2022 Special Session I

Budget Amendments - HB30 (Conference Report)

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General Conditions (language only)

Item C-0 #1c

Item C-0 #1c

General Conditions
General Conditions


Page 524, strike lines 36 through 37 and insert:

“The following authorizations to construct, purchase, lease or exchange a capital asset by means of an alternative financing mechanism, such as the Public Private Education Infrastructure Act, or similar statutory authority, are continued until revoked.  Projects in this section shall be consistent with the guidelines of the Department of General Services and comply with Treasury Board Guidelines issued pursuant to § 23.1-1106 C.1.d, Code of Virginia.  Further, projects in this section shall be submitted for comment to the Six-Year Capital Outlay Plan Advisory Committee, established under § 2.2-1516, Code of Virginia.”

Page 527, after line 36, insert:

"10. Richard Bland College

a. Subject to the provisions of this act, the General Assembly authorizes Richard Bland College to enter into a ground lease, of 186 acres adjacent to the main campus, with a Foundation of the College, which may include the Richard Bland College Foundation, for the purpose of economic development or the development of campus-needed facilities, including but not limited to office, student services, auxiliary activities, athletics, and residential housing.

b. Richard Bland College is further authorized to enter into written agreements with a Foundation of the College to support facilities development. The support may include agreements to: (i) manage the operation and maintenance of the developed facilities, including collection of rental fees for occupied College-owned real estate; (ii) restrict construction of competing projects; (iii) seek to obtain police power over the facilities as provided by law; and (iv) otherwise support the facilities consistent with law, provided that the College shall not be required to take any action that would constitute a breach of the College's obligations under any documents or other instruments constituting or securing bonds or other indebtedness of the College or the Commonwealth of Virginia."

Page 529, strike lines 26 and 27.


(This amendment clarifies requirements for projects using alternative financing mechanisms and authorizes Richard Bland College to enter into a ground lease and other written agreements with a Foundation of the College to support facilities development and expand the size of the main campus. In addition, the amendment removes the proposed material cost volatility pool from the list of capital pools cited in general conditions. A separate amendment to the fiscal year 2022 budget eliminates the proposed material volatility pool and establishes the 2022 Capital Supplement Pool.)