Point Source Water Quality Improvement Projects

Item 357 #2s

Language
Page 309, line 34, strike "$57,373,759" and insert "$165,249,496".
Page 310, after line 15, insert:
“E.1.a.  The Commonwealth’s share of the design and installation of nutrient removal technology at publicly owned wastewater treatment projects in paragraph G.2. of this Item is hereby authorized and may be financed in whole or in part through bonds of the Virginia Public Building Authority pursuant to §2.2-2263, Code of Virginia.  The aggregate principle amounts will not exceed the amounts listed in paragraph E.2. below, plus amounts to fund related issuance costs, and other financing expenses, in accordance with § 2.2-2263, Code of Virginia.
b. The Director of the Department of Planning and Budget shall provide the Chairman of the Virginia Public Building Authority with the specific projects, as well as the amounts for these projects, to be financed by the authority within the dollar limit established by this authorization.
c. Debt service on the projects contained in this Item shall be provided from appropriations to the Treasury Board.  The appropriations for said capital projects are contained in this Item.
2. There is hereby appropriated $107,875,737 the second year from bond proceeds of the Virginia Public Building Authority to provide funds for the Commonwealth’s share of the design and installation of nutrient removal technology at publicly owned wastewater treatment projects pursuant to § 10.1-2128, et seq., Code of Virginia, that have signed Water Quality Improvement Grant agreements with the Department of Environmental Quality pursuant to § 10.1-2130, Code of Virginia.”

Explanation
(This amendment provides bond financing through the Virginia Public Building Authority in the second year for commitments the Commonwealth has previously made for the state share of biological nutrient removal technologies at publicly owned wastewater treatment plants, which are already under construction. The Department of Environmental Quality (DEQ) has signed grant agreements to reimburse local governments and regional authorities for the state's share of the costs of these upgrades necessary to meet water quality goals. The amount of funding is based on DEQ's most recent schedule of when projects will be completed and qualify for state reimbursement.)