2006 Session

Budget Amendments - SB30 (Committee Approved)

VSU - Energy Efficiency Project

Item C-232.10 #2s

Item C-232.10 #2s

First Year - FY2007 Second Year - FY2008
Education: Higher Education
Virginia State University FY2007 $500,000 FY2008 $500,000 NGF

Page 456, after line 14, insert:
"This Item authorizes the University to enter into an energy performance contract with an approved energy services company in order to reduce energy operating costs in one or more facilities.  Prior to entering into such contract, the University shall submit a financial feasibility study to the Treasury Board for its review and approval."

"C-232.10 Energy Efficiency Project
Fund Sources: Higher Education Operating

(This amendment provides $500,000 NGF each year for the University to participate in the Commonwealth's Virginia Energy Loan Program (VELP), which provides consistent and competitive credit terms for agencies and institutions wishing to enter into a performance contract to reduce energy-related operating costs.)