2002 Session

Budget Amendments - HB30 (Committee Approved)

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VCU Housing II (language only)

Item C-154 #1h

Item C-154 #1h

Central Appropriations
Nongeneral Obligation Bonds 9(D)

Page 410, line 32, after ".", strike rest of line.
Page 410, strike line 33 and insert:
"Permanent financing shall be provided by bonds issued for VCUREF by Virginia Commonwealth University or other appropriate issuer.  The VCUREF shall assume responsibility for all construction costs and debt issuance expenses in excess of bond proceeds and shall reimburse the University for debt service on any bonds of the University issued to finance the facilities."
Page 410, line 54, strike "agrees" and insert "shall agree".
Page 410, line 56, strike "the debt has been satisfied" and insert:
"all debt for student housing owned or operated by VCUREF has been paid".

(This amendment self-explanatory.)