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2020 Session

Budget Amendments - SB29 (Member Request)

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Chief Patron: Edwards
CO - VT - Supplement Improve Student Wellness Facility (language only)

Item C-18 #1s

Item C-18 #1s

Education
Virginia Polytechnic Institute and State University

Language

Set out Item C-18

Strike Item C-18 and insert:


                              

"Item C-18

First Year
FY2019

Second Year
FY2020

Improvements: Improve Student Wellness Facilities (18357)

$63,000,000

$9,500,000    

Fund Sources:

Higher Education Operating

$13,310,000

$0    

Bond Proceeds

$49,690,000

$9,500,000".




Explanation

(This amendment provides a supplement of $9.5 million in 9(d) revenue bond authority for the Improve Student Wellness Facilities project at Virginia Tech in FY 2020. This authorization would bring the 9(d) revenue bond total to $59.2 million and the project total to $72.5 million. It is the intent of this amendment to update the 9(d) table in Item C-53 during the enrolling process).