Board of Visitors minutes February 9, 2007 | ||
APPROVAL OF FINANCIAL PLANS FOR CAPITAL PROJECTS IN THE FIRST BIENNIUM OF THE PROPOSED SIX YEAR CAPITAL PLAN (2008-2014)
(approved by the Finance Committee on January 22, 2007)
RESOLVED that the financial plans for the capital outlay projects included in the first biennium of the proposed 2008-2014 Capital Outlay Plan are reasonable and, in most cases, complete; and
RESOLVED FURTHER, that in cases where additional analysis is required or fundraising plans developed to determine the financial feasibility of a project, that no construction shall begin until the Executive Vice President and Chief Operating Officer, in consultation with the Chair of the Finance Committee, approves the revised financial plan.
Board of Visitors minutes February 9, 2007 | ||