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2008 Session

Budget Bill - HB29 (Introduced)

Virginia Community College System

Item C-173

Item C-173 (Not set out)

First Year - FY2007Second Year - FY2008
Improvements: Supplemental Funding for Previously Authorized Capital Projects (17167)$59,158,000$0
Fund Sources:  
GeneralFY2007 $59,158,000FY2008 $0

A.  Funds provided in this Item shall be transferred to previously authorized capital projects to cover increased costs resulting from changes in prices for materials and construction.  Prior to transferring funds to any capital project, the Chancellor shall ensure that efforts have been made to secure supplemental funding from other sources, and to reduce the total scope and cost of the project to the extent practical while maintaining the programmatic intent of the project.  A similar supplemental appropriation was authorized in Chapter 951, 2005 Acts of Assembly.  Total supplemental funding provided is $84,158,000.


B. Cost overrun capital project amounts are provided based on the following estimates:


 

Cost Overrun

Description

Estimate

NVCC - Annandale Science Building

9,680,000

NVCC - Annandale CG/CF Renovation-Major Mech.

3,357,000

Maintenance Building, Various Colleges

3,477,200

Patrick Henry - LRC and West Hall Renovation

1,360,700

SWVCC - Learning Resources Center

6,200,000

TCC - Tech/Workforce Development Center - Auto

3,553,000

JTCC - Renovate Instructional Labs

1,927,500

TNCC - Historic Triangle Campus

8,500,000

TCC - Portsmouth Campus Relocation

13,617,900

TNCC Post ISS Renovation

4,130,490

Piedmont - Science & Technology Building

1,380,000

DSLCC Renovation

1,050,210

TNCC - Exterior Doors and Windows

924,000

Grand Total

59,158,000