1998 Session

Budget Amendments - SB30 (Committee Approved)

MWC Property Sale (language only)

Item C-75.01 #4s

Item C-75.01 #4s

Education: Higher Education
Mary Washington College

Page 362, after line 16, insert:
"C-75.01  The Board of Visitors of Mary Washington College is authorized to sell and convey certain parcels of real property or portions thereof, described generally as 72 acres, more or less, lying on the east and west sides of the U. S. Route 1 Bypass in the City of Fredericksburg, including any improvements thereon.  The proceeds of the sale of such property, estimated at $1.5 million, shall be placed in the state treasury to the credit of Mary Washington College, the provision of § 2.1-512, Code of Virginia, and § 2-0 of this act notwithstanding.  The State Comptroller shall establish a non-reverting special account to which these funds shall be deposited, for use, upon appropriation, for capital project improvements at Mary Washington College."

(This amendment is self-explanatory.)