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2008 Session

Budget Bill - HB30 (Chapter 879)

9(D) Revenue Bonds

Item C-181.10

Item C-181.10

First Year - FY2009Second Year - FY2010
Supplant Capital Project - VPBA (17643)$10,700,000$0
Fund Sources:  
Bond ProceedsFY2009 $10,700,000FY2010 $0

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


2. This paragraph shall constitute the authority for the Virginia Public Building Authority to finance capital projects contained in Item C-326.30 of HB 29 as enacted by the 2008 Session of the General Assembly as well as the following capital projects listed in this Item through the issuance of revenue bonds in aggregate principal amounts not to exceed $125,000,000, plus amounts to fund related issuance costs, reserve funds, and other financing expenses, in accordance with § 2.2-2263 of the Code of Virginia.  The Director, Department of Planning and Budget, shall provide the Chairman of the Virginia Public Building Authority with the specific projects as well as the amounts for those projects to be financed within the dollar limit established by this authorization.


3. The Director, Department of Planning and Budget, shall restore from proceeds of bonds authorized for issuance by the Virginia Public Building Authority pursuant to § 2.2-2263 of the Code of Virginia, an amount equivalent to the general fund appropriation reverted from the following capital projects listed in the table below by agency, fund code, and project code:


 


Agency Code

Project Code

Fund Code

194

17091

0100

194

17490

 0100

199

16937

0100

425

17209

0100

702

17231

0100

720

17140

0100

777

17179

0100

799

16110

0100

799

16113

0100


 


4. The Director, Department of Planning and Budget, shall restore from proceeds of bonds authorized for issuance by the Virginia Public Building Authority pursuant to § 2.2-2263 of the Code of Virginia, an amount equivalent to the general fund appropriation reverted from the capital projects contained in Item C-326.30 of HB 29 as enacted by the 2008 Session of the General Assembly.


5. The appropriations for the capital projects contained in this Item and in Item C-326.30 of HB 29, as enacted by the 2008 Session of the General Assembly, are subject to paragraph F. of § 2-0 of this act.