Item C-56 | First Year - FY2025 | Second Year - FY2026 |
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| Authorize Bonds for the Virginia Public Building Authority (18736) | $0 | $0 |
A. The Virginia Public 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 $50,440,860 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 C. of this Item.
B. Debt service on bonds issued under the authorization in this Item shall be provided from appropriations to the Treasury Board.
C. The appropriations for the following authorized projects are contained in the appropriation Items listed:
Agency Name/Project Title | Project Code | Item | VPBA Bonds | |
Department of Behavioral Health and Developmental Services (720) | | | | |
Improve safety and security at Eastern State Hospital | 18680 | C-23 | $24,340,860 | |
Department of Conservation and Recreation (199) | | | | |
Replace Underground Storage Tanks - Phase I | 18673 | C-27 | $3,000,000 | |
Address climate control in state park yurts | 18732 | C-28 | $1,600,000 | |
Protect and expand Buffalo Mountain Natural Area Preserve | 18733 | C-29 | $3,500,000 | |
Department of Corrections (799) | | | | |
DOC Capital Infrastructure Fund | 18480 | C-32 | $15,000,000 | |
Department of Military Affairs (123) | | | | |
Improve Readiness Centers | 18369 | C-41 | $3,000,000 | |
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Total VPBA Bonds | | | $50,440,860 | |