2025 Public Educational Institution Capital Account

Item C-52.10 #1c

Language
Page 638, line 6, strike "$528,545,771" and insert "$795,375,294".

Page 638, line 10, strike "$448,214,251" and insert "$626,043,774".

Page 638, line 11, strike “$80,331,520” and insert “$169,331,520”.

Page 638, after line 19, insert:

“207      University of Virginia    Construct Center for the Arts (18602)”.

Page 638, strike lines 24 through 27.

Page 638, after line 31, insert:

"216     James Madison University      Renovate Johnston Hall (18758)".

Page 638, after line 35, insert:

“268      Virginia Institute of Marine Science      Construct Marine Operations Administration Complex (18746)”.

Page 638, line 39, after "B", insert "1."

Page 638, line 39, strike "shall" and insert "may".

Page 638, after line 41, insert:

"2. The scope of the project to Renovate Virginia Hall (212-18757) is hereby expanded to include the renovation of four smaller campus buildings at Virginia State University, as follows: Colson Hall, Lindsay Montague, Johnella Jackson, and Memorial Hall. The intent of these renovations is to provide near-term relocation of educational and general faculty and staff relocated from Virginia Hall. The scope of the projects shall include any needed updates to the buildings' critical systems, envelope, and/or other core elements as needed for the buildings to be utilized by the institution in the long term as educational and general office support space.”

Page 638, after line 41, insert:

"C. To execute the project titled "Acquire Altria Building," Virginia Commonwealth University (VCU) shall remit lease payments above the actual operating costs of the building to the general fund or shall reduce the general fund portion of the purchase price equal to the amount of such excess lease payments while VCU leases space in the building to Altria or any another entity not related to Virginia Commonwealth University or the Virginia Commonwealth University Health System Authority."