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1997 SESSION
970833208Patrons-- Clement, Abbitt, Almand, Armstrong, Behm, Bennett, Bloxom, Callahan, Christian, Cranwell, Croshaw, Davies, DeBoer, Deeds, Diamonstein, Dickinson, Dillard, Grayson, Guest, Hall, Heilig, Jackson, Murphy, Plum, Puller, Putney, Robinson, Shuler, Tate, Thomas and Woodrum; Senators: Hawkins and Holland
Be it enacted by the General Assembly of Virginia:
1. That § 1 of Chapter 546 of the 1983 Acts of Assembly is amended and reenacted as follows:
§ 1. That pursuant to § 2.1-234.13 of the Code of Virginia, the General Assembly hereby approves any undertaking by the Virginia Public Building Authority to acquire, construct, improve, furnish, maintain and operate any or all of the projects listed below, and to exercise any and all powers granted to it by law in connection therewith, including its powers to lease such projects to the Commonwealth and to finance any such undertaking, but in amounts not to exceed the amount specified below for each project, except for amounts needed to fund bond issuance costs, reserve funds and other financing expenses and except as otherwise provided in § 2 herein:
Project Amount
General Assembly Building
Richmond, Virginia $10,891,63910,525,920
General Assembly Building Renovation
Richmond, Virginia $6,957,6736,809,193
James Madison Building
Richmond, Virginia $1,828,2981,539,619
Supreme Court of Virginia Building
Richmond, Virginia $3,611,7753,527,915
Broad Street Station and Property
Richmond, Virginia $4,064,2343,928,488
Consolidated Laboratory Services Building
Richmond, Virginia $2,650,7502,385,675
State Library Building Addition
Richmond, Virginia $1,046,360959,163
Old City Hall Building
Richmond, Virginia$2,964,524
James Monroe Building, Phase I
Richmond, Virginia $7,492,3877,318,425
James Monroe Building, Phase II
Richmond, Virginia $37,097,62136,657,826
Department of Motor Vehicles Building
Richmond, Virginia $16,681,91516,416,555
Department of Computer Services Building
Richmond, Virginia$16,350,000
James Monroe Building, Completion of Phase II
Richmond, Virginia $5,000,0004,000,000
2. That the second enactments of Chapters 731 and 761 of the 1988 Acts of Assembly are amended and reenacted as follows:
2. That pursuant to § 2.1-234.13 of the Code of Virginia, the General
Assembly hereby authorizes the Virginia Public Building Authority to undertake
a project consisting of the construction and furnishing of an office building
to be located in the City of Richmond on the block bounded by Thirteenth,
Fourteenth, Main and Franklin Streets for the State Corporation Commission in
an amount not to exceed $23,000,00017,695,381,
and to exercise any and all powers granted to it by law in connection
therewith, including the power to lease such project to the Commonwealth and to
finance the cost thereof by the issuance of revenue bonds in a principal amount
not to exceed
$23,000,00017,695,381, plus amounts
needed to fund issuance costs, reserve funds and other financing expenses.
2. That pursuant to § 2.1-234.13 of the Code of Virginia, the General
Assembly hereby authorizes the Virginia Public Building Authority to undertake
a project consisting of the construction and furnishing of an office building
to be located in the City of Richmond on the block bounded by Thirteenth,
Fourteenth, Main and Franklin Streets for the State Corporation Commission in
an amount not to exceed $23,000,00017,695,381,
and to exercise any and all powers granted to it by law in connection
therewith, including the power to lease such project to the Commonwealth and to
finance the cost thereof by the issuance of revenue bonds in a principal amount
not to exceed $23,000,00017,695,381 plus
amounts needed to fund issuance costs, reserve funds and other financing
expenses.
3. That § 2 of Chapter 507 and § 2 of Chapter 515 of the 1993 Acts of Assembly are amended and reenacted as follows:
§ 2. The Treasury Board is hereby authorized, by and with the consent of
the Governor, to sell and issue, subject to the provisions of Section 9 (c) of
Article X of the Constitution of Virginia, at one time or from time to time,
bonds of the Commonwealth, to be designated "Commonwealth of Virginia
Higher Educational Institutions Bonds, Series ......" in an aggregate
principal amount not exceeding $118,575,000116,575,000,
plus amounts needed to fund issuance costs, reserve funds and other financing
expenses. The proceeds of such bonds, excluding amounts needed to fund
issuance costs, reserve funds and other financing expenses, shall be used
exclusively for the purpose of providing funds, with any other available funds,
for paying the costs of acquiring, constructing, renovating, enlarging,
improving and equipping revenue-producing capital projects at institutions of
higher learning of the Commonwealth as follows:
Project Project Institution Number Debt Name University of Central Grounds Virginia 14638 $ 182,600 Parking Faciltiy University of Newcomb Hall Virginia 15400 $ 11,997,000 Expansion University of Student Residence Virginia 15472 $ 6,000,000 Facility
Clinch ValleyStudent Residence
College15473$ 2,000,000FacilityVirginia Polytechnic Major Repairs - Institute 14303 $ 1,078,900 Dorm/Dining System Virginia Polytechnic Institute 14816 $ 169,000 Residence Hall Virginia Polytechnic Parking Auxiliary Institute 14815 $ 7,484,300 Projects Virginia Commonwealth Parking Deck - MCV University 14777 $ 1,464,900 Campus Virginia Commonwealth VCU/MCV Visitors' University 15160 $ 2,838,300 Parking Deck George Mason University 14536 $ 17,500,000 Residence Hall V George Mason University 14657 $ 684,000 Parking Structure
George Mason University 14653 $ 17,680,900 Residence Hall VI George Mason Telecommunications University 15037 $ 3,825,000 System George Mason University Center University 14647 $ 25,629,500 and Library College of William and Mary 14417 $ 614,100 Graduate Dormitory College of William Dormitory and Mary 14416 $ 834,500 Renovation College of William University and Mary 14735 $ 1,225,400 Center James Madison Student Residence University 14405 $ 5,256,000 Facility James Madison Dining Facility University 15361 $ 2,393,100 Renovations James Madison Primary Electrical University 14614 $ 1,296,800 Upgrade Mary Washington Telecommunications College 15360 $ 4,298,800 Network Mary Washington Parking Lots and College 15415 $ 1,350,000 Athletic Fields Christopher Newport Dormitory/Dining University 14725 $ 2,771,900 Project TOTAL $118,575,000116,575,000
§ 2. The Treasury Board is hereby authorized, by and with the consent of
the Governor, to sell and issue, subject to the provisions of Section 9 (c) of
Article X of the Constitution of Virginia, at one time or from time to time,
bonds of the Commonwealth, to be designated "Commonwealth of Virginia
Higher Educational Institutions Bond, Series ......" in an aggregate
principal amount not exceeding $118,575,000116,575,000,
plus amounts needed to fund issuance costs, reserve funds and other financing
expenses. The proceeds of such bonds, excluding amounts needed to fund
issuance costs, reserve funds and other financing expenses, shall be used
exclusively for the purpose of providing funds, with any other available funds,
for paying the costs of acquiring, constructing, renovating, enlarging,
improving and equipping revenue-producing capital projects at institutions of
higher learning of the Commonwealth as follows:
Project Project Institution Number Debt Name University of Central Grounds Virginia 14638 $ 182,600 Parking Faciltiy University of Newcomb Hall Virginia 15400 $ 11,997,000 Expansion University of Student Residence Virginia 15472 $ 6,000,000 Facility
Clinch ValleyStudent Residence
College15473$ 2,000,000FacilityVirginia Polytechnic Major Repairs - Institute 14303 $ 1,078,900 Dorm/Dining System Virginia Polytechnic Institute 14816 $ 169,000 Residence Hall Virginia Polytechnic Parking Auxiliary Institute 14815 $ 7,484,300 Projects Virginia Commonwealth Parking Deck - MCV University 14777 $ 1,464,900 Campus Virginia Commonwealth VCU/MCV Visitors' University 15160 $ 2,838,300 Parking Deck George Mason University 14536 $ 17,500,000 Residence Hall V George Mason University 14657 $ 684,000 Parking Structure George Mason University 14653 $ 17,680,900 Residence Hall VI George Mason Telecommunications University 15037 $ 3,825,000 System George Mason University Center University 14647 $ 25,629,500 and Library College of William and Mary 14417 $ 614,100 Graduate Dormitory College of William Dormitory and Mary 14416 $ 834,500 Renovation College of William University and Mary 14735 $ 1,225,400 Center James Madison Student Residence University 14405 $ 5,256,000 Facility James Madison Dining Facility University 15361 $ 2,393,100 Renovations James Madison Primary Electrical University 14614 $ 1,296,800 Upgrade Mary Washington Telecommunications College 15360 $ 4,298,800 Network Mary Washington Parking Lots and College 15415 $ 1,350,000 Athletic Fields Christopher Newport Dormitory/Dining University 14725 $ 2,771,900 Project TOTAL $118,575,000116,575,000
4. That Item R-25.2 of the first enactments of Chapter 452 and Chapter 477 of the 1989 Acts of Assembly, Item R-25 of § 1 of Chapter 806 of the 1990 Acts of Assembly, and the fourth enactment of Chapter 656 of the 1991 Acts of Assembly are repealed.