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2019 Session

Budget Amendments - HB1700 (Conference Report)

CO - VCU - Construction: Engineering Research Expansion

Item C-13.20 #1c

Item C-13.20 #1c

First Year - FY2019 Second Year - FY2020
Education: Higher Education
Virginia Commonwealth University FY2019 $6,541,000 FY2020 $0 NGF

Language
Page 525, after line 42, insert:

"C-13.20 New Construction: Construct School of Engineering Research Expansion (18243)$6,541,000$0
Fund Sources:  Bond Proceeds $6,541,000 $0 "


Explanation

(This amendment provides $6.5 million of 9(D) Revenue Bonds to support construction of the Engineering Research Expansion capital project authorized under § 1.B.2 of Chapter 759 (2016) and in Item C-19 of Chapter 1 (2018) for Virginia Commonwealth University. The requested debt authorization replaces interim financing through indirect cost recovery funds. The University states that there is no increase in the total cost of the project.)