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2012 Special Session I

Budget Amendments - HB1300 (Committee Approved)

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NGF authority-VSU's Multipurpose Center

Item C-73.10 #1s

Item C-73.10 #1s

First Year - FY2011 Second Year - FY2012
Education: Higher Education
Virginia State University FY2011 $0 FY2012 $4,500,000 NGF

Language
Page 172, line 21, after "C-73.10, strike "Not set out." and insert:"Acquisition:  Acquire Ettrick Property (17312)      $5,840,000 $0 $4,500,000Fund Sources:  Higher Education Operating      $5,840,000  $0 $4,500,000"


Explanation
(This amendment provides additional nongeneral fund appropriation authority to acquire real estate for Virginia State University's Multipurpose Center and its expansion into Ettrick. The acquisition costs of the properties have been higher than was originally projected thus making the need for additional appropriation authority necessary.)