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2009 Session

Budget Bill - SB850 (Introduced)

9(D) Revenue Bonds

Item C-182.10

Item C-182.10

First Year - FY2009Second Year - FY2010
Reversion Clearing Account: Supplant Capital Projects - VCBA (17644)$44,300,000$0
$92,359,062
Fund Sources:  
GeneralFY2009 -$195,000,000FY2010 $0
Bond ProceedsFY2009 $44,300,000
$239,300,000
FY2010 $0
$92,359,062

A.1. This Item paragraph shall constitute the authority for the Virginia College Building Authority to finance the 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 paragraph through the issuance of bonds pursuant to § 23-30.24 et seq. Code of Virginia in aggregate principal amounts not to exceed $230,000,000 $222,935,000.  The Director, Department of Planning and Budget, shall provide the Chairman of the Virginia College 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.


2. The Director, Department of Planning and Budget, shall restore from proceeds of bonds authorized for issuance by the Virginia College Building Authority pursuant to § 23-30.24 et seq. 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

204

17189

0100

208

16713

0100

208

16792

0100

208

16793

0100

208

17424

0100

208

17494

0100

211

17119

0100

212

16798

0100

212

17306

0100

214

16301

0100

214

16802

0100

214

17017

0100

214

17317

0100

214

17323

0100

215

17325

0100

216

16808

0100

216

16809

0100

217

16813

0100

221

17339

0100

236

16403

0100

236

16825

0100

236

17452

0100

242

16774

0100

246

17362

0100

246

17451

0100

260

16178

0100

260

16501

0100

260

16614

0100

260

16718

0100

260

16837

0100

260

16841

0100

260

16850

0100

268

17489

0100


3.  The Director, Department of Planning and Budget, shall restore from proceeds of bonds authorized for issuance by the Virginia College Building Authority pursuant to § 23.20.24 et seq. 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.


4. Debt service on the projects contained in this Item shall be provided from appropriations to the Treasury Board.


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.


B.1. In the first year, the Director, Department of Planning and Budget, shall transfer general fund amounts estimated at $195,000,000 to this Item from the projects listed in this paragraph.  The Director, Department of Planning and Budget, may direct the restoration of any portion of the transferred amount if the director shall subsequently verify an unpaid obligation cannot be paid as a result of this transfer.  


2. The Virginia College Building Authority is authorized to finance the capital projects listed in this paragraph through the issuance of bonds pursuant to § 23-30.24 et seq. Code of Virginia in the aggregate principal amounts not to exceed $195,000,000.  The Director, Department of Planning and Budget, shall provide the Chairman of the Virginia College 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. In the first year, the Director, Department of Planning and Budget, shall restore from proceeds of bonds authorized for issuance by the Virginia College Building Authority pursuant to § 23-30.24 et seq. Code of Virginia, an amount equivalent to the general fund appropriation reverted from the following capital projects listed in the table below by agency and project code:


Agency Code

 Project Code

204

17189

204

17278

207

16283

207

16788

207

17476

208

16713

208

16793

208

16795

208

17291

208

17424

208

17494

208

17510

211

16797

211

17119

211

17303

212

16767

212

16798

212

17207

212

17305

212

17306

212

17415

212

17416

213

17480

214

16301

214

16770

214

16802

214

17017

214

17317

214

17448

214

17449

215

16594

215

16771

215

16803

215

17325

215

17326

215

17482

215

17493

216

16806

216

16808

216

16809

217

16813

217

16814

217

16815

217

16865

221

16817

221

16818

221

16820

221

16821

221

17339

221

17340

236

16403

236

16721

236

16823

236

16825

236

17452

242

16774

242

16828

242

17484

246

16830

247

16523

247

17365

247

17486

247

17487

260

16178

260

16267

260

16273

260

16611

260

16614

260

16614

260

16718

260

16836

260

16837

260

16838

260

16841

260

16843

260

16849

260

16850

260

16851

260

16860

260

16862

260

17116

260

17118

260

17167

260

17375

260

17380

260

17380

260

17383

260

17385

260

17385

260

17386

260

17387

260

17388

260

17488

268

16522

268

17447

268

17489


4. Debt service on the projects contained in this paragraph shall be provided from appropriations to the Treasury Board.


5. The appropriations for the capital projects contained in this paragraph are subject to paragraph F. of § 2-0 of this act.


C.1. The Virginia College Building Authority is authorized to finance the capital projects listed in this Paragraph through the issuance of bonds pursuant to § 23-30.24 et seq. Code of Virginia in the aggregate principal amounts not to exceed $92,359,062.  The Director, Department of Planning and Budget, shall provide the Chairman of the Virginia College 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.


2. In the second year, the Director, Department of Planning and Budget, shall restore from proceeds of bonds authorized for issuance by the Virginia College Building Authority pursuant to § 23-30.24 et seq. Code of Virginia, an amount equivalent to the general fund appropriation reverted from the following capital projects listed in the table below by agency and project code:


Agency Code

 Project Code

204

16784

208

16758

208

17291

209

17155

215

16803

216

16806

216

16807

242

16828

247

16523

247

16607

247

16745

247

16832

247

17365

260

16836

260

17167


3. Debt service on the projects contained in this paragraph shall be provided from appropriations to the Treasury Board.


4. The appropriations for the capital projects contained in this paragraph are subject to paragraph F. of § 2-0 of this act.