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2018 Special Session I

Budget Bill - HB5001 (Enrolled)

Old Dominion University

Item C-14.50

Item C-14.50

First Year - FY2017Second Year - FY2018
New Construction: Reconstruct the Stadium at Foreman Field (18303)$0$55,000,000
$65,000,000
Fund Sources: 
Higher Education OperatingFY2017 $0FY2018 $10,000,000
$20,000,000
Bond ProceedsFY2017 $0FY2018 $45,000,000

Old Dominion University is authorized to reconstruct the Stadium at Foreman Field. Any debt service for the project that is supported by subsidy may be excluded from the subsidy calculations defined under § 23.1-1309 A., Code of Virginia. The institution shall not raise athletic fees to support the construction of this facility.