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2018 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Newman
Report on Bond Defeasance Costs of State Training Centers (language only)

Item 310 #5s

Item 310 #5s

Health and Human Resources
Department of Behavioral Health and Developmental Services

Language

Page 288, after line 25, insert:

"R.  The Department of Behavioral Health and Developmental Sciences in conjunction with the Department of the Treasury shall report on the bond defeasance costs related to the future closure of the Southwest Virginia Training Center and the Central Virginia Training Center. The report shall indicate the bond defeasance costs for the date of the planned facility closure and the balance each year thereafter until such time as all bonds would be repaid on those facilities.  The department shall submit the report to the Chairmen of the House Appropriations and Senate Finance Committees by September 1, 2018."



Explanation

(This amendment directs the Behavioral Health and Developmental Sciences in conjunction with the Department of the Treasury to report on the bond defeasance costs related to the future closure of the Southwest Virginia Training Center and the Central Virginia Training Center. The report shall indicate the bond defeasance costs for the date of the planned facility closure and the balance each year thereafter until such time as all bonds will be repaid on those facilities.)