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2017 Session

Budget Bill - HB1500 (Chapter 836)

Central Capital Outlay

Item C-52.40

Item C-52.40

First Year - FY2017Second Year - FY2018
Supplant Capital Projects (17631)$0$94,730,575
Fund Sources:  
Bond ProceedsFY2017 $0FY2018 $94,730,575

A. On or before June 30, 2018, the Director, Department of Planning and Budget, in collaboration with the Comptroller, shall revert general fund appropriations from the capital projects listed in paragraph D. of this Item in the amounts shown. The Director, Department of Planning and Budget, may direct the restoration of any portion of the reverted amount if the director shall subsequently verify an unpaid obligation cannot be paid as a result of this reversion.


B.The Virginia College Building Authority, pursuant to § 2.2-2260 et seq. of the Code of Virginia, is authorized to issue bonds in a principal amount not to exceed $94,730,575, plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during the acquisition or construction and for one year after completion thereof, and other financing expenses, to finance the capital costs of the projects described in paragraph D. of this Item.


C. Debt service on the bonds issued under the authorization provided in this Item shall be paid from appropriations to the Treasury Board.


D. 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 by paragraph B. of this Item an amount equivalent to the general fund appropriation reverted from the following projects:


Agency

Project Title/Number

Amount

Virginia Polytechnic Institute and State University (208)

Renovate or Renew Academic Buildings (18065)

$24,959,494

Longwood University (214)

Additional Biomass Boiler (18016)

$5,449,095

James Madison University (216)

Acquire East Campus Chiller Plant (18173)

$2,800,000

James Madison University (216)

Renovate/Addition Madison Hall

$15,741,438

Radford University (217)

Renovate Whitt Hall (18067)

$7,397,093

Virginia Cooperative Extension and Agricultural Experiment Station (229)

Improve Kentland Facilities (17830)

$7,936,259

Virginia Commonwealth University (236)

Renovate Raleigh Building (18071)

$7,010,583

Virginia Commonwealth University (236)

Renovate Sanger Hall, Phase II (18070)

$17,214,620

Virginia Community College System (260)

Renovate Engineering and Industrial Technology Building, Danville (18077)

$6,221,993

   

$94,730,575


E. On or before June 30, 2018, the Director, Department of Planning and Budget, shall revert general fund appropriations estimated at $33,790,000 from the capital projects in the agencies listed below to the general fund of the state treasury:


Agency/Project

Amount

Department of Corrections(799)

 

Equip Correctional Center in Culpeper County (18136)

$40,000

Central Capital Outlay (949)

 

Capital Outlay Project Pool (17967)

$19,500,000

Detail Planning for Capital Projects (17968)

$14,250,000

 

$33,790,000


F. On or before June 30, 2017, the State Comptroller shall transfer to the general fund $5,000,000 as appropriate from the following agency, fund, and project codes listed.


Agency Name/ (Code)

Fund

Project Code

Central Capital (949)

0965

17777

Central Capital (949)

0965

17968

Department of Conservation and Recreation (199)

0965

00000

Department of Conservation and Recreation (199)

0965

18159

Woodrow Wilson Workforce and Rehabilitation Center (203)

0965

18160

Virginia Community College System (260)

0965

17989

Department of Forensic Science (778)

0965

18167

Department of Juvenile Justice (777)

0965

17727

Department of Behavioral Health and Developmental Services (720)

0965

18166

Frontier Culture Museum (239)

0965

18073