Language 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 $7,000,000 Fund Sources: Bond Proceeds $7,000,000"
Explanation(This amendment authorizes Virginia Commonwealth University to issue $7.0 million of 9(d) bonds, or a capital lease, for acquisition and renovation of the Central Belting Building, located on the University's Monroe Park Campus Addition, for use as the University's Ad Center.)