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2000 SESSION

008622208
SENATE BILL NO. 32
Offered January 12, 2000
Prefiled December 17, 1999
A BILL to provide for certain projects to be financed by the Virginia Public Building Authority.
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Patrons-- Walker and Chichester
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Referred to Committee on Finance
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Be it enacted by the General Assembly of Virginia:

1. § 1. That pursuant to § 2.1-234.13 of the Code of Virginia, the General Assembly hereby authorizes the Virginia Public Building Authority to undertake projects consisting of the renovation, improvement, and furnishing of three public facilities located on state or Authority-owned property in the City of Richmond as follows: 

        Facility                                     Principal Amount

                                                        of Project

General Assembly Building renovations                   $3,453,000

Finance Building renovations                           $14,119,000

Virginia Museum of Fine Arts improvements              $11,282,000

   including parking facilities

§ 2. The Virginia Public Building Authority is also authorized to exercise any and all powers granted to it by law in connection therewith, including the power to finance the cost thereof by the issuance of revenue bonds not to exceed the principal amount set forth plus amounts needed to fund issuance costs, reserve funds, interest prior to or during improvement and for up to one year after completion of the improvement, and other financing expenses.