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2003 Session

Budget Amendments - HB1400 (Conference Report)

VMI - Renovate and Enlarge Patchin Field House

Item C-71.10 #1c

Item C-71.10 #1c

First Year - FY2003 Second Year - FY2004
Education: Higher Education
Virginia Military Institute FY2003 $887,000 FY2004 $0 NGF

Language
Page 528, after line 11, insert:
A.  The Virginia Military Institute may accept the renovation and expansion of student locker rooms at Patchin Field House as a gift from the VMI Keydet Club, Inc.  The private donor's contractors are hereby authorized to enter upon the land of the Institute to construct the said improvements, subject to such limitations as the Institute may require, and State approval of plans and specifications.  Provided, further, that the private donor require its contractors to maintain the insurance, and provide the bonds, that would be required by a similar State contract.  The donor and the Institute shall be named obligees under the said bonds, the premium for which may be paid by the Institute.
B.  In the event that the Keydet Club does not pursue development of the project, the Virginia Military Institute is authorized to develop, which may be funded through a combination of private gifts and auxiliary enterprise revenues as appropriated herein."

                             
"C-71.10 Renovate and Enlarge Patchin Field House
$887,000
 
 
Fund Sources: Higher Education Operating
$887,000"
 
 



Explanation
(This amendment provides VMI with the authority to accept a gift from the VMI Keydet Club, Inc., in the form of renovation and expansion of student locker room facilities at Patchin Field House or with nongeneral fund authority to renovate and construct the facilities outright.)