loading…
loading…
loading…
_ 682 Item Details($) Appropriations($) ITEM C-49. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 7. Notwithstanding § 2.2-1519 E.1., Code of Virginia, funding in this Item shall be used to address a shortfall for the Science Museum of Virginia's Construct Regional Science Center in Northern Virginia project 146-18428, as authorized in Item C-21.75 of Chapter 854 of the 2019 Acts of Assembly and amended in Item C-67 of Chapter 1289 of the 2020 Acts of Assembly. C.1. A transfer authorized by this Item 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. Specific project allocations for transfer from this Item shall be based upon recommendations from the Department of General Services. 3. Supplemental amounts determined in accordance with paragraph B.1., B.2., and B.3., B.6., and B.7. 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 report, Appendix C commitment, Appropriation Act, or other authorizing legislation. 4. After receiving funds pursuant to paragraphs B.1., B.2., or B.3., B.6., or B.7. of this Item, projects shall comply with the provisions of paragraph K. of § 2.0 of this act. C-50. 2024 Public Educational Institution Capital Account (18717) $317,592,276 $0 Fund Sources: Higher Education Operating $222,285 $0 Bond Proceeds $317,369,991 $0 A.1. The capital projects in paragraph B. 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 $308,037,036 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. 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 B. of this Item, the Director, Department of Planning and Budget, shall provide to the Chairman 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. B. There is hereby appropriated $308,037,036 the first year from bond proceeds of the Virginia College Building Authority and $9,555,240 the first year from nongeneral fund resources, including amounts authorized from bonds pursuant to Article X, Section 9(d), Constitution of Virginia, as specified in Item C-59 of this act, to provide funds for the construction and other capital costs of the following projects subject to the pool process delineated in Section 2.2-1515 et. seq., Code of Virginia: Agency Code Agency Title Project Title 204 The College of William and Mary in Virginia Renovate Historic Campus (18678) 204 The College of William and Mary in Virginia Improve James Monroe's Highland 211 Virginia Military Replace Windows in