C-46#1c (GMU) Academic VI. HB1650 - Conference Report

State Budget

2007 Session

Budget Amendments - HB1650 (Conference Report)

Bill Order » Item C-46 #1c

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Academic VI

Item C-46 #1c

Item C-46 #1c	First Year - FY2007	Second Year - FY2008
Education: Higher Education
George Mason University	FY2007 ($6,500,000)	FY2008 $0	GF

Language
Page 539, line 3, strike "$66,863,000" and insert "$60,363,000".

Explanation
(This amendment transfers general funds for the cost overrun for this project to a central pool in order to provide oversight and review by the Department of General Services and generate efficiencies. A companion amendment is found under Item C-325.10.)

Item C-46

Item C-46	First Year - FY2007	Second Year - FY2008
New Construction: Construct Academic VI and Research II Facility (17365)	~~$50,363,000~~ $66,863,000	$0
Fund Sources:
General	FY2007 ~~$25,045,000~~ $31,545,000	FY2008 $0
Higher Education Operating	FY2007 $10,000,000	FY2008 $0
Bond Proceeds	FY2007 ~~$15,318,000~~ $25,318,000	FY2008 $0

This Item contains supplemental funding for construction of an academic and research facility originally authorized in 2006 (Chapter 3, 2006 Acts of Assembly, Special Session I). A separate administrative action will reduce $10,000,000 in higher education operating funds. The total cost of the project with the supplement is $56,863,000.