C-15#1s (VCU/AD) VCU - Eliminate Debt Funded Umbrella Projects. SB30 - Committee Approved

State Budget

2024 Session

Budget Amendments - SB30 (Committee Approved)

Bill Order » Item C-15 #1s

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VCU - Eliminate Debt Funded Umbrella Projects

Item C-15 #1s

Item C-15 #1s	First Year - FY2025	Second Year - FY2026
Education: Higher Education
Virginia Commonwealth University	FY2025 ($12,000,000)	FY2026 $0	NGF

Language
Page 545, line 18, strike "$12,000,000" and insert "$0".

Page 545, strike lines 17-19.

Explanation

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

Item C-15

Item C-15	First Year - FY2025	Second Year - FY2026
Improvements: Address Deferred Maintenance (18729)	$12,000,000	$0
Fund Sources:
Bond Proceeds	FY2025 $12,000,000	FY2026 $0