Water Quality Bonds

Item C-39.40 #2h

Language
Page 473, after line 3, 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 Public Building Authority pursuant to § 2.2-2263, Code of Virginia. The aggregate principle amounts will not exceed $200,000,000 plus amounts to fund related issuance costs, and other financing expenses, in accordance with § 2.2-2263 of the Code of Virginia.
2. The appropriations for said capital projects are contained in this item and are subject to the conditions in § 2-0 F of this act.
3. Agencies and institutions shall submit cash flows requirements for each project to the Director, Department of Planning and Budget and the Director, Department of General Services.  The cash flows shall indicate quarterly cash needs to the projects completion.
4. Beginning July 1, 2013, the Director, Department of Planning and Budget and the Director, Department of General Services shall provide a quarterly progress report to the Chairmen of the House Appropriations and Senate Finance Committees on the projects in this item.
B.