2008 Session

Budget Amendments - SB30 (Committee Approved)

Capital Project Reversion

Item C-178.10 #1s

Item C-178.10 #1s

First Year - FY2009 Second Year - FY2010
Central Appropriations
Central Capital Outlay FY2009 ($230,000,000) FY2010 $0 GF
FY2009 $230,000,000 FY2010 $0 NGF

Page 480, following line 35, insert:
"A. The director of the Department of Planning and Budget and the Treasurer shall identify general fund balances not to exceed $230,000,000 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-178.10 Capital Refinancing Account
Fund Sources: General
Bond Proceeds

(This amendment provides $230.0 million from VPBA bond proceeds to refinance $230.0 million GF appropriated for capital projects in the 2008-2010 biennium.)