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2009 Session

Budget Amendments - HB1600 (Conference Report)

War Memorial

Item C-5.20 #1c

Item C-5.20 #1c

First Year - FY2009 Second Year - FY2010
Administration
General Services, Department of FY2009 $0 FY2010 $6,500,000 NGF

Language
Page 548, after line 22, insert:
"This item contains $6.5 million in Virginia Public Building Authority bond authority, to repay the Treasury Loan authorized for this purpose in Chapter 847, 2008 Acts of Assembly, to support construction of an educational wing for the Virginia War Memorial and expand the Shrine of Memory to include Virginians killed in action in the War on Terror.  These funds supplement $2.0 million in private funds bringing the total cost of this project to $8.5 million."

                             
"C-5.20 Construct Educational Wing of Virginia War Memorial (17177)
 
$6,500,000
 
Fund Sources: Bond Proceeds
 
$6,500,000"
 



Explanation
(This amendment provides Virginia Public Building Authority bond authority to supplement the $2.0 million in private funds raised for this project. Chapter 847, 2008 Acts of Assembly authorized a Treasury Loan for this purpose. This amendment utilizes the bond authority to repay the Treasury loan and fulfill the Commonwealth's obligation to this project.)