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2007 Session

Budget Amendments - SB750 (Committee Approved)

JMU: Property Purchase

Item C-56.10 #3s

Item C-56.10 #3s

First Year - FY2007 Second Year - FY2008
Education: Higher Education
James Madison University FY2007 $0 FY2008 $9,000,000 NGF

Language
Page 543, following line 23, insert:
The Director of the Department of Planning and Budget may approve the use of nongeneral fund balances from auxiliary services for this acquisition to reduce the amount to be financed from 9(d) bonds.
"

                             
"C-56.10 Property Purchase (xxxxx)
 
$9,000,000
 
Fund Sources: Higher Education Operating
 
$9,000,000"
 



Explanation
(This amendment provides $9.0 million NGF the second year to purchase 33.91 acres east of James Madison University).