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2005 SESSION

053077260
HOUSE BILL NO. 2048
Offered January 12, 2005
Prefiled January 11, 2005
A BILL to provide for certain projects to be financed by the Virginia Public Building Authority.
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Patrons-- Callahan, Amundson, Armstrong, Athey, Bryant, Frederick, Hurt, Janis, Keister, Landes, Marshall, D.W., Miles, Moran, O'Bannon, Plum, Purkey, Reese, Sherwood, Shuler and Sickles
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Referred to Committee on Appropriations
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Whereas the General Assembly finds that the financing of the museums and arts and cultural facilities in Virginia authorized herein are in the public interest of the Commonwealth and its citizens and will thereby provide a public benefit to the Commonwealth through enhancing the general welfare and quality of life of all Virginians, now, therefore,

Be it enacted by the General Assembly of Virginia:

1.  § 1. That pursuant to § 2.2-2264 of the Code of Virginia, the General Assembly hereby authorizes the Virginia Public Building Authority to undertake the construction, improvement, and furnishing of the following projects including, without limitation, constructing, improving, furnishing, maintaining, acquiring, and renovating buildings, facilities, improvements and land therefor; and to exercise any and all powers granted to it by law in connection therewith, including the power to finance all or any portion of the cost thereof by the issuance of revenue bonds in a principal amount not to exceed $85,625,000 plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during acquisition, construction or renovation and for one year after completion thereof, and other financing expenses.

Project...............................................Amount
George Mason University Performing Arts Center....$3,700,000
Virginia Museum of Natural History................$1,500,000
Art Museum of Western Virginia....................$9,800,000
The Barter Foundation.............................$5,000,000
Chrysler Museum...................................$2,000,000
Fredericksburg Area Museum and Cultural Center....$1,000,000
Marine Corps Heritage Foundation                  $2,000,000
Museum of the Shenandoah Valley...................$1,500,000
Paramount Theatre                                 $1,000,000
Shenandoah Valley Discovery Museum................$1,500,000
Staunton Performing Arts Center...................$1,500,000
USS Monitor Center at the Mariners Museum.........$5,000,000
Virginia Aquarium and Marine Science Center.......$1,000,000
Virginia Arts Festival............................$1,200,000
Virginia Beach Performing Arts Center.............$2,000,000
Virginia Living Museum............................$5,000,000
Virginia Performing Arts Foundation Facilities...$29,800,000
Woodrow Wilson Presidential Library...............$7,125,000
Wolf Trap Foundation for the Performing Arts......$4,000,000
Total............................................$85,625,000