2002 Session

Budget Amendments - HB30 (Committee Approved)

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VSU Housing

Item C-82 #1h

Item C-82 #1h

First Year - FY2003 Second Year - FY2004
Education: Higher Education
Virginia State University FY2003 $500,000 FY2004 $0 NGF

Page 395, line 16, before "To", insert "A."
Page 395, after line 38, insert:
"B. From such auxiliary enterprise funds as it may have at its disposal, or may receive for this purpose by way of gift, the University is further authorized to purchase that certain tract of land consisting of approximately 15 acres located in the northeast quadrant of the intersection of Hickory and Woodpecker Roads in Matoaca Magisterial District of Chesterfield County, Virginia, and thereupon enter into a ground lease of the said tract with its related foundation for a term not in excess of 50 years as the site of the aforesaid off-campus student apartments.  Use of said tract for the purpose herein stated shall be deemed to be a purpose consistent with the general mission and auxiliary enterprises of the University within the meaning of § 2.2-1155 B, Code of Virginia."

(This amendment is self-explanatory.)