2019 Session

Budget Amendments - HB1700 (Committee Approved)

View Budget Item
View Budget Item amendments

UVA - Gilmer Hall Supplement

Item C-13 #1h

Item C-13 #1h

First Year - FY2019 Second Year - FY2020
Education: Higher Education
University of Virginia FY2019 $0 FY2020 $10,200,000 NGF

Page 525, line 17, strike "$0" and insert "$10,200,000".

Page 525, after line 17, insert:

"1. The Virginia College Building Authority, pursuant to § 23.1-1200 et seq., Code of Virginia, is authorized to issue bonds in a principal amount not to exceed $7,600,000 plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during the acquisition or construction and for one year after completion thereof, and other financing expenses, to finance the capital costs of the project for which the appropriation in this item is provided.

2. Debt service on bonds issued under the authorization in this Item shall be provided from appropriations to the Treasury Board."


(This amendment provides $7.6 million in Virginia College Building Authority bonds and $2.6 million in nongeneral fund authority to supplement the Gilmer Hall project.)