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2012 Session

Budget Amendments - HB30 (Committee Approved)

UMW Refinance Student Housing and Parking Facilities

Item C-19.50 #2h

Item C-19.50 #2h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
University of Mary Washington FY2013 $90,000,000 FY2014 $0 NGF

Language
Page 375, after line 19, insert:
"
§ 2-7.10 UNIVERSITY OF MARY WASHINGTON (215)
"

                             
"C-19.50       Refinance Student Housing and Dining Facilities
$90,000,000
 
$0
 
Fund Sources: Bond Proceeds
$90,000,000
 
$0"
 



Explanation
(This amendment provides 9(d) nongeneral fund revenue bond authority to refinance recently completed student housing and parking facilities to take advantage of lower interest rates and reduce debt service costs.)