2015 Session

Budget Amendments - SB800 (Conference Report)

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Remove Study (language only)

Item 75 #1c

Item 75 #1c

Department of General Services

Page 62, strike lines 28 through 41 and insert:
"C. 1. Upon notification from the State Treasurer that all debt service and capital lease obligations have been met, the Department of General Services, on behalf of the Commonwealth of Virginia, shall transfer ownership of the property located at the Center for Innovative Technology Complex at 2214 Rock Hill Road, Herndon, Virginia, formerly known as the Software Consortium Productivity Building and now known as the Mid-Rise Building from the Innovation and Entrepreneurship Investment Authority (IEIA), to the Department of General Services.
2.  The Department of General Services shall honor all existing leases and contracts and manage the property as part of its real estate services operation.  However, the Department of General Services may enter into a lease agreement with the IEIA for a nominal sum and allow them to continue to manage the facility."

(This amendment removes study language and authorizes the resumption of ownership of the Mid-Rise Building property by the Commonwealth which will be managed by the Department of General Services.)