C-144#1h (VCU/AD) VCU MSB II. HB1650 - Committee Approved

State Budget

2007 Session

Budget Amendments - HB1650 (Committee Approved)

Bill Order » Item C-144 #1h

View Budget Item
View Budget Item amendments

VCU MSB II

Item C-144 #1h

Item C-144 #1h	First Year - FY2007	Second Year - FY2008
Education: Higher Education
Virginia Commonwealth University	FY2007 ($12,000,000)	FY2008 $0	GF

Language
Page 563, line 9, strike "$33,700,000" and insert "$21,700,000".

Explanation
(This amendment removes funding for cost overruns associated with the construction of the Medical Sciences Building II at Virginia Commonwealth University. This projected is funded in House Bill 1712.)

Item C-144

Item C-144	First Year - FY2007	Second Year - FY2008
New Construction: Construct Medical Sciences Building, Phase II (16721)	~~$21,700,000~~ $33,700,000	$0 $3,700,000
Fund Sources:
General	FY2007 ~~$8,000,000~~ $20,000,000	FY2008 $0 $3,700,000
Higher Education Operating	FY2007 $8,341,000	FY2008 $0
Bond Proceeds	FY2007 $5,359,000	FY2008 $0

A. This Item contains supplemental funding to construct the Medical Sciences Building, Phase II originally authorized in 2002 (Chapters 827 and 859, 2002 Acts of Assembly). Additional funds are also provided in this Item for equipment. The total cost of the project with the supplement and equipment funding is ~~$52,000,000.~~ $67,700,000.

B. Space in the Medical Sciences Building II shall be dedicated to multidisciplinary research programs, institutes and state-of-the art classrooms.