C-12#1s (UVA/AD) UVA - Eliminate Debt Funded Umbrella Projects. SB30 - Committee Approved

State Budget

2024 Session

Budget Amendments - SB30 (Committee Approved)

Bill Order » Item C-12 #1s

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UVA - Eliminate Debt Funded Umbrella Projects

Item C-12 #1s

Item C-12 #1s	First Year - FY2025	Second Year - FY2026
Education: Higher Education
University of Virginia	FY2025 ($12,000,000)	FY2026 $0	NGF

Language
Page 544, line 28, strike "$12,000,000" and insert "$0".

Page 544, strike lines 26-31.

Explanation

(This amendment defers an umbrella maintenance reserve project with tax-supported bonds at UVA. A companion amendment increases the central maintenance reserve allocations.)

Item C-12

Item C-12	First Year - FY2025	Second Year - FY2026
Improvements: Address Deferred Maintenance (18722)	$12,000,000	$0
Fund Sources:
Bond Proceeds	FY2025 $12,000,000	FY2026 $0