Bill > SB773

This bill authorizes the State Board for Community Colleges, a governing body overseeing community colleges in Virginia, to purchase approximately 4.8 acres of land and an existing facility adjacent to the Laurel Ridge Community College campus. This acquisition will be from the Laurel Ridge Community College Educational Foundation, and a portion of the purchase price will be considered a gift, meaning the cost will be below the property's appraised fair market value. The funds for this purchase must come from non-state general funds, such as reserves from auxiliary enterprises (like student housing or dining services) and revenue from non-credit workforce training programs, and cannot use general fund appropriations or capital outlay funds. Once acquired, the property will become state-owned and eligible for state maintenance support, and the existing facility will be renovated to support instruction and workforce training in fields like healthcare, information technology, and skilled trades. The State Board is empowered to sign all necessary documents to complete this transaction.

Budget and Finance, Education, Health and Social Services

https://lis.virginia.gov/bill-details/20261/SB773