House Bond Package (language only)

Item 5-0 #1h

Language
Page 527, strike lines 37 through 52.
Page 527, line 37, insert:
"3. 1) That pursuant to § 2.2-2264, Code of Virginia, the General Assembly hereby authorizes the Virginia Public Building Authority to undertake the construction, improvement, and furnishing of the following projects, including, without limitation, constructing, improving, furnishing, maintaining, acquiring, and renovating buildings, facilities, improvements and land therefor; and to exercise any and all powers granted to it by law in connection therewith, including the power to finance all or any portion of the cost thereof by the issuance of revenue bonds in a principal amount not to exceed $20,370,000 plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during acquisition, construction or renovation and for one year after completion thereof, and other financing expenses.
Agency
Project Description
Amount
Conservation & Recreation
Construct Shenandoah River State Park Cabins and Campground
7,054,000
Conservation & Recreation
Construct Natural Tunnel State Park Cabins and Campground
6,133,000
Conservation & Recreation
Construct Occoneechee State Park Cabins
4,550,000
Conservation & Recreation
Construct Bear Creek State Cabins
2,633,000
Subtotal
20,370,000
2) The Virginia Public Building Authority is also authorized to exercise any and all powers granted to it by law in connection therewith, including the power to finance the cost thereof by the issuance of revenue bonds not to exceed the principal amount set forth plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to or during improvement and for up to one year after completion of the improvement, and other financing expenses.

4. That pursuant to § 23-30.28, Code of Virginia, the General Assembly hereby authorizes the Virginia College Building Authority to undertake the following projects including, without limitation, constructing, improving, furnishing, maintaining, acquiring and renovating buildings, facilities, improvements and land therefor; to exercise any and all powers granted to it by law in connection therewith, including the power to lease such projects to institutions of higher education of the Commonwealth; and to finance all or any portion of the cost thereof by the issuance of revenue bonds in a principal amount not to exceed $258,942,924 plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during acquisition, construction or renovation and for one year after completion thereof, and other financing expenses.

The Authority may pay all or any part of the cost of any project hereinafter listed or authorized or any portion thereof with any income and reserve funds of the Authority available for such purpose, and in such case may transfer such funds of the Authority, with the approval of the Governor.

Agency
Project Description
Amount
Christopher Newport                                                                        University
Construct New Academic Building
15,389,000
William & Mary
Expand Small Hall
6,979,000
Richard Bland College
Renovate Pecan Grove Hall
300,000
George Mason University
Construct Academic VI and Research II
25,045,000
George Mason University
Construct Biocontainment Lab
2,500,000
University of Mary Washington
Renovate Monroe Hall
8,506,000
Norfolk State University
RISE Center Cost Overrun
3,000,000
University of Virginia
MR-6 Medical Research Building
3,200,000
UVA - Medical Center
Clinical Cancer Center
25,000,000
UVA's College at Wise
Renovate Old Science Building
10,935,000
Va. Community College System
Construct Phase III, Loudoun, Northern Virginia
27,619,000
Va. Community College System
Construct Regional Health Professions Center Phase I, Virginia Beach, Tidewater
19,404,000
Va. Community College System
Construct Information Technology Building, Blue Ridge
6,945,000
Va. Community College System
Acquire Hampton III Building, Hampton, Thomas Nelson
6,553,000
Va. Community College System
Renovate Burnette Hall, Parham, J. Sargeant Reynolds
9,402,000
Va. Community College System
Construct Phase II Building, Midlothian, John Tyler
18,910,000
Va. Community College System
Construct Phase VI Academic Building, Annandale, Northern Virginia
27,397,000
Va. Community College System
Renovate Hobbs Campus, Paul D. Camp
483,000
Virginia Military Institute
Expand Barracks
19,911,924
Virginia Tech
Institute for Critical Technology and Applied Science, Phase II
13,519,000
Southwest Virginia Higher Education Center
Renovate and Expand Center
7,945,000
Subtotal
258,942,924"
Page 528, strike lines 1 through 14.

Explanation
(This amendment is self-explanatory.)