2024 Session

Budget Amendments - SB29 (Member Request)

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Chief Patron: Durant
UMW - Acquire and Renovate Multi-Use Building (Language) (language only)

Item C-18.50 #1s

Item C-18.50 #1s

University of Mary Washington


Page 216, line 13, strike "Not Set Out" and insert:

"Improvements: Acquire and Renovate Multi-Use Building (18694)                                        $0                                                      $15,000,000
Fund Sources:
                 General                                          $0                                                             $15,000,000
Out of this appropriation, $15,000,000 is authorized for the acquisition of a multi-use building adjacent to the University of Mary Washington, which is following the process established under § 2.2-1149. Any funds not needed for the acquisition are authorized for use by the institution for multi-use building facility space build-out, repairs, and maintenance. This multi-use building contains portions leased to private entities and the University of Mary Washington may continue to lease portions of the multi-use building to private entities."


(This amendment sets out the existing authorization for the Acquire and Renovate Multi-Use Building (18694) project at the University of Mary Washington. The additional language provides clarification around current lease agreements in the multi-use building adjacent to UMW and the authority for the use of excess funds after the acquisition.)