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2008 Session

Budget Amendments - SB29 (Committee Approved)

Tax Department Office Buildings

Item C-7.60 #1s

Item C-7.60 #1s

First Year - FY2007 Second Year - FY2008
Administration
General Services, Department of FY2007 $0 FY2008 $85,000,000 NGF

Language
Page 232, following line 39, insert:
A. The governor may authorize the issuance Virginia Public Building Authority bonds in an amount not to exceed $60,000,000 to finance the purchase of the building currently housing the headquarters of he Department of Taxation, in the event that such building should become available for purchase.
B. The governor may authorize the issuance Virginia Public Building Authority bonds in an amount not to exceed $15,000,000 to finance the purchase and renovation of, or construction of a building suitable for the long-term housing of the Department of Taxation's channel operations."

                             
"C-7.60 Purchase of Tax Department Offices
 
$85,000,000
 
Fund Sources: Bond Proceeds
 
$85,000,000"
 



Explanation
(This amendment provides $60.0 million from VPBA bonds for purchase of the Department of Taxation's headquarters building should it become available, and another $15.0 million from VPBA bonds for a building suitable for the long-term housing of the Department's channel operations.)