Item C-7 | First Year - FY1997 | Second Year - FY1998 |
|---|---|---|
| Debt Bonds 9(D) (15785) | $264,129,837 | $0 |
| Fund Sources: | ||
| Higher Education Operating | FY1997 $7,403,000 | FY1998 $0 |
| Debt Service | FY1997 $256,726,837 | FY1998 $0 |
A.1. Authorization of projects to be financed pursuant to Article X, Section 9(d), of the Constitution of Virginia.
2. The appropriations in this item are subject to the conditions in § 2-0. J. of this act.
3. The amounts listed in Item C-7 total $275,926,837 $256,726,837 in bond proceeds and $7,403,000 in higher education operating funds.
| AGENCY NAME/PROJECT | PROJECT CODE | 9(d) BOND FUND | NGF | TOTAL |
| OFFICE OF EDUCATION | ||||
| UVA: Student Residence Hall | 15795 | 6,000,000 | 1,000,000 | 7,000,000 |
| Parking Deck for 600 Vehicles and Infrastructure | 15871 | 4,500,000 | 6,653,000 | 11,153,000 |
| VPI: Athletic Facilities Renovations | 15801 | 6,250,000 | 6,250,000 | |
| Alumni Hall & Donaldson Brown Center | 15802 | 3,946,000 | 3,946,000 | |
| Student Residence Hall | 15800 | 10,000,000 | 10,000,000 | |
| Coal Fired Facility Supplement | 14106 | 2,300,000 | 2,300,000 | |
| Athletic Facility Addition | 15748 | 6,500,000 | 750,000 | 7,250,000 |
| Student Residence Hall | 15524 | 1,731,000 | 1,731,000 | |
| | | | | |
| Parking Facilities Acquisition and Construction | 15869 | 16,000,000 | 16,000,000 | |
| Convocation Center Land Acquisition and Construction | 15870 | 40,000,000 | 40,000,000 | |
| | | | | |
| Prince William Loop Road and Parking | 15659 | 3,200,000 | 3,200,000 | |
| Prince William Aquatic and Recreation Center | 15699 | 1,000,000 | (1,000,000) | 0 |
| VCU: Repair Residence Halls | 15810 | 3,797,000 | 3,797,000 | |
| School of Engineering | 15717 | 23,890,000 | 23,890,000 | |
| Renovations to Parking Deck "D" | 15868 | 6,078,000 | 6,078,000 | |
| JMU: Construct Student Residence Hall | 15804 | 14,118,000 | 14,118,000 | |
| LC: East Ruffner Conversion | 15806 | 2,000,000 | 2,000,000 | |
| RD: Renovate Ingles Hall | 15819 | 3,600,000 | 3,600,000 | |
| MWC: Parking Deck | 15872 | 4,856,837 | 4,856,837 | |
| NSU: Parking Deck | 15873 | 6,760,000 | 6,760,000 | |
| CWM: William and Mary Hall Renovation | 15971 | 2,200,000 | 0 | 2,200,000 |
| Virginia Port Authority: Umbrella Capital Projects | 15975 | 88,000,000 | 88,000,000 | |
| TOTAL BOND PROJECTS 9(d) | | $7,403,000 | | |
|
|
| $256,726,837 | $264,129,837 |
New Construction: School of Engineering (15717)
B.1. The General Assembly authorizes Virginia Commonwealth University, with the approval of the Governor, to construct a new teaching and research facility for use by the School of Engineering at Virginia Commonwealth University. This project must be consistent with guidelines promulgated by the Department of General Services and comply with the "Alternative Construction and Financing Guidelines" issued by the Secretary of Finance on July 1, 1992. The project, previously authorized in Item C-53.10 of Chapter 853 of the 1995 Acts of Assembly, shall be consistent with the plans and specifications in the report submitted to the Governor and the Chairmen of the House Appropriations and Senate Finance Committees on November 1, 1995.
2. The General Assembly authorizes Virginia Commonwealth University to enter into a written agreement with the School of Engineering Foundation at Virginia Commonwealth University to design, construct, and finance the project. All project proposals and approvals shall be in accordance with the guidelines cited in paragraph 1 of this item.
3. The School of Engineering Foundation will assume responsibility for all construction costs and debt issuance expenses in excess of bond proceeds and shall reimburse the University for debt service on the bonds issued to finance this project.
4. Consistent with the economic incentive package offered to Motorola to locate in the Richmond area, Item C-7.10 includes $11,000,000 from the 21st Century College Program for construction of a clean room training facility as part of the new School of Engineering Building.
C. Funding for the project, William and Mary Hall Renovation, is included in this item, provided that no increase in student fees is required to produce such revenues. Prior to initiation of the project, the College of William and Mary shall certify to the Director, Department of Planning and Budget, that there is no such impact on student fees.
D. The conditions set out in § 2-0. J. of this act shall be applicable to the Virginia Port Authority project provided for in this item. The bonds for such project shall be issued pursuant to § 62.1-140, Code of Virginia.