Chief Patron: Krizek
Voting Equipment Debt Authorization
Item C-53.80 #2h
Item C-53.80 #2h | First Year - FY2025 | Second Year - FY2026 | |
| Central Appropriations |
| Central Capital Outlay | FY2025 $18,000,000 | FY2026 $0 | NGF |
Language
Page 640, after line 51, insert:
| "C-53.80 - - - - Capital Fund for Voting Equipment | $18,000,000 | $0 | |
| Fund Sources:
Bond Proceeds
|
$18,000,000
|
$0
" | |
"A.1. Out of this appropriation, $18,000,000 the first year from nongeneral fund bond proceeds is authorized for transfer to the Department of Elections to serve as matching funds to localities to assist with the replacement of voting equipment.
2. The Virginia Public Building Authority, pursuant to § 2.2-2260 et seq., Code of Virginia, is hereby authorized to issue bonds in a principal amount not to exceed $18,000,000 the first year plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during the acquisition of the equipment and for one year after completion thereof, and other financing expenses, in accordance with § 2.2-2263, Code of Virginia.
3. Debt service on the bonds issued under the authorization in this item shall be provided from appropriations to the Treasury Board."
Explanation
(This amendment provides $18.0 million the first year in bond proceeds for the Department of Elections to make one-time grants to localities to replace voting equipment. A companion amendment to the Department of Elections provides $100,000 general fund in the first year and language directing the department to form a workgroup to develop criteria for the allocation of these funds.)