2022 Special Session I

Budget Bill - HB29 (Chapter 1)

Central Capital Outlay

Item C-69.60

Item C-69.60

First Year - FY2021Second Year - FY2022
2022 Capital Supplement Pool (18646)$0$350,000,000
Fund Sources:  
GeneralFY2021 $0FY2022 $350,000,000

 A.1. Included in this item is $350,000,000 the second year from the general fund that is designated for project supplements to address shortfalls for projects that (i) were previously authorized to proceed to construction; (ii) have satisfied the requirements of § 2.2-1519 C. and E.2., Code of Virginia; and, (iii) have received a funding report from the Department of General Services prior to April 1, 2022. Specific project allocations for transfer from this item shall be based upon recommendations from the Department of General Services. A transfer authorized by this subsection may only be effectuated if (i) the Director of the Department of Planning and Budget provides notice of the amount and purpose of any such proposed transfer to the Six Year Capital Outlay Plan Advisory Committee; and, (ii) no member of the committee or their designee objects, in writing or via email, to the transfer within 14 days of receiving such notice. If an objection is received, the committee may discuss such proposed transfer at its next meeting and vote as to whether to recommend such transfer.

2. Projects that comply with paragraphs (i) and (ii) of paragraph A.1. of this item but have not received a funding report as of April 1, 2022, may, upon recommendation by the Department of General Services and approval by all members of Advisory Committee, receive a supplemental allocation from this item within the limits of the 105 percent cost threshold set forth in § 2.2-1519 E.1.

3. Supplemental amounts determined in accordance with paragraph A.1. and A.2. of this item shall be adjusted to match the proportion of a project's total cost supported by general fund as set forth in the funding letter.

4. After receiving funds from this item, projects shall comply with the provisions of paragraph K. of § 2.0 of this act.