2016 Session

Budget Amendments - HB30 (Committee Approved)

Research Labs and Equipment

Item C-52.10 #3h

Item C-52.10 #3h

First Year - FY2017 Second Year - FY2018
Capital Projects
Central Capital Outlay FY2017 $50,000,000 FY2018 $0 NGF

Page 439, after line 27, insert:

"C-52.10 Improvements: Research Labs and Equipment$50,000,000$0
Fund Sources:  Bond Proceeds $50,000,000 $0 "

Page 439, after line 27, insert:

"Contingent on the passage of House Bill  834 and House Bill  1343, the Virginia College Building Authority is authorized to issue, pursuant to § 23.30-24 et seq., Code of Virginia, bonds in the amount of $50,000,000 the first year, plus amounts to fund related issuance costs and other financing expenses for lab renovations and enhancements and / or research equipment related to higher education research."


(This amendment provides for renovations to research labs and the acquisition of research equipment as part of higher education research. These bonds are contingent on the passage of House Bill 834 and House Bill 1343.)