2008 Session

Budget Amendments - SB29 (Committee Approved)

Capital Project Reversion

Item C-326.20 #1s

Item C-326.20 #1s

First Year - FY2007 Second Year - FY2008
Central Appropriations
Central Capital Outlay FY2007 $0 FY2008 ($70,000,000) GF
FY2007 $0 FY2008 $70,000,000 NGF

Page 253, following line 3, insert:
"A. The director of the Department of Planing and Budget and the Treasurer shall identify general fund balances not to exceed $70,000,000 available from the projects listed in this item.  Such balances may be reverted to the general fund and refinanced with proceeds from the sale of Virginia Public Building Authority bonds.
B. It is the intent of the General Assembly that the general fund reductions and accompanying bond issuance authorized in this item shall be minimized to the extent that general fund revenues exceed the estimates in this act."
Agency Code Agency Project Title
720 Mental Health 17456 Eastern State Hospital
778 Dept of Forensic Science 17459 Construct Northern Forensic Laboratory 211
Virginia Military Institute 17303 Expand Barracks 260
Community College System 17387 Construct Phase VI Academic Building, Annandale Campus, Northern Virginia 247
George Mason 16523 Construct Academic II, Arlington Campus 260
Community College System 17377 Construct Phase III Buildings, Loudoun Campus, Northern Virginia 209
UVA - Medical 17155 Construct clinical cancer center 247
George Mason 17365 Construct Academic VI and Research II Facility 260
Community College System 17378 Construct Phase I of Regional Health Professions Center, Virginia Beach Campus, Tidewater 260
Community College System 17386 Construct Phase II Building, Midlothian Campus, John Tyler 242
Christopher Newport 16828 Renovate and Expand Gosnold Hall 236
VCU 16721 Construct Medical Sciences Building, Phase II 216
James Madison University 16806 Construct Center for the Arts 208
Virginia Tech 17291 Construct Institute for Critical Technology and Applied Science, Phase II 720
Mental Health 16973 Construct Permanent Facility for Sexually Violent Predator Program 207
University of Virginia 16283 Renovate Fayerweather Hall and Construct Art Studio 260
Community College System 16836 Relocate Portsmouth Campus, Tidewater 208
Virginia Tech 17120 Renovation of Campus Heating Plant 246
UVA's College at Wise 17362 Renovate Smiddy Hall and relocate Information Technology Building 246
UVA's College at Wise 17451 Science Building 260
Community College System 17384 Renovate Burnette Hall, Parham Road Campus, J. Sargeant Reynolds 215
University of Mary Washington 16803 Renovate Monroe Hall 236
VCU 17452 Expansion of School of Dentistry Facilities 204
William & Mary 17278 Renovate Power Plant and Make Utility Improvements  208
Virginia Tech 16714 Construct New Engineering Facility, Phase I 194
General Services 16967 Renovate Washington Building 216
James Madison University 16807 Construct Music Recital Hall 212
Virginia State 17306 Renovate Singleton Hall 215
University of Mary Washington 16594 Renovate Lee Hall "

"C-326.20 Capital Refinancing Account
Fund Sources: General
Bond Proceeds

(This amendment provides $70.0 million from VPBA bond proceeds to refinance $70.0 million GF appropriated for capital projects in the 2008-2010 biennium.)