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2000 SESSION

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HB 435 Public Building Authority; acquis. of DOC headq. & renovation of GAB.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Virginia Public Building Authority; acquisition of Department of Correction's headquarters. Authorizes the Virginia Public Building Authority ("VPBA") to acquire the building, improvements, and appurtenant land currently being leased to the Commonwealth for the Department of Correction's headquarters located at 6900 Atmore Drive in the City of Richmond, and to issue revenue bonds to finance the project not to exceed $15 million. The bill also authorizes the VPBA to improve the General Assembly Building and to issue revenue bonds therefor not in excess of $3,953,000. The legislation finds that an emergency exists and that it is effective upon passage.

SUMMARY AS INTRODUCED:

Virginia Public Building Authority; acquisition of Department of Correction's headquarters. Authorizes the Virginia Public Building Authority ("VPBA") to acquire the building, improvements, and appurtenant land currently being leased to the Commonwealth for the Department of Correction's headquarters located at 6900 Atmore Drive in the City of Richmond. The VPBA is authorized to issue revenue bonds to finance the project, and the principal amount of the project is not to exceed $16,400,000.