Capital Project Pool

Item C-38.10 #1c

Language
Page 382, after line 10, insert:
"A.1. The capital projects in paragraph B. of this item are hereby authorized and may be financed in whole or in part through bonds of the Virginia College Building Authority pursuant to § 23-30.24 et seq., Code of Virginia, or the Virginia Public Building Authority pursuant to § 2.2-2263, Code of Virginia. Bonds of the Virginia College Building Authority issued to finance these projects may be sold and issued under the 21st Century College Program at the same time with other obligations of the Authority as separate issues or as a combined issue. The aggregate principle amounts will not exceed $73,368,856 plus amounts to fund related issuance costs, and other financing expenses, in accordance with § 2.2-2263 of the Code of Virginia.
2. From the list of projects included in paragraph B of this item, the Director of the Department of Planning and Budget shall provide the Chairmen of the Virginia College Building Authority and the Virginia Public Building Authority with the specific projects, as well as the amounts for these projects, to be financed by each authority within the dollar limit established by this authorization.
3. Debt service on the projects contained in this item shall be provided from appropriations to the Treasury Board.
4. The appropriations for said capital projects are contained in this item and are subject to the conditions in § 2-0 F of this act.
B. The General Assembly hereby appropriates $19,500,000 from the general fund and $10,285,200 from nongeneral fund sources in the first year for the projects listed in this section.