Item C-4 | First Year - FY2007 | Second Year - FY2008 |
|---|
|
|
| New Construction: Construct Educational Wing of Virginia War Memorial (17177) | $2,500,000 | $0 |
| Fund Sources: | | |
| General | FY2007 $500,000 | FY2008 $0 |
| Special | FY2007 $2,000,000 | FY2008 $0 |
1. Authority is hereby granted to the Virginia War Memorial's Board of trustees to name the Education Wing as they deem most appropriate.
2. That upon certification by the Secretary of Administration that $2.0 in private funds have been raised, are available, and will be used to support construction of an educational wing for the Virginia War Memorial, the State Treasurer shall advance a loan of $3.5 million to the Department of General Services for the state share of the construction in the form of a short-term treasury loan, with no interest.
1. That upon certification by the Governor or his designee that $2.0 million in private funds have been raised, pledged or expended to support construction of an educational wing for the Virginia War Memorial and expand the Shrine of Memory to include Virginians killed in action in the War on Terror, the State Comptroller shall advance a loan of $5.97 million to the state agency specified by the Governor or his designee for the state share of the construction in the form of a short-term treasury loan, with no interest.
2. The State Comptroller shall advance $500,000 of the $5.97 million upon certification that $1 million in private funds have been raised, pledged or expended for the educational wing. This amount shall be used for the educational wing portion of the project.