2005 Session

Budget Amendments - HB1500 (Committee Approved)

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JMU Prop Acq

Item C-34.29 #1h

Item C-34.29 #1h

First Year - FY2005 Second Year - FY2006
Education: Higher Education
James Madison University FY2005 $8,000,000 FY2006 $0 GF

Page 498, after line 25, insert:
"4. For this acquisition and related lease agreements, James Madison University is delegated all post-appropriation review, approval, administrative, policy and procedural functions previously performed by the Department of Planning and Budget and the Department of General Services.  This authority is granted with the express requirement that the acquisition and related lease agreements are conducted using the policies, procedures, and guidelines contained and referenced within the Memorandum of Understanding on the Delegation of Capital Outlay Responsibilities between James Madison University and the Secretaries of Administration and Finance and the Memorandum of Understanding on the Delegation of Certain Real Estate Approvals between James Madison University and the Secretary of Administration."

(This amendment provides general funds the first year to support acquisition of Rockingham Memorial Hospital's current physical location. This represents the first installment of the purchase which has a total cost of $50.6, million of which $10 million will be paid from nongeneral fund sources.)