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2019 Session

Budget Amendments - HB1700 (Conference Report)

CO - NSU - IT Infrastructure

Item C-10.20 #1c

Item C-10.20 #1c

First Year - FY2019 Second Year - FY2020
Education: Higher Education
Norfolk State University FY2019 $0 FY2020 $1,400,000 NGF

Language
Page 524, after line 15, insert:

"C-10.20 Improvements: IT Infrastructure$0$1,400,000
Fund Sources:  Bond Proceeds $0 $1,400,000 "

Page 524, after line 15, insert:

"The Virginia College Building Authority, pursuant to § 23.1-1200 et seq. of the Code of Virginia, is authorized to issue bonds in a principal amount not to exceed $1,400,000 plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during the acquisition or construction and for one year after completion thereof, and other financing expenses, to finance the capital costs of the project for which the appropriation in this item is provided."



Explanation

(This amendment provides funding for IT infrastructure improvements at Norfolk State University to upgrade data storage capacity, upgrade wireless infrastructure, enhance security architecture to mitigate security threats to the University's system.)