2010 Session

Budget Amendments - HB30 (Committee Approved)

View Budget Item
View Budget Item amendments

Correct Bond Projects

Item C-85 #2h

Item C-85 #2h

First Year - FY2011 Second Year - FY2012
Central Appropriations
Central Capital Outlay FY2011 $0 FY2012 ($450,125,290) NGF

Page 361, line 23, strike "$1,087,588,000" and insert "$637,462,710".
Page 362, line 17, strike "$1,087,588,000" and insert "$637,462,710".
Page 362, strike line 22.
Page 362, strike lines 24 through 26.
Page 362, strike line 28.
Page 362, after line 32, insert:
"Jamestown-Yorktown Foundation (425)
           Construct Yorktown Museum (17626)".
Page 362, strike lines 37 through 41.
Page 362, strike lines 46 through 48.
Page 362, strike lines 55 and 56.
Page 362, strike lines 59 through 61.
Page 363, strike lines 6 through 24 and insert:
"C. The appropriations contained in paragraphs A and B of this item shall be subject to the conditions specified in paragraph D below.
D.1. The Secretary of Finance shall prepare and submit a plan to the Governor and the Chairmen of the House Appropriations Committee and the Senate Finance Committee on or before the beginning of the 2011 General Assembly Session to schedule the issuance of debt for the projects authorized in this item and for the projects authorized in Item C-84, Central Maintenance Reserve, and Item 245 Higher Education Equipment Trust Fund. 
2.  The issuance of debt for the projects identified in paragraph D.1. is authorized within the parameters established by the Debt Capacity Advisory Committee across the 2010 to 2019 planning horizon.   The projects shall proceed in the following priority order:
Priority 1:  Maintenance Reserve
Priority 2:  Higher Education Equipment Trust Fund
Priority 3:  Equipment for Previously Funded Projects
Priority 4:  Construction funds for projects with completed planning".

(This amendment adjusts the proposed contingent bond authorization to reflect only projects that have been reviewed by the Bureau of Capital Outlay Management (BCOM) and appropriate BCOM cost estimates for the remaining projects. The amendment also clarifies the priority order of projects and the time line on when the projects may proceed.)