Item C-13 | First Year - FY2019 | Second Year - FY2020 |
|---|
|
|
| Improvements: Renovate Gilmer Hall and Chemistry Building (18082) | $31,441,000 | $0
$10,200,000 |
| Fund Sources: | | |
| Bond Proceeds | FY2019 $31,441,000 | FY2020 $0
$10,200,000 |
A. The Virginia College Building Authority, pursuant to § 23.1-1200 et seq., Code of Virginia, is authorized to issue bonds in a principal amount not to exceed $7,600,000 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 project for which the appropriation in this item is provided.
B. Debt service on bonds issued under the authorization in this item shall be provided from appropriations to the Treasury Board.