This language only amendment requires that at such time as the Alcoholic Beverage Control Authority's Central Office and Warehouse is no longer needed for their purposes, it shall offer to sell the property to Virginia Commonwealth University prior to offering it for sale to any other public or private entity.

The amended language approved by the General Assembly requires the Department of General Services (DGS), in consultation with the Alcoholic Beverage Control Authority, to determine a fair market value for the sale of the property. DGS will obtain two independent appraisals and offer the property to VCU at a fair market value. Prior to the sale of property to VCU, the university shall prepare a master plan for development of the property for submission to the Chairmen of the House Appropriations and Senate Finance Committees.