C-12#1h (JMU) JMU: Village Student Housing. HB1400 - Committee Approved

State Budget

2023 Session

Budget Amendments - HB1400 (Committee Approved)

Bill Order » Item C-12 #1h

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JMU: Village Student Housing

Item C-12 #1h

Item C-12 #1h	First Year - FY2023	Second Year - FY2024
Education
James Madison University	FY2023 $13,500,000	FY2024 $0	NGF

Language
Page 612, line 36, strike "$66,240,000" and insert "$79,740,000".

Explanation

(This amendment provides nongeneral fund appropriation in the first year for James Madison University to infuse additional nongeneral fund dollars into an auxiliary housing construction project. These funds are needed as project costs have escalated from initial estimates due to market volatility, supply chain issues, and other factors.)

Item C-12

Item C-12	First Year - FY2023	Second Year - FY2024
New Construction: Construct Village Student Housing Phase 1 (18596)	$66,240,000	$0
Fund Sources:
Higher Education Operating	FY2023 $11,000,000	FY2024 $0
Bond Proceeds	FY2023 $55,240,000	FY2024 $0