A. 1. The capital projects in paragraph  B. and those approved in accordance with the provisions of paragraph D. 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 $337,197,856 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 and those approved in accordance with the provisions of paragraph D. 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.

C. The Department of General Services, with the cooperation and support of the Workers' Compensation Commission, is hereby directed to manage acquisition or to construct a new headquarters facility for the commission out of such funds as are appropriated for such purposes. If construction is the most suitable alternative, the department shall undertake design and construction of the facility as well as acquisition of any land required for such construction. Upon completion of the new facility, the department shall sell the existing headquarters facility located at 1000 DMV Drive in Richmond, Virginia after first considering needs of the Commonwealth and other state departments, agencies and institutions.

D. Included in the appropriation for this Item is $262,829,000 the second year from bond proceeds for construction funding for projects listed in paragraphs A., B., and C. of Item C-39.05 of this act that meet the following criteria:

1. Detailed planning has been completed;

2. Projected construction cash needs for the project have been submitted to the Director, Department of Planning and Budget, indicating the quarterly cash needs from the signing of the construction contract until its completion;

3. The Six-Year Capital Outlay Plan Advisory Committee has reviewed the construction cost for the project and found it to be consistent with the recommendation of the Department of General Services and the other provisions of this paragraph and has authorized the project  to advance to the construction stage; and

4. Sufficient bond authority is available to meet current cash needs as certified by the Secretary of Finance.