Item C-68 | First Year - FY2021 | Second Year - FY2022 |
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| 2020 VCBA Capital Construction Pool (18494) | $701,261,508 | $0 |
| Fund Sources: | | |
| Bond Proceeds | FY2021 $701,261,508 | FY2022 $0 |
A. 1. The capital projects in paragraph C. of this Item are hereby authorized and may be financed in whole or in part through bonds of the Virginia College Building Authority pursuant to § 23.1-1200 et seq., Code of Virginia, in a principal amount not to exceed $701,261,508 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, in accordance with § 2.2-2263, 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.
2. From the list of projects included in paragraph C. of this Item, the Director, Department of Planning and Budget, shall provide to the Chairmen of the Virginia College Building Authority with the specific projects, as well as the amounts for these projects, to be financed by the 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 the Treasury Board.
4. The appropriations for the capital projects in this Item are subject to the conditions in § 2-0 F. of this act.
B. In addition to the appropriation and bond authorization authorized by this Item, the Director, Department of Planning and Budget, shall transfer unutilized Virginia College Building Authority (VCBA) bond authorization and appropriation from the projects listed below, in the amounts shown, to this project for funding the projects listed in paragraph C:
Agency No. | Project No. | Initial Authorization | Amount | |
214 | 17317 | Item C-72, Chapter 3, 2006 Acts of Assembly, Special Session I | $5,164,799.00 | |
216 | 18173 | Item C-8.30, Chapter 665, 2015 Acts of Assembly | $436,965.00 | |
951 | 15867 | Item C-7.10, Chapter 912, 1996 Acts of Assembly | $2,068,306.00 | |
951 | 17644 | Item C-182.10, Chapter 879, 2008 Acts of Assembly | $624,422.00 | |
C. There is hereby appropriated $701,261,508 the first year from bond proceeds of the Virginia College Building Authority to provide funds for the construction and other capital costs of the following projects:
Agency | Agency Title | Project Title |
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204 | The College of William and Mary | Replace Swem Library Windows |
207 | University of Virginia | Renovate Physics Building (18330) |
211 | Virginia Military Institute | Improvements to Post Wide Safety and Security Phase 1 |
211 | Virginia Military Institute | Renovate and Expand Engineering and Laboratory Facilities |
212 | Virginia State University | Demolish/Replace Daniel Gym and Demolish Harris Hall, Phase I (18333) |
212 | Virginia State University | Construct Admissions Building |
212 | Virginia State University | Waterproof Campus Buildings |
213 | Norfolk State University | Science Building Replacement (18385) |
213 | Norfolk State University | Replace Physical Plant Building |
214 | Longwood University | Renovate / Expand Environmental Health & Safety and Facilities Annex Building (18384) |
217 | Radford University | Renovation / Construction Center of Adaptive Innovation and Creativity (CAIC) (18386) |
221 | Old Dominion University | Construct Health Sciences Building (18335) |
241 | Richard Bland College | Construct Center for Innovation and Educational Development (18337) |
242 | Christopher Newport University | Improvements - Infrastructure Repairs |
246 | University of Virginia's College at Wise | Renovate/Convert Wyllie Library (18338) |
247 | George Mason University | Expand Central Plant Capacity |
260 | Virginia Community College System | Renovate Godwin Building, Annandale Campus, Northern Virginia (18087) |
260 | Virginia Community College System | Replace Diggs/Moore/Harrison Complex, Hampton, Thomas Nelson (18341) |
260 | Virginia Community College System | Construct Advanced Technical Training Center, Piedmont Virginia (18343) |
948 | Southwest Virginia Higher Education Center | Replace Windows |