1.  The General Assembly authorizes George Mason University, with the approval of the Governor, to explore and evaluate an alternative financing scenario to provide an additional student union facility.  This project must be consistent with the Virginia Uniform Statewide Building Code 7 of October 1, 2003 and comply with the Treasury Board Guidelines issued pursuant to § 23-19 (d) (4), of the Code of Virginia and subsequent amendments thereto.

2.  The General Assembly authorizes George Mason University to enter into a written agreement with a public or private entity to design, construct, and finance a facility to provide an additional student union facility.  The facility or facilities may be 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.

3.  In the event that the Student Union III project is financed through alternative financing and is constructed on land owned by or leased to a private university-related foundation, or owned by or leased to a private entity, such project shall continue to be exempt from all requirements of any county or city zoning ordinances, and such projects shall be subject only to review of compliance with the Virginia Uniform Statewide Building Code.