Item C-51 | First Year - FY2025 | Second Year - FY2026 |
|---|---|---|
| 2024 State Agency Capital Account (18718) | $42,910,836 | $0 |
| Fund Sources: | ||
| Bond Proceeds | FY2025 $42,910,836 | FY2026 $0 |
A.1. The capital projects in paragraph B. 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 $42,910,836 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 Chairman 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.
B. There is hereby appropriated $42,910,836 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 subject to the pool process delineated in Section 2.2-1515 et. seq., Code of Virginia:
Agency Code | Agency Title | Project Title | |
425 | Jamestown-Yorktown Foundation | Replace Walkways and Improve Lighting | |
425 | Jamestown-Yorktown Foundation | Replace Roofs at Jamestown Settlement and Emerson Central Support Complex | |
720 | Department of Behavioral Health and Developmental Services | Address heating and hot water requirements at Hiram Davis Medical Center and Central State Hospital building 94 | |
777 | Department of Juvenile Justice | Renovate Bon Air Juvenile Correctional Center and Oak Ridge Juvenile Correctional Facility |
C. In addition to the appropriation authorized in this Item, the Director, Department of Planning and Budget, shall transfer unutilized Virginia Public Building Authority bond authorization and appropriation in the amount of $2,597,352 from the Department of Corrections "Equip Correctional Center in Culpeper County" project 799-18136, as authorized in Item C-26.10, Chapter 2, 2014 Acts of Assembly, Special Session I, and amended by Item C-33, Chapter 780, 2016 Acts of Assembly, to this project in order to fund projects listed in paragraph B.