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2008 SESSION

086015344
SENATE BILL NO. 795
FLOOR AMENDMENT IN THE NATURE OF A SUBSTITUTE
(Proposed by Senator Wampler
on February 14, 2008)
(Patron Prior to Substitute--Senator Colgan)
A Bill to amend and reenact § 2.2-1503.2 of the Code of Virginia relating to capital improvement planning and funding; authorizing for certain projects to be financed by the Virginia Public Building Authority with the principal amount of bonds issued for all such projects not to exceed $609,200,000; authorizing for certain projects to be financed by the Virginia College Building Authority with the principal amount of bonds issued for all such projects not to exceed $704,188,000; and authorizing the State Treasurer to advance treasury loans in an amount not to exceed the costs of planning for certain capital projects with the total amount of treasury loans advanced for the costs of planning of all such projects not to exceed $42,570,000.

Be it enacted by the General Assembly of Virginia:

1. That § 2.2-1503.2 of the Code of Virginia is amended and reenacted as follows:

§ 2.2-1503.2. Filing of six-year capital improvement plan by Governor.

A. For purposes of this section:

"Capital outlay project" means acquisition of real property (including buildings or plant) or machinery or equipment, new construction, and improvements related to state-owned real property, buildings, plant, machinery or equipment (including plans therefor). It shall include any improvements to real property leased for use by a state agency, and not owned by the Commonwealth, when such improvements are financed by public funds and become state property upon the expiration of the lease. Capital outlay projects do not include projects that have been included in the Commonwealth Transportation Board's Six-Year Improvement Program.

B. On or before November 1 of the year immediately prior to the beginning of each regular session of the General Assembly held in an even-numbered year, the Governor shall submit to the members of the General Assembly a six-year capital improvement plan. The plan shall include all capital outlay projects that the Governor deems necessary for the six fiscal years immediately following the current fiscal year. The Governor shall include such plan in the “Budget Bill” submitted pursuant to subsection A of § 2.2-1509, and the Governor shall amend such plan as appropriate or warranted in his gubernatorial amendments proposed to the general appropriation act pursuant to subsection E of such section. The plan shall:

1. Identify each capital outlay project;

2. Describe the scope and nature of the project;

3. Provide an estimate of the total cost of each project upon payment in full;

4. Detail, by fiscal year, the source or sources of funds recommended for each capital outlay project;

5. Explain the specific criteria or justification that was used in determining the fiscal year in which funds were allocated to projects; and

6. Include any other information as may be requested by the General Assembly.

Any capital outlay project that requires additional funds in excess of the latest estimate submitted to the General Assembly, shall be included in the six-year plan with an updated estimate of the total cost as provided herein.

C. The capital improvement plan shall include a list of capital outlay projects that would be funded in whole or in part from general funds for each of the succeeding fiscal years in an amount equal to at least two percent of the anticipated general fund revenues for the respective fiscal year, as such revenues are estimated pursuant to § 2.2-1503. The amount of general funds included in the capital improvement plan shall be in addition to any allocation to capital outlay projects from the Central Maintenance Reserve of the general appropriation act.

2.  § 1. That pursuant to §§ 2.2-2261, 2.2-2263 and 2.2-2264 of the Code of Virginia, the General Assembly hereby authorizes the Virginia Public Building Authority to finance, without limitation, the acquisition, construction, renovation, improvement, furnishing, and equipping of the following projects:

Agency                       Project Description                Amount
Department of Mental Health, Replace Southeastern Virginia
 Mental Retardation and       Training Center
 Substance Abuse Services                                    $ 31,600,000
Department of Mental Health, Replace Central Virginia
 Mental Retardation and       Training Center
 Substance Abuse Services                                    $ 40,600,000
Department of Mental Health, Replace Western State
 Mental Retardation and       Hospital, Phase I
 Substance Abuse Services                                   $ 111,800,000
Department of Conservation   Construction, High Bridge
 and Recreation                 State Park                 $ 10,300,000
Department of Conservation   Construction, Powhatan State
 and Recreation                 State Park                 $ 14,900,000
Grand Total                                                 $ 209,200,000

§ 2. In addition to the authority granted under § 1 and pursuant to §§ 2.2-2261, 2.2-2263 and 2.2-2264 of the Code of Virginia, the General Assembly hereby authorizes the Virginia Public Building Authority to finance, without limitation, the acquisition, construction, renovation, improvement, furnishing, and equipping of certain capital projects for which an appropriation of general funds was provided under Chapter 847 of the 2007 Acts of Assembly to finance such projects. The Virginia Public Authority is authorized to finance such capital projects that as of June 30, 2008, have a balance of general funds appropriated pursuant to Chapter 847 that have not been expended. In no case shall the total amount of bonds issued by the Authority pursuant to this section exceed a principal amount of $400,000,000. By no later than September 1, 2008, the Governor shall provide a certification to the Authority that lists such capital projects that are to be financed by the Authority pursuant to this section. For purposes of the development of such list, the Department of Planning and Budget and the State Treasurer shall determine the capital projects for which an appropriation of general funds was provided under Chapter 847 of the 2007 Acts of Assembly to finance such projects and that have a balance of such general funds that has not been expended as of June 30, 2008.  

§ 3. The Virginia Public Building Authority is authorized to exercise any and all powers granted to it by law in connection with the foregoing projects described in §§ 1 and 2, including the power to finance the cost of the above projects by the issuance of revenue bonds from time to time in a principal amount not to exceed $609,200,000 plus amounts needed to fund issuance costs, reserve funds, original issue discount, other financing expenses, and interest prior to or during acquisition, construction, renovation, improvement, furnishing or equipping for up to one year after completion of each such project.

§ 4. The general conditions and general provisions of the general appropriation act enacted pursuant to Chapter 15 (§ 2.2-1500 et seq.) of Title 2.2 of the Code of Virginia, in effect from time to time, and all of the terms and conditions contained therein shall apply to the capital projects described in §§ 1 and 2.

3.  § 1. That pursuant to § 23-30.28 of the Code of Virginia, the General Assembly hereby authorizes the Virginia College Building Authority to undertake the following projects including, without limitation, constructing, improving, furnishing, maintaining, acquiring, and renovating buildings, facilities, improvements, and land therefor; to exercise any and all powers granted to it by law in connection therewith, including the power to lease such projects to institutions of higher education of the Commonwealth; and to finance all or any portion of the cost thereof by the issuance of revenue bonds in a principal amount not to exceed $704,188,000 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.

The Authority may pay all or any part of the cost of any project hereinafter listed or authorized or any portion thereof with any income and reserve funds of the Authority available for such purpose, and in such case may transfer such funds of the Authority, with the approval of the Governor.

Agency                       Project Description                Amount
The College of William       Construct a new school of
 and Mary                     education                      $ 38,085,000
George Mason University      Acamdemic VI and Research II                                                      Infrastructure               $  5,000,000
George Mason University      Construct Acadmemic VI and
                              Research II                  $  5,500,000
George Mason University      Construct Academic V            $  5,900,000
George Mason University      Construct Arlington II          $  8,600,000
James Madision University    Acquire Rockingham Memorial
                              Hall                           $  8,600,000
James Madison University     Renovate West Wing Hospital     $ 51,500,000
Longwood University          Construct Bedford Wygal
                              Connector                      $  1,900,000
Longwood University          Construct Jarman Hall           $  1,500,000
Longwood University          Renovate and Expand Bedford 
                              Hall                           $ 32,000,000
Norfolk State University     Construct a new library and
                              demolition                     $ 45,100,000  
Old Dominion University      Renovate Hughes Hall            $  1,300,000
Old Dominion University      Construct New Student Success
                              Center                         $ 11,131,000
Radford University           Construct New College of
                              Business and Economics
                              Building                       $ 34,700,000
University of Mary           Construct Dahlgren Campus
 Washington                                                  $ 18,400,000
University of Virginia       Construct Information 
                              Technology Engineering
                              Building                       $ 40,200,000
University of Virginia       Renovate Wyllie Library
 At Wise                                                     $ 20,800,000
Virginia Commonwealth        Construct New School of
 University                   Medicine, Phase I              $ 58,000,000
Virginia Commonwealth         Renovate Massey Cancer
 University                    Laboratory Support            $  5,913,000
Virginia Community College    Construct Phase III Academic
 System                       Building, Woodbridge Campus,
                              Northern Virginia              $ 47,200,000
Virginia Community College   Renovate Dalton Cantrell
 System                       Hall, Mountain Empire          $ 11,400,000
Virginia Community College   Renovate Phase I Facility,
 System                       Downtown Campus, J. Sargeant
                              Reynolds                       $ 11,600,000
Virginia Community College   Construct Learning Resources
 System                       Building Phase I, 
                              Virginia Beach Campus,
                              Tidewater                      $ 46,200,000
Virginia Community College   Construct North Campus
 System                       Replacement (Anderson Hall) 
                              and Addition,
                              Virginia Western               $ 25,600,000
Virginia Community College   Renovate Classroom and
 System                       Labatory Buildings,
                              Glenns and Warsaw,
                              Rappahannock                   $ 11,500,000
Virginia Community College   Construct Phase I, Regional
 System                       Health Professions Center,
                              Tidewater                      $  8,200,000
Virginia Community College   Construct Phase III Building,
 System                       Loudoun Campus, Northern
                              Virginia                       $  8,600,000
Virginia Community College   Construct Academic Building
 System                       Phase III, Manassas Campus,
                              Northern Virginia              $  6,059,000
Virginia Community College   Construct Historic Triangle
 System                       Campus                         $  5,600,000
Virginia Community College   Construct Phase VI, Academic
 System                       Building, Annandale Campus,
                              Northern Virginia              $  6,100,000
Virginia Community College   Americans with Disabilities
 System                       Act                            $  4,000,000
Virginia Tech                Construct Medical School and
                              Research Institute             $ 59,000,000
Eastern Virginia Medical     Construct Instructional and
 School                       Research Medical Facility      $ 59,000,000
Grand Total                                                 $ 704,188,000

§ 2. The Virginia College 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, original issue discount, interest prior to or during improvement and for up to one year after completion of the improvement, and other financing expenses.

4. That the State Treasurer is authorized to advance a treasury loan that shall not exceed the costs of planning set forth for each of the following projects:

Agency                       Project Description                Amount
James Madison University     Construct CISAT
                              Academic 3b, Planning         $ 4,000,000
Longwood University          Renovate Heating Plant 
                              Facility, Planning            $   600,000
Norfolk State University     Renovate Wilder Center, 
                              Planning                      $   600,000
University of Virginia       Upgrade Ruffner Hall,
                              Planning                      $ 2,400,000
University of Virginia       Construct New Library,
 at Wise                      Planning                      $ 4,400,000
Virginia State University    Renovate and Expand Daniel
                              Gymnasium, Planning           $ 1,700,000
Virginia Tech                Renovate Davidson Hall,
                              Planning                      $ 3,000,000                       
Jamestown/Yorktown           Replace Yorktown Victory
 Foundation                   Center, Planning              $ 1,070,000
Department of Mental Health, Construct Community Housing,
 Mental Retardation and       Southeastern Virginia 
 Substance Abuse Services     Training Center, Planning     $ 1,600,000
Department of Mental Health, Construct Community Housing,
 Mental Retardation and       Central Virginia 
 Substance Abuse Services     Training Center, Planning     $ 5,000,000
Department of Mental Health, Construct Sexually Violent
 Mental Retardation and       Predator Facility #2, 
 Substance Abuse Services     Planning                      $ 2,600,000
Department of Mental Health, Replace Central State Hospital
 Mental Retardation and       Forensic Unit, Planning
 Substance Abuse Services                                   $ 4,000,000
Department of Corrections    Construct Medium Security #4,
                              Charlotte County, Planning    $ 8,700,000
Department of Corrections    Construct 200 Bed Housing Unit,
                              Bland, Planning               $   900,000
Department of Corrections    Replace Door Control Systems,
                              Greensville, Planning         $   700,000
Department of Corrections    Upgrade Building Electrical 
                              Service Entrance, Augusta,
                              Planning                      $   700,000
Department of Corrections    Upgrade Wastewater Treatment
                              Plant, Bland, Planning        $   600,000
Grand Total                                                 $42,570,000