1999 Session

Budget Amendments - SB800 (Conference Report)

VCCS lease Language (language only)

Item C-26.75 #1c

Item C-26.75 #1c

Education: Higher Education
Virginia Community College System

Page 477, after line 37, insert:
"C-26.75  The lease of facilities by the Virginia Community College System pursuant to Item 161 of this act is herewith authorized, including the incorporation of terms into such leases that permit a pledge of revenues and an obligation to complete the construction of the subject facilities."

(This amendment clarifies the terms of certain capital lease agreements which are to be executed involving construction of academic or workforce development facilities at Tidewater Community College in Norfolk, Thomas Nelson Community College, Virginia Western Community College, and Blue Ridge Community College.)