2019 Session

Budget Amendments - SB1100 (Committee Approved)

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CO - JMU - Property Exchange and Purchase

Item C-7 #1s

Item C-7 #1s

First Year - FY2019 Second Year - FY2020
James Madison University FY2019 $0 FY2020 $310,000 NGF

Page 523, line 20, strike "$0" and insert "$310,000".

Page 523, after line 21, insert:

"James Madison University is authorized to exchange 0.83 acres of University-owned property located at 622 South Main Street, Harrisonburg, Virginia for 0.51 acres, including a 3,884 square foot improvement, located at 741 South Main Street, Harrisonburg, Virginia, owned by the Diocesan Missionary Society of Virginia.  The University is further authorized to compensate the Diocesan Missionary Society of Virginia $310,000 the second year from nongeneral funds."


(This amendment authorizes the exchange of University-owned property for property contiguous to campus owned by the Diocesan Missionary Society of Virginia. The university will compensate the society $310,000 NGF for the property exchange.)