: General                       $0              $415,000
Special                      $0               $415,000
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-32.17 (George Mason University), and C-36.45 (Longwood College)."

(This amendment provides funds for Norfolk State University to acquire from the City of Norfolk 25 acres located in the South Brambleton section. The acreage, which is adjacent to the campus, will be part of the University's land use plan.)