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2005 Session

Budget Bill - HB1500 (Chapter 951)

Virginia Community College System

Item C-108.85

Item C-108.85

First Year - FY2005Second Year - FY2006
Improvements: Supplemental Funding for Previously Authorized Capital Projects (17167)$0$25,000,000
Fund Sources: 
GeneralFY2005 $0FY2006 $25,000,000

Funds provided in this Item shall be transferred to previously authorized capital projects to cover increased costs resulting from changes in prices for materials and construction.  Prior to transferring funds to any capital project, the Chancellor shall ensure that efforts have been made to secure supplemental funding from other sources, and to reduce the total scope and cost of the project to the extent practical while maintaining the programmatic intent of the project.