Language 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 $500,000 $500,000 Fund Sources: Higher Education Operating $500,000 $500,000 "
Explanation(This amendment provides $500,000 from nongeneral funds 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.)