C-144#2c (VCU/AD) VCU: Postpone Equipment for Medical Science II. HB1650 - Conference Report

State Budget

2007 Session

Budget Amendments - HB1650 (Conference Report)

Bill Order » Item C-144 #2c

View Budget Item
View Budget Item amendments

VCU: Postpone Equipment for Medical Science II

Item C-144 #2c

Item C-144 #2c	First Year - FY2007	Second Year - FY2008
Education: Higher Education
Virginia Commonwealth University	FY2007 $0	FY2008 ($3,700,000)	GF

Language
Page 563, line 20,
strike "$67,700,000" and insert "$64,000,000".

Explanation
(This amendment postpones funding of $3.7 million from the general fund to purchase equipment for the Medical Science II Building at Virginia Commonwealth University. Equipment funding in not needed until late in 2008.)

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.