Item C-67 | First Year - FY2021 | Second Year - FY2022 |
|---|---|---|
| 2020 VPBA Capital Construction Pool (18493) | $310,258,070 | $0 |
| Fund Sources: | ||
| Special | FY2021 $35,000,000 | FY2022 $0 |
| Dedicated Special Revenue | FY2021 $39,434,000 | FY2022 $0 |
| Federal Trust | FY2021 $17,015,317 | FY2022 $0 |
| Bond Proceeds | FY2021 $218,808,753 | FY2022 $0 |
A. 1. The capital projects in paragraph C. 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 § 2.2-2260 et seq., Code of Virginia, in a principal amount not to exceed $218,808,753 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, in accordance with § 2.2-2263, Code of Virginia.
2. From the list of projects included in paragraph B. of this Item, the Director, Department of Planning and Budget, shall provide to the Chairmen of the Virginia Public Building Authority with the specific projects, as well as the amounts for these projects, to be financed by the 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 the capital projects in this Item are subject to the conditions in § 2-0 F. of this act.
B. In addition to the appropriation and bond authorization authorized by this Item, the Director, Department of Planning and Budget, shall transfer unutilized Virginia Public Building Authority (VPBA) bond authorization and appropriation from the projects listed below, in the amounts shown, to this project for funding the projects listed in paragraph C:
Agency No. | Project No. | Initial Authorization | Amount | |
123 | 18310 | Item C-34.20, Chapter 836, 2017 Acts of Assembly | $1,144.25 | |
238 | 17582 | Item C-97, Chapter 879, 2008 Acts of Assembly | $80,776.76 | |
720 | 17457 | Item C-247.30, Chapter 3, 2006 Acts of Assembly, Special Session I | $453,642.53 | |
949 | 18049 | Item C-39.40 D.5., Chapter 806, 2013 Acts of Assembly | $5,000,000.00 |
C. There is hereby appropriated $218,808,753 the first year from bond proceeds of the Virginia Public Building Authority to provide funds for the construction and other capital costs of the following projects:
Agency | Agency Title | Project Title |
|---|---|---|
Code | ||
123 | Department of Military Affairs | Construct Roanoke Readiness Center and Combined Support Maintenance Shop (18325) |
146 | The Science Museum of Virginia | Construct Regional Science Center in Northern Virginia (18428) |
199 | Department of Conservation and Recreation | State Park Critical Bathhouse/Restroom Replacements and Renovations |
199 | Department of Conservation and Recreation | Westmoreland Road and Bank Stabilization |
202 | The Library of Virginia | Construct Addition to Current State Records Center Building & Repurpose Workspace in Facility |
238 | Virginia Museum of Fine Arts | Expand and Renovate Museum (18430) |
425 | Jamestown-Yorktown Foundation | Jamestown Settlement Pier (18383) |
702 | Department for the Blind and Vision Impaired | Renovate the Library and Resource Center |