1997 Session

Budget Amendments - SB700 (Conference Report)

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W&M Hall Renovations

Item C-7 #1c

Item C-7 #1c

First Year - FY1997 Second Year - FY1998
Central Appropriations
Debt Bonds 9(D) FY1997 $2,200,000 FY1998 $0 NGF

Page 385, line 41, strike "$192,379,837" and insert "$194,579,837".
Page 387, after line 1, insert:
"CWM:  William and Mary Hall Renovation    xxxxx    $2,200,000   $0    $2,200,000".
Page 387, after line 37, insert:
"C. Funding for the project, William and Mary Hall Renovation, is included in this item, provided that no increase in student fees is required to produce such revenues.  Prior to initiation of the project, the College of William and Mary shall certify to the Director, Department of Planning and Budget, that there is no such impact on student fees."

(This amendment authorizes the College of William and Mary to pledge institutional revenues from auxiliary enterprises for repayment of bonds issued pursuant to Article X, §9 (d) of the Constitution, to renovate William and Mary Hall.)