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2022 Session

Budget Amendments - HB29 (Committee Approved)

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Increase Supplemental Project Pool

Item C-69 #1h

Item C-69 #1h

First Year - FY2021 Second Year - FY2022
Central Appropriations
Central Capital Outlay FY2021 $0 FY2022 $175,000,000 GF

Language
Page 292, line 35, strike "$80,000,000" and insert "$255,000,000".

Page 292, line 39, strike "$80,000,000" and insert "$255,000,000".

Page 292, line 38, strike "$228,950,000" and insert "$153,950,000".

Page 293, line 49, strike "$228,950,000" and insert "$153,950,000".

Page 293, line 26, before "6.", strike ". "

Page 293, line 28, before "7.", strike ". "

Page 293, after line 28, insert:

"B. Included in this item is funding for cost overruns for the following capital projects already authorized for construction. These cost overruns are authorized to be paid out in accordance with the proportional share as set out in the below table:

                              

Agency/Code

Project Code

% General Fund Share of Cost Overrun

Department of Forensic Science (194)

18167

100%

University of Virginia (207)

18331

85%

Virginia Polytechnic Institute and State University (208)

18412

61%

George Mason University (247)

18482

33%



Explanation

(This amendment provides $125,000,000 the second year from the general fund for the existing project supplement pool, bringing the total amount of available funding in the supplemental pool to $205,000,000. Of this additional funding, $75,000,000 is provided as a supplant of bond proceeds for project supplements originally authorized in this item in fiscal year 2021. Finally, this amendment designates specific projects already authorized for construction to receive supplemental funding from this pool in proportion to funding splits for these projects to date.)