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2005 Session

Budget Amendments - SB700 (Conference Report)

CWM - Community Hospital

Item C-15.50 #5c

Item C-15.50 #5c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
The College of William and Mary in Virginia FY2005 $0 FY2006 $250,000 NGF

Language
Page 492, after line 1, insert"
Page 492, after line 1, insert:
"C-15.50. Acquisition: Williamsburg Community Hospital
The College of William and Mary in Virginia is hereby granted authority to purchase the former Williamsburg Community Hospital, consisting of real property and improvements described generally as 24 acres, more or less, and 217,000 square feet of facilities, more or less, that constitute the current physical location of the majority of the hospital’s operation.  It is the intent of the Governor and the General Assembly that sufficient appropriations totaling $8,700,000 from all sources will be provided to The College of William and Mary to support this purchase over a three year period beginning July 1, 2005.  To the extent necessary in connection with this purchase, The College of William and Mary in Virginia is hereby granted authority to enter into a written agreement to lease said property to Sentara Healthcare if such a lease is necessary to allow sufficient time for the completion of construction and transfer of Sentara Healthcare operations to a new hospital facility.”

                             
"C-15.50 Williamsburg Community Hospital
 
$250,000
 
Fund Sources: Higher Education Operating
 
$250,000"
 



Explanation
(This amendment provides $250,000 in nongeneral funds the second year as the College's first payment in acquiring the former Williamsburg Community Hospital.)