2005 Session

Budget Amendments - HB1500 (Committee Approved)

VCU Ad Center Lang

Item C-77.20 #1h

Item C-77.20 #1h

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Commonwealth University FY2005 $7,000,000 FY2006 $0 NGF

Page 509, after line 15, insert:
"As an alternative to debt financing, Virginia Commonwealth University, with approval of the Governor as provided by law, is hereby authorized to enter into a capital lease with the Virginia Commonwealth University Real Estate Foundation for development of the Central Belting Building, located on the University's Monroe Park Campus Addition, as the University's Ad Center.  Under terms of the capital lease, the University may provide up to $3,000,000 to defray the cost of the renovation."

"C-77.20 University Ad Center
Fund Sources: Bond Proceeds

(This amendment is self-explanatory.)