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2020 Session

Budget Amendments - SB30 (Member Request)

Chief Patron: Spruill
CO - NSU - Construct Phys. Ed. & Athletic Building Addition to the Stadium

Item C-17.5 #1s

Item C-17.5 #1s

First Year - FY2021 Second Year - FY2022
Education
Norfolk State University FY2021 $78,874,400 FY2022 $0 NGF

Language
Page 488, after line 23, insert:

"C-17.5 New Construction: Construct Phys. Ed. & Athletic Building Addition to the Stadium$78,874,400$0
Fund Sources:                              Bond Proceeds
                            UNDESIGNATED NONGENERAL FUNDS
$58,874,400
$20,000,000
$0
$0 "


Explanation

(This amendment authorizes construction of a physical education and athletic building addition to the stadium. Fund sources include 9c bond proceeds ($21,621,760), tax-supported bond proceeds ($37,252,640), and private donations ($20.0 million).)