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2012 Special Session I

Budget Bill - HB1300 (Chapter 2)

University of Mary Washington

Item C-37.10

Item C-37.10

First Year - FY2011Second Year - FY2012
New Construction: Construct Dining and Student Center, University of Mary Washington (17909)
New Construction: Construct Dining and Student Center (17909)
$0$45,000,000
$60,000,000
Fund Sources: 
Bond ProceedsFY2011 $0FY2012 $45,000,000
$60,000,000

The General Assembly authorizes the University of Mary Washington to enter into a written agreement with a public or private entity to finance, design, construct, demolish or renovate a facility or facilities for a dining and student center on its campus. Such agreement(s) may include a short term ground lease to a private entity during a period of demolition and construction and the use of 9(d) revenue bond proceeds to purchase a newly constructed or renovated facility from a private entity. The project(s) shall be consistent with the guidelines of the Department of General Services and comply with Treasury Board Guidelines issued pursuant to Section 23-19(d)(4) of the Code of Virginia.