Item C-50.05 (Not set out) | First Year - FY2011 | Second Year - FY2012 |
|---|
|
|
| Improvements: Renovate the Rotunda (17915) | $0 | $4,690,000 |
| Fund Sources: | | |
| Higher Education Operating | FY2011 $0 | FY2012 $2,000,000 |
| Bond Proceeds | FY2011 $0 | FY2012 $2,690,000 |
This Item authorizes the capital project listed above to be financed pursuant to Article X, Section 9(d) of the Constitution of Virginia. This paragraph shall constitute the authority for the Virginia College Building Authority to finance the project by the issuance of revenue bonds in aggregate principal amounts not to exceed $2,690,000, plus amounts to fund related issuance costs, reserve funds, and other financing expenses, in accordance with § 2.2-2263 of the Code of Virginia.