2000 Session

Budget Amendments - HB29 (Conference Report)

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VCU Residence Hall Language (language only)

Item C-9 #2c

Item C-9 #2c

Central Appropriations
Nongeneral Obligation Bonds 9(D)

Page 511, strike lines 30 through 32 and insert:
"comply with Treasury Board Guidelines issued pursuant to § 23-19 (d) (4), Code of Virginia, and any subsequent amendments thereto."
Page 511, after line 45, insert:
"4. The General Assembly further authorizes Virginia Commonwealth University to enter into a written agreement with its affiliated real estate foundation to construct one or more facilities on university land to provide additional student housing, to be leased to that foundation for such purposes.  Virginia Commonwealth University is also authorized to enter into a written agreement with that foundation for the support of such student housing facilities by including the student housing facilities in the university's student housing inventory and managing the operation and maintenance of the facility, by assigning students to the facility in preference to other university facilities, by restricting construction of competing student housing projects, and by otherwise supporting those student housing facilities consistent with law, provided that the university shall not be required to take any action that would constitute a breach of the university's obligations under any documents or other instruments constituting or securing bonds or other indebtedness of the university or the Commonwealth of Virginia."

(This amendment provides language to clarify the terms of a potential housing project to be developed by a foundation affiliated with Virginia Commonwealth University.)