1. The General Assembly authorizes Longwood College, with the approval of the Governor, to explore and evaluate an alternative financing scenario to provide additional student housing. This project must be consistent with the guidelines of the Department of General Services and comply with the Treasury Board Guidelines issued pursuant to § 23-19 (d) (4), Code of Virginia, and any amendments thereto.

2. The General Assembly authorizes Longwood College to enter into a written agreement with a public or private entity to design, construct and finance a facility to provide additional student housing. The cost of this project shall not exceed $3.7 million. The facility maybe located on property owned by the Commonwealth. All project proposals and approvals shall be in accordance with the guidelines cited in paragraph 1 of this Item.