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1998 Session

Budget Amendments - SB30 (Committee Approved)

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LC Residence Hall Improvements

Item C-8 #2s

Item C-8 #2s

First Year - FY1999 Second Year - FY2000
Central Appropriations
Self-Supporting General Obligation Bonds 9(C) FY1999 $2,800,000 FY2000 $0 NGF

Language
Page 351, line 22, strike "$39,639,000" and insert "$42,439,000".
Page 352, after line 3, insert:
   "LC
     Residence Hall Improvements      xxxxx          2,800,000     2,800,000".


Explanation
(This amendment provides $2,800,000 of 9(c) revenue bond authority for heating, cooling, and electrical repairs and upgrades across Longwood College's 13 residence halls. The debt service associated with the project would increase student fees by 2.8 percent over the next three years.)