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2011 Session

Budget Amendments - HB1500 (Conference Report)

UMW Construct Dining and Student Center

Item C-37.10 #1c

Item C-37.10 #1c

First Year - FY2011 Second Year - FY2012
Education: Higher Education
University of Mary Washington FY2011 $0 FY2012 $45,000,000 NGF

Language
Page 434, after line 28, insert:
The General Assembly authorizes the University of Mary Washington to enter into a written agreement with a public or private entity to finance, design, construct, demolish or renovate a facility or facilities for a dining and student center on its campus.  Such agreement(s) may include a short term ground lease to a private entity during a period of demolition and construction and the use of 9(d) revenue bond proceeds to purchase a newly constructed or renovated facility from a private entity.  The project(s) shall be consistent with the guidelines of the Department of General Services and comply with Treasury Board Guidelines issued pursuant to Section 23-19(d)(4) of the Code of Virginia.”

                             
"C-37.10 New Construction: Construct Dining and Student Center (17909)
 
$45,000,000
 
Fund Sources: Bond Proceeds
 
$45,000,000"
 



Explanation
(This amendment authorizes the university to construct a dining and student center to be funded with school-supported 9(d) bond proceeds.)