GMU - Alt. Financing for Krasnow Institute (language only)

Item C-18 #1s

Language
Page 395, line 34, insert:
"A.  The General Assembly authorizes George Mason University, with approval of the Governor, to explore and evaluate an alternative financing scenario to provide an addition to the existing Krasnow Institute. This project must be consistent with the Virginia Uniform Statewide Building Code 7 of October 1, 2003, and comply with the Treasury Board Guidelines issued pursuant to 23-19(d)(4), Code of Virginia, and subsequent amendments thereto.
B.  The General Assembly authorizes George Mason University to enter into a written agreement with a public or private entity to design, construct and finance an addition to the Krasnow Institute. The addition may be located on property owned by the Commonwealth.  All project proposals and approvals shall be in accordance with the guidelines cited in paragraph A of this item.
C.  In the event that the Krasnow Institute project is financed through alternative financing and constructed on land owned by or leased to a private University-related foundation, or owned by or leased to a private entity, such project shall continue to be exempt from all requirements of any county or city zoning ordinances; however, such project must still comply with state building permit requirements, environmental reviews and permits, and the provisions of the Virginia uniform Building Code."

Explanation
(This amendment authorizes George Mason University to pursue a public-private partnership and alternative financing options to construct a conference center for the Krasnow Institute. The amendment also stipulates that if the facility is owned or leased by a private entity that it would receive the same exemptions from local zoning ordinances received by facilities owned by the University.)