Common use of AUTHORIZATION OF CAPITAL PROJECTS Clause in Contracts

AUTHORIZATION OF CAPITAL PROJECTS. The board of visitors shall authorize the initiation of each major capital project by approving its size, scope, budget, and funding. The President of the University, acting through the Senior Vice President for Administration and Finance or designee, shall adopt procedures for approving the size, scope, budget, and funding of all other capital projects. Major capital projects that are to be funded entirely or in part by a general fund appropriation of the General Assembly or proceeds from state tax-supported debt shall require both the board of visitors' approval and those pre-appropriation approvals of the Commonwealth's governmental agencies then applicable, and shall follow the Commonwealth's process for capital budget requests. It shall be the policy of the University that the implementation of capital projects shall be carried out so that the capital project as completed is the capital project approved by the board for major capital projects and according to the procedures adopted by the President of the University, acting through the Senior Vice President for Administration or designee, for all other capital projects. The President of the University, acting through the Senior Vice President for Administration and Finance or designee, shall ensure strict adherence to this requirement. Accordingly, the budget, size, and scope of a capital project shall not be materially changed beyond the plans and justifications that were the basis for the capital project's approval, either before or during construction, unless approved in advance as described in this section above. Minor changes shall be permissible if they are determined by the President of the University, acting through the Senior Vice President for Administration and Finance or designee, to be justified. Major capital projects may be submitted for the board of visitors' authorization at any time but must include a statement of urgency if not part of the approved major capital project program.

AUTHORIZATION OF CAPITAL PROJECTS. The board of visitors shall authorize the initiation of each major capital project by approving its size, scope, budget, and funding. The President of the University, acting through the Senior Vice President for of Administration and Finance or his designee, shall adopt procedures for approving the size, scope, budget, and funding of all other capital projects. Major capital projects that are to be funded entirely or in part by a general fund appropriation of the General Assembly or proceeds from state tax-supported debt shall require both the board of visitors' visitors approval and those pre-appropriation approvals of the CommonwealthState's governmental agencies then applicable, and shall follow the CommonwealthState's process for capital budget requests. It shall be the policy of the University that the implementation of capital projects shall be carried out so that the capital project as completed is the capital project approved by the board for major capital projects and according to the procedures adopted by the President of the University, acting through the Senior Vice President for of Administration or his designee, for all other capital projects. The President of the University, acting through the Senior Vice President for of Administration and Finance or his designee, shall ensure strict adherence to this requirement. Accordingly, the budget, size, and scope of a capital project shall not be materially changed beyond the plans and justifications that were the basis for the capital project's approval, either before or during construction, unless approved in advance as described in this section above. Minor changes shall be permissible if they are determined by the President of the University, acting through the Senior Vice President for of Administration and Finance or his designee, to be justified. Major capital projects may be submitted for the board of visitors' visitors authorization at any time but must include a statement of urgency if not part of the approved major capital project program.

AUTHORIZATION OF CAPITAL PROJECTS. 448 The board of visitors shall authorize the initiation of each major capital project by approving its 449 size, scope, budget, and funding. The President of the University, acting through the Senior Vice 450 President for of Administration and Finance or his designee, shall adopt procedures for approving the size, 451 scope, budget, and funding of all other capital projects. Major capital projects that are to be funded 452 entirely or in part by a general fund appropriation of the General Assembly or proceeds from state 453 tax-supported debt shall require both the board of visitors' visitors approval and those pre-appropriation approvals 454 of the CommonwealthState's governmental agencies then applicable, and shall follow the CommonwealthState's process for capital 455 budget requests. 456 It shall be the policy of the University that the implementation of capital projects shall be carried 457 out so that the capital project as completed is the capital project approved by the board for major 458 capital projects and according to the procedures adopted by the President of the University, acting 459 through the Senior Vice President for of Administration or his designee, for all other capital projects. The 460 President of the University, acting through the Senior Vice President for of Administration and Finance or 461 his designee, shall ensure strict adherence to this requirement. 462 Accordingly, the budget, size, and scope of a capital project shall not be materially changed beyond 463 the plans and justifications that were the basis for the capital project's approval, either before or during 464 construction, unless approved in advance as described in this section above. Minor changes shall be 465 permissible if they are determined by the President of the University, acting through the Senior Vice 466 President for of Administration and Finance or his designee, to be justified. 467 Major capital projects may be submitted for the board of visitors' visitors authorization at any time but must 468 include a statement of urgency if not part of the approved major capital project program.

AUTHORIZATION OF CAPITAL PROJECTS. The board Board of visitors Visitors shall authorize the initiation of each major capital project Major Capital Project by approving its size, scope, budget, and funding. The President of the UniversityPresident, acting through the Senior Vice President for Administration and Finance or his designee, shall adopt procedures for approving the size, scope, budget, budget and funding of all other capital projects. Major capital projects Capital Projects that are to be funded entirely or in part by a general fund appropriation of the General Assembly or proceeds from state tax-supported debt State Tax Supported Debt, shall require both the board Board of visitors' Visitors approval and those pre-appropriation approvals of the Commonwealth's State’s governmental agencies then applicable, and shall follow the Commonwealth's State’s process for capital budget requests. It shall be the policy of the University College that the implementation of capital projects shall be carried out so that the capital project as completed is the capital project approved by the board Board for major capital projects Major Capital Projects and according to the procedures adopted by the President of the UniversityPresident, acting through the Senior Vice President for Administration or his designee, for all other capital projects. The President of the University, acting through the Senior Vice President for Administration and Finance or designee, shall ensure strict adherence to this requirement. Accordingly, the budget, size, size and scope of a capital project shall not be materially changed beyond the plans and justifications that were the basis for the capital project's approval, either before or during construction, unless approved in advance as described in this section above. Minor changes shall be permissible if they are determined by the President of the UniversityPresident, acting through the Senior Vice President for Administration and Finance or his designee, to be justified. Major capital projects Capital Projects may be submitted for the board Board of visitors' Visitors authorization at any time but must include a statement of urgency if not part of the approved major capital project Major Capital Project program.

AUTHORIZATION OF CAPITAL PROJECTS. The board Board of visitors Visitors shall authorize the initiation of each major capital project Major Capital Project by approving its size, scope, budget, and funding. The President of the UniversityPresident, acting through the Senior Vice President for Finance and Administration and Finance or other designee, shall adopt procedures for approving the size, scope, budget, budget and funding of all other capital projects. Major capital projects Capital Projects that are to be funded entirely or in part by a general fund appropriation of the General Assembly or proceeds from state tax-supported debt State Tax Supported Debt, shall require both the board Board of visitors' Visitors approval and those pre-appropriation approvals of the CommonwealthState's governmental agencies then applicable, and shall follow the CommonwealthState's process for capital budget requests. It shall be the policy of the University that the implementation of capital projects shall be carried out so that the capital project as completed is the capital project approved by the board Board for major capital projects Major Capital Projects and according to the procedures adopted by the President of the UniversityPresident, acting through the Senior Vice President for Finance and Administration or other designee, for all other capital projects. The President of the UniversityPresident, acting through the Senior Vice President for Finance and Administration and Finance or other designee, shall ensure strict adherence to this requirement. Accordingly, the budget, size, size and scope of a capital project shall not be materially changed beyond the plans and justifications that were the basis for the capital project's approval, either before or during construction, unless approved in advance as described in this section above. Minor changes shall be permissible if they are determined by the President of the UniversityPresident, acting through the Senior Vice President for Finance and Administration and Finance or other designee, to be justified. Major capital projects Capital Projects may be submitted for the board Board of visitors' Visitors authorization at any time but must include a statement of urgency if not part of the approved major capital project Major Capital Project program.