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Item C-91.30 #1h

Education: Higher Education
Virginia Polytechnic Institute And State UniversityLanguage

Language:
Page 296, after line 6, insert:
"C-91.30.
Not withstanding any other provision of law, the Director, Department of Planning and Budget, shall transfer up to $28,758,000 of the amount appropriated in Chapter 1 and Chapter 2, 2008 Acts of Assembly, Special Session I, for project 17660, (Construct Sciences Research Laboratory I) to project 16758 (Center for Creative Technologies Laboratory)."

Explanation:
(This amendment would transfer funding from a project included in Chapters 1 and 2, 2008 Acts of Assembly, Special Session I, to another project on the Virginia Tech priority list within the same funding range. The Sciences Research Laboratory I project in Chapters 1 and 2 included a significant private gift component. However, due to the current economic situation, a significant donor is unable to complete their private gift commitment at this time. This amendment would shift the intended funding amount for the Sciences Research Laboratory I project to a high-priority project for Virginia Tech contained in the six-year capital plan in Chapters 46 and 696, 2009 Acts of Assembly, Regular Session. The Center for Creative Technologies Laboratory project will be ready for construction prior to the end of the fiscal year. The Center for Creative Technologies Laboratory project has a comparable general fund support level and a similar private fund component as the Sciences Research Laboratory I project. In addition, the nongeneral fund component for the Center for Creative Technologies Laboratory project is available.)

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