Item C-56 | First Year - FY2025 | Second Year - FY2026 |
|---|
|
|
| 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 $75,010,140 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 | |
| Renovate, Repair, and Upgrade State-Operated Facilities | 18731 | C-24 | $20,000,000 | |
| Department of Corrections (799) | | | | |
| DOC Capital Infrastructure Fund | 18480 | C-32 | $7,669,280 | |
| Department of Conservation and Recreation (199) | | | | |
| Replace Underground Storage Tanks- Phase 1 | 18673 | C-27 | $3,000,000 | |
| Natural Tunnel State Park Renovations | 18742 | C-29.10 | $4,000,000 | |
| Construct New Facilities and Trails at Widewater State Park | 18743 | C-29.20 | $10,000,000 | |
| Department of Wildlife Resources | | | | |
| Repair and Upgrade Lake Shenandoah Dam | 18744 | C-30.10 | $3,000,000 | |
| Department of Military Affairs (123) | | | | |
| Improve Readiness Centers | 18369 | C-41 | $3,000,000 | |
| Total VPBA Bonds | | | $75,010,140 | |