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.)