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2002 Session

Budget Bill - HB30 (Chapter 899)

Nongeneral Obligation Bonds 9(D)

Item C-154

Item C-154

A.1. This Item authorizes the capital projects listed below to be financed pursuant to Article X, Section 9 (d), Constitution of Virginia.


2. The appropriations for said capital projects are contained in the appropriation Items listed below and are subject to the conditions in § 2-0 F of this act.


3. The total amount listed in this Item includes $617,646,651 in bond proceeds and $27,922,000 in higher education operating funds.


Agency Name/

Item #

Project

Section

Higher

Total

Project Title

Code

9(d) Bonds

Education

Operating

Christopher Newport University

Expand Athletic Facilities

C-4

16520

$3,000,000

$0

$3,000,000

Construct Student Center

C-5

16706

$28,108,000

$0

$28,108,000

Construct Parking Deck I

C-6

16707

$8,400,000

$0

$8,400,000

Construct Residence Hall IV

C-6.10

16742

$23,000,000

$0

$23,000,000

College of William and Mary in Virginia

Construct New Dormitory

C-10

16691

$23,451,000

$0

$23,451,000

Renovate and expand Recreational Sports Center

C-11

16692

$9,150,000

$0

$9,150,000

George Mason University

Construct Academic II parking, Arlington Campus

C-13

16523

$6,650,000

$0

$6,650,000

Construct Academic IIIA parking, Prince William Campus

C-17

16708

$700,000

$0

$700,000

Construct Parking Deck II

C-18

16709

$15,000,000

$0

$15,000,000

Construct Fairfax Aquatic and Fitness Center Addition

C-19

16710

$5,327,000

$0

$5,327,000

Construct Shirley Gate, Athletic Field and Infrastructure

C-20

16711

$3,500,000

$1,000,000

$4,500,000

Construct Student Housing VI

C-20.10

16743

$27,655,000

$0

$27,655,000

Construct Fairfax Research I

C-20.20

16744

$9,190,500

$0

$9,190,500

James Madison University

Acquire Valley Hardware, Phase II

C-23

16702

$2,250,000

$0

$2,250,000

University of Virginia

Construct new arena and parking

C-36

16281

$111,000,000

$0

$111,000,000

Construct health sciences parking structure

C-40

16559

$10,800,000

$1,250,000

$12,050,000

Acquire School of Medicine research building

C-41

16562

$17,000,000

$0

$17,000,000

Construct Arts and Sciences parking structure

C-46

16693

$9,000,000

$0

$9,000,000

Acquire School of Engineering and Applied Science

C-47

16694

$9,000,000

$4,000,000

$13,000,000

Construct South Lawn Complex

C-47.50

16528

$9,000,000

$14,000,000

$23,000,000

University of Virginia Medical Center

Expand university hospital

C-48

16392

$54,000,000

$0

$54,000,000

Renovate Cancer Center

C-53.10

16751

$5,000,000

$0

$5,000,000

Acquire Fontaine Research Park Clinical Building

C-53.60

16756

$17,325,000

$0

$17,325,000

Virginia Commonwealth University

Construct addition to Massey Cancer Center

C-54

15277

$14,025,000

$0

$14,025,000

Construct Gladding Residence Hall

C-55

16338

$1,403,000

$0

$1,403,000

Construct academic campus parking deck IV

C-56

16578

$9,035,000

$2,000,000

$11,035,000

Construct academic campus housing II and parking

C-60

16704

$20,050,000

$0

$20,050,000

Construct academic campus housing III

C-59

16703

$17,150,000

$0

$17,150,000

Construct academic campus parking deck V

C-61

16705

$8,000,000

$0

$8,000,000

Construct Medical Sciences Building, Phase II

C-62

16721

$8,750,000

$0

$8,750,000

Construct central dining facility

C-63

16722

$12,508,000

$5,672,000

$18,180,000

Virginia Community College System

Construct parking deck, Annandale Campus, Northern Virginia

C-67

16712

$7,950,000

$0

$7,950,000

Virginia Military Institute

Renovate Lejeune Hall

C-69

16697

$2,850,000

$0

$2,850,000

Construct Cocke Hall Annex

C-70

16698

$2,171,000

$0

$2,171,000

Renovate Jackson Memorial Hall

C-71

16699

$2,928,000

$0

$2,928,000

Virginia Polytechnic Institute and State University

Expand Lane Stadium

C-73

16480

$56,800,000

$0

$56,800,000

Construct G. Burke Johnston Student Center Addition

C-78

16695

$6,250,000

$0

$6,250,000

Construct Parking Facilities and Improvements

C-79

16696

$13,000,000

$0

$13,000,000

Construct Biology Building

C-80

16713

$4,000,000

$0

$4,000,000

Construct New Engineering Facility, Phase I

C-81

16714

$17,000,000

$0

$17,000,000

Virginia State University

Rogers Stadium Improvements

C-84.10

16121

$6,270,151

$0

$6,270,151

TOTAL FOR NONGENERAL FUND OBLIGATION BONDS 9(D)

$617,646,651

$27,922,000

$645,568,651


B. Construction: Academic campus housing II and parking (16704)


1. The General Assembly authorizes Virginia Commonwealth University to enter into a written agreement with the Virginia Commonwealth University Real Estate Foundation (VCUREF) to develop a 450-bed student-housing complex at the corner of Broad and Belvidere Streets in Richmond, Virginia on property owned by the VCUREF. Interim financing for construction will be provided through a loan from the State Treasury. Permanent financing shall be provided by bonds issued for VCUREF by Virginia Commonwealth University or other appropriate issuer. The VCUREF shall assume responsibility for all construction costs and debt issuance expenses in excess of bond proceeds and shall reimburse the University for debt service on any bonds of the University issued to finance the facilities.


2. Virginia Commonwealth University also is authorized to enter into a written agreement with the VCUREF for the support of such student housing facilities by including the student housing facilities in the University's student housing inventory and managing the operation and maintenance of same, by assigning students to the facility in preference to other University facilities, by restricting construction of competing student housing projects and by otherwise supporting said student housing facilities consistent with law, provided that the University shall not be required to take any action that would constitute a breach of the University's obligations under any documents or other instruments constituting or securing bonds or other indebtedness of the University or the Commonwealth of Virginia. Such agreement may be in the form of an amendment to an existing agreement relating to existing student housing facilities owned by the VCUREF.


3. In consideration of the University’s support of such student housing facilities, the VCUREF shall agree to convey the property and improvements to the University after all debt for student housing owned or operated by VCUREF has been paid.


4. In the event the University elects not to pursue development of the project through the Virginia Commonwealth University Real Estate Foundation, the University is authorized to acquire the site at the corner of Broad and Belvidere Streets and develop the student housing and parking project as a state capital project financed through the issuance of 9(d) revenue bonds.


C. Construction: Academic campus housing III (16703)


1. The General Assembly authorizes Virginia Commonwealth University, with approval of the Governor, to explore and evaluate an alternative-financing scenario to provide the additional student housing. This project must be consistent with guidelines of the Department of General Services, and, the Treasury Board must approve any financing through the issuance of bonds or notes.


2. The General Assembly authorizes Virginia Commonwealth University to enter into a written agreement with a public or private entity to design, construct, and finance a facility or facilities to provide additional student housing. The facility or facilities may be located on property owned by the Commonwealth. Interim financing for construction will be provided through a loan from the State Treasury.


3. The General Assembly further authorizes Virginia Commonwealth University to enter into a written agreement with the Virginia Commonwealth University Real Estate Foundation (VCUREF) to construct one or more facilities to provide additional student housing, which may be on University land to be leased to said foundation for such purposes. Virginia Commonwealth University also is authorized to enter into a written agreement with said foundation for the support of such student housing facilities by including the student housing facilities in the University's student housing inventory and managing the operation and maintenance of same, by assigning students to the facility in preference to other University facilities, by restricting construction of competing student housing projects and by otherwise supporting said student housing facilities consistent with law, provided that the University shall not be required to take any action that would constitute a breach of the University's obligations under any documents or other instruments constituting or securing bonds or other indebtedness of the University or the Commonwealth of Virginia. Such agreement may be in the form of an amendment to an existing agreement relating to existing student housing facilities owned by the VCUREF.