Item C-8 | First Year - FY1999 | Second Year - FY2000 |
|---|
|
|
| Revenue Bonds 9(C) (15784) | $49,140,500
$51,554,500 | $0 |
| Fund Sources: | | |
| Higher Education Operating | FY1999 $2,414,000 | FY2000 $0 |
| Debt Service | FY1999 $49,140,500 | FY2000 $0 |
A.1. Authorization of projects to be financed pursuant to Article X, Section 9 (c), Constitution of Virginia.
2. The appropriations in this Item are subject to the conditions in § 2-0 H of this act.
3. The amount listed in Item C-8 totals $49,140,500 in bond proceeds and $2,414,000 in nongeneral funds.
| AGENCY NAME/PROJECT | PROJECT CODE | 9(C) BOND FUNDS | HIGHER EDUCATION OPERATING | TOTAL |
| UVA | | | | |
| Rugby Road Apartments | 16092 | $3,500,000 | | $3,500,000 |
| Observatory Hill Dining Hall | 16094 | $4,000,000 | | $4,000,000 |
| MWC | | | | |
| Residence Hall HVAC | 15980 | $1,500,000 | | $1,500,000 |
| Seacobeck Dining Hall Renovations | 16096 | $5,000,000 | | $5,000,000 |
| VCU | | | | |
| Residence Hall | 16093 | $12,381,000 | $2,414,000 | $12,381,000 |
| | | | | $14,795,000 |
| CVC | | | | |
| Residence Hall | 16151 | $4,500,000 | | $4,500,000 |
| VPI | | | | |
| Dining System HVAC/Chiller | 16095 | $2,098,000 | | $2,098,000 |
| LC | | | | |
| Residence Hall Improvements | 16215 | $2,800,000 | | $2,800,000 |
| VCCS | | | | |
| Parking Improvements, Mountain Empire | 16216 | $635,500 | | $635,500 |
| CNU | | | | |
| Residence Hall | 16217 | $12,726,000 | | $12,726,000 |
| TOTAL FOR REVENUE BONDS 9(C) | | $49,140,500 | $2,414,000 | $49,140,500 |
| | | | | $51,554,500 |
B. Bonds will not be issued to finance the Clinch Valley College residence hall project until the College has certified, through submission of a revised financial feasibility study, to the Departments of Planning and Budget and Treasury that housing fee increases will not exceed the rate of inflation as measured by the Consumer Price Index (CPI).
C. The source for the nongeneral fund appropriation for Virginia Commonwealth University's Residence Hall project is to be provided through private or other nongeneral funds that do not adversely impact student fees. Prior to the allotment of the nongeneral fund appropriation, Virginia Commonwealth University shall submit a financial plan that demonstrates the minimal impact on student fees to the Director of the Department of Planning and Budget.