2007 Session

Budget Amendments - SB750 (Committee Approved)

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DOC: Mount Rogers Planning District Prison (language only)

Item C-329 #2s

Item C-329 #2s

Central Appropriations
9(D) Revenue Bonds

Page 605, line 35, Insert:
"A.1. This item authorizes the capital projects listed below to be financed pursuant to Article X, Section 9(d) of the Constitution of Virginia.
2. This paragraph shall constitute the authority for the Virginia Public Building Authority to finance the following projects by the issuance of revenue bonds in aggregate principal amounts not to exceed the Section 9(d) Bonds amounts listed, plus amounts to fund related issuance costs, reserve funds, and other financing expenses, in accordance with §2.2-2263 of the Code of Virginia.
3. The appropriations for said capital projects are contained in the appropriation items listed below and are subject to the conditions in § 2-0 F of this act.
4. The total amount listed in this Paragraph includes $99,000,000 in bond proceeds. Department of Corrections, Central Activities Construct Medium Security Correctional Facility - Mount Rogers Planning District  C-290.40 XXXXX  $99,000,000"

"C-329 Prison, Mount Rogers Planning District (xxxxx)
Fund Sources: Bond Proceeds

(This amendment adds the construction of a new medium security correctional facility to be located in the Mount Rogers Planning District to the list of authorized Virginia Public Building Authority projects. A companion amendment to Item C-290.40 provides $99,000,000 the second year from VPBA bond proceeds for construction of the facility.)