2018 Special Session I

Budget Bill - HB5002 (HB5002S1)

Central Capital Outlay

Item C-43

Item C-43

First Year - FY2019Second Year - FY2020
Central Reserve for Capital Equipment Funding (17954)$59,997,000$0
Fund Sources:  
Bond ProceedsFY2019 $59,997,000FY2020 $0

A. 1. The capital projects in paragraph B. of this Item are hereby authorized and may be financed in whole or part through bonds of the Virginia College Building Authority, pursuant to § 23.1-1200 et seq., Code of Virginia, or the Virginia Public Building Authority, pursuant to § 2.2-2260, Code of Virginia. Bonds of the Virginia College Building Authority issued to finance these projects may be sold and issued under the 21st Century College Program at the same time with other obligations of the Authority as separate issues or as a combined issue. The aggregrate principal amount shall not exceed $59,997,000 plus amounts 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 costs.

2. From the list of projects included in paragraph B of this Item, the Director, Department of Planning and Budget, shall provide the Chairmen of the Virginia College Building Authority and the Virginia Public Building Authority with the specific projects, as well as the amounts for these projects, to be financed by each authority within the dollar limit established by this authorization.

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

B. There is hereby appropriated $59,997,000 in the first year from bond proceeds of the Virginia College Building Authority or the Virginia Public Building Authority to provide funds for equipment for the following projects for which construction was previously provided.

Agency Name/Project Title

University of Virginia (207)

Renovate Gilmer Hall and Chemistry Building (18082)

Renovate Space for the Center for Human Therapeutics (18291)

Virginia Tech (208)

VT Carilion Research Institute Biosciences Addition (18269)

Longwood University (214)

Construct New Academic Building (18084)

University of Mary Washington (215)

Construct Jepson Science Center Addition (18367)

James Madison University (216)

Construct New College of Business (18273)

Renovate Wilson Hall (18274)

Radford University (217)

Renovate Curie and Reed Halls (18275)

School for the Deaf and Blind (218)

Renovate Bradford Hall (18276)

Virginia Commonwealth University (236)

Construct School of Allied Health Professions Building (18206)

Christoper Newport University (242)

New Library, Phase II (18074)

Virginia Community College System (260)

Construct Bioscience Building, Blue Ridge (18078)

Construct Academic Building, Fauquier Campus, Lord Fairfax (18161)

Department of Behavioral Health and Developmental Services (720)

Expand Western State Hospital (18210)