|
Treasury Board (155)
| 276. | Bond and Loan Retirement and Redemption (74300) | 739,313,902 | 784,615,160
| | | | |
| | Debt Service Payments on General Obligation Bonds (74301) | 98,071,877 | 87,360,338
| | Capital Lease Payments (74302) | 12,773,700 | 12,767,359
| | Debt Service Payments on Public Building Authority Bonds (74303) | 292,069,755 | 302,366,355
| | Debt Service Payments on College Building Authority Bonds (74304) | 336,398,570 | 382,121,108
| | | | |
| | Fund Sources: | General | 689,205,104 | 734,736,898
| | Special | 349,214 | 349,363
| | Higher Education Operating | 29,774,267 | 29,774,267
| | Dedicated Special Revenue | 675,000 | 675,000
| | Federal Trust | 19,310,317 | 19,079,632
|
Authority: Title 2.2, Chapter 18; Title 33.1, Chapter 3, Article
5, Code of Virginia; Article X, Section 9, Constitution of Virginia.
A. The Director, Department of Planning and Budget is authorized to
transfer appropriations between Items in the Treasury Board to address
legislation affecting the Treasury Board passed by the General Assembly.
B.1. Out of the amounts for Debt Service Payments on General
Obligation Bonds, the following amounts are hereby appropriated from the
general fund for debt service on general obligation bonds issued pursuant to
Article X, Section 9 (b), of the Constitution of Virginia:
|
|
General Fund
|
Federal Funds
|
General Fund
|
Federal Funds
|
|
2004B Refunding
|
$10,460,050
|
$0
|
$9,996,050
|
$0
|
|
2005
|
$6,247,500
|
$0
|
$0
|
$0
|
|
2006A Refunding
|
$7,932,750
|
$0
|
$0
|
$0
|
|
2006
|
$6,512,000
|
$0
|
$6,216,000
|
$0
|
|
2007A
|
$7,437,501
|
$0
|
$7,125,001
|
$0
|
|
2007B
|
$5,119,550
|
$0
|
$4,919,550
|
$0
|
|
2008A
|
$7,863,563
|
$0
|
$7,617,313
|
$0
|
|
2008B
|
$8,301,438
|
$0
|
$8,101,438
|
$0
|
|
2009A
|
$6,685,000
|
$0
|
$6,485,000
|
$0
|
|
2009B
|
$3,373,832
|
$522,943
|
$3,325,926
|
$498,110
|
|
2009 Refunding
|
$6,064,750
|
$0
|
$14,174,750
|
$0
|
|
2012 Refunding
|
$15,943,250
|
$0
|
$7,203,450
|
$0
|
|
2013 Refunding
|
$5,567,750
|
$0
|
$11,657,750
|
$0
|
|
Projected debt service & expenses
|
$40,000
|
$0
|
$40,000
|
$0
|
|
Total Service Area
|
$97,548,934
|
$522,943
|
$86,862,228
|
$498,110
|
2. Out of the amounts for Debt Service Payments on General
Obligation Bonds, sums needed to fund issuance costs and other expenses are
hereby appropriated.
C. Out of the amounts for Capital Lease Payments, the following
amounts are hereby appropriated for capital lease payments:
|
|
FY 2015
|
FY 2016
|
|
Big Stone Gap RHA (DOC) (Wallens Ridge, 1995)
|
$6,001,750
|
$5,996,250
|
|
Norfolk RHA (VCCS-TCC), Series 1995
|
$2,016,800
|
$2,014,159
|
|
Virginia Biotech Research Park, 2009
|
$4,755,150
|
$4,756,950
|
|
Total Capital Lease Payments
|
$12,773,700
|
$12,767,359
|
D.1. Out of the amounts for Debt Service Payments on Virginia
Public Building Authority Bonds shall be paid to the Virginia Public Building
Authority the following amounts for use by the authority for its various bond
issues:
|
Series
|
General Fund
|
Nongeneral Fund
|
General Fund
|
Nongeneral Fund
|
|
2003 Refunding
|
$988,375
|
$0
|
$0
|
$0
|
|
2004A Refunding
|
$23,309,631
|
$0
|
$23,357,244
|
$0
|
|
2004B
|
$14,960,581
|
$0
|
$7,665,300
|
$0
|
|
2004C
|
$4,569,000
|
$0
|
$4,571,500
|
$0
|
|
2004D Refunding
|
$12,541,963
|
$0
|
$9,863,588
|
$0
|
|
2005A Refunding
|
$4,892,375
|
$0
|
$4,695,000
|
$0
|
|
2005B Refunding
|
$14,950,186
|
$349,214
|
$14,942,162
|
$349,363
|
|
2005C
|
$4,486,250
|
$0
|
$4,488,125
|
$0
|
|
STARS 2005C
|
$12,251,750
|
$0
|
$12,248,750
|
$0
|
|
2005D
|
$2,000,000
|
$0
|
$2,000,000
|
$0
|
|
2006A
|
$5,108,783
|
$0
|
$5,109,408
|
$0
|
|
STARS 2006A
|
$7,147,750
|
$0
|
$7,144,250
|
$0
|
|
2006B
|
$11,290,175
|
$0
|
$11,295,050
|
$0
|
|
STARS 2006B
|
$4,468,875
|
$0
|
$4,466,625
|
$0
|
|
2007A
|
$14,716,100
|
$0
|
$14,718,850
|
$0
|
|
STARS 2007A
|
$7,514,750
|
$0
|
$7,516,125
|
$0
|
|
2008B
|
$11,995,600
|
$0
|
$11,995,406
|
$0
|
|
2009A
|
$4,678,775
|
$0
|
$4,678,871
|
$0
|
|
2009B
|
$16,743,805
|
$0
|
$16,744,405
|
$0
|
|
2009B STARS
|
$6,584,850
|
$0
|
$6,584,050
|
$0
|
|
2009C
|
$1,086,770
|
$0
|
$1,091,015
|
$0
|
|
2009D
|
$6,277,100
|
$0
|
$6,266,525
|
$0
|
|
2010A
|
$22,083,908
|
$4,511,477
|
$22,014,283
|
$4,511,477
|
|
2010B
|
$22,486,769
|
$3,484,627
|
$22,480,719
|
$3,484,627
|
|
2011A STARS
|
$626,750
|
$0
|
$629,625
|
$0
|
|
2011A
|
$20,819,425
|
$0
|
$20,819,300
|
$0
|
|
2011B
|
$1,300,324
|
$0
|
$1,295,624
|
$0
|
|
2012A Refunding
|
$3,474,600
|
$0
|
$3,474,600
|
$0
|
|
2013A
|
$10,282,850
|
$0
|
$10,282,925
|
$0
|
|
2013B
|
$3,478,000
|
$0
|
$3,478,000
|
$0
|
|
Projected debt service and expenses
|
$5,933,366
|
$675,000
|
$27,428,562
|
$675,000
|
|
Total Service Area
|
$283,049,436
|
$9,020,318
|
$293,345,887
|
$9,020,467
|
2.a. Funding is included in this Item for the Commonwealth’s
reimbursement of a portion of the approved capital costs as determined by the
Board of Corrections and other interest costs as provided in §§ 53.1-80 through
53.1-82.2 of the Code of Virginia, for the following:
|
|
Commonwealth Share of
|
|
Project
|
Approved Capital Costs
|
|
Richmond City Jail Replacement
|
$31,238,755
|
|
RSW Regional Jail
|
$32,840,850
|
|
Southwest Virginia Regional Jail
|
$18,143,780
|
|
Central Virginia Regional Jail
|
$8,464,891
|
|
Chesapeake City Jail
|
$5,130,673
|
|
Total Approved Capital Costs
|
$95,818,949
|
b. The Commonwealth's share of the total cost of the projects listed
in the table in paragraph D.2.a. shall not exceed the amount listed for
each project. Reimbursement of the Commonwealth's portion of the
construction costs of these projects shall be subject to the approval of the
Department of Corrections of the final expenditures.
c. This paragraph shall constitute the authority for the Virginia
Public Building Authority to issue bonds for the foregoing projects pursuant to
§ 2.2-2261 of the Code of Virginia.
E.1. Out of the amounts for Debt Service Payments on Virginia
College Building Authority Bonds shall be paid to the Virginia College Building
Authority the following amounts for use by the Authority for payments on
obligations issued for financing authorized projects under the 21st Century
College Program:
|
Series
|
FY 2015
|
FY2016
|
|
2004B Refunding
|
$9,465,250
|
$9,464,500
|
|
2005A
|
$3,481,250
|
$242,000
|
|
2006
|
$9,557,200
|
$9,538,200
|
|
2007A Refunding
|
$3,865,100
|
$9,626,500
|
|
2007B
|
$2,852,125
|
$2,851,925
|
|
2008A
|
$7,444,731
|
$7,443,231
|
|
2009A&B
|
$33,310,221
|
$33,299,703
|
|
2009C Refunding
|
$5,781,200
|
$0
|
|
2009E Refunding
|
$21,309,750
|
$24,546,800
|
|
2009F
|
$39,234,131
|
$39,011,160
|
|
2010B
|
$28,454,540
|
$28,455,040
|
|
2011 A
|
$17,779,300
|
$17,777,300
|
|
2012A
|
$21,494,900
|
$21,497,400
|
|
2012B
|
$25,524,274
|
$25,527,068
|
|
2012 C
|
$1,748,824
|
$1,729,118
|
|
2013 A
|
$21,956,592
|
$21,960,013
|
|
Projected 21st Century debt service & expenses
|
$21,124,500
|
$65,413,100
|
|
Subtotal 21st Century
|
$274,383,888
|
$318,383,058
|
2. Out of the amounts for Debt Service Payments on Virginia College
Building Authority Bonds shall be paid to the Virginia College Building
Authority the following amounts for the payment of debt service on authorized
bond issues to finance equipment:
|
Series
|
FY 2015
|
FY 2016
|
|
2008A
|
$8,232,000
|
$0
|
|
2009D
|
$9,048,425
|
$9,046,250
|
|
2010A
|
$8,336,500
|
$8,236,000
|
|
2011A
|
$8,538,000
|
$8,538,500
|
|
2012A
|
$8,360,000
|
$8,362,500
|
|
2013A
|
$9,449,257
|
$9,453,500
|
|
Projected debt service & expenses
|
$10,050,500
|
$20,101,300
|
|
Subtotal Equipment
|
$62,014,682
|
$63,738,050
|
|
Total Service Area
|
$336,398,570
|
$382,121,108
|
3. Beginning with the FY 2008 allocation of the higher education equipment
trust fund, the Treasury Board shall amortize equipment purchases at seven
years, which is consistent with the useful life of the equipment.
4. Out of the amounts for Debt Service Payments on Virginia College
Building Authority Bonds, the following nongeneral fund amounts from a capital
fee charged to out-of-state students at institutions of higher education shall
be paid to the Virginia College Building Authority in each year for debt
service on bonds issued under the 21st Century Program:
|
Institution
|
FY 2015
|
FY 2016
|
|
George Mason University
|
$2,535,489
|
$2,535,489
|
|
Old Dominion University
|
$1,059,300
|
$1,059,300
|
|
University of Virginia
|
$4,670,622
|
$4,670,622
|
|
Virginia Polytechnic Institute and State University
|
$4,656,663
|
$4,656,663
|
|
Virginia Commonwealth University
|
$2,132,460
|
$2,132,460
|
|
College of William and Mary
|
$1,493,811
|
$1,493,811
|
|
Christopher Newport University
|
$112,167
|
$112,167
|
|
University of Virginia’s College at Wise
|
$48,510
|
$48,510
|
|
James Madison University
|
$2,635,578
|
$2,635,578
|
|
Norfolk State University
|
$458,766
|
$458,766
|
|
Longwood University
|
$111,276
|
$111,276
|
|
University of Mary Washington
|
$293,535
|
$293,535
|
|
Radford University
|
$275,022
|
$275,022
|
|
Virginia Military Institute
|
$370,260
|
$370,260
|
|
Virginia State University
|
$845,856
|
$845,856
|
|
Richard Bland College
|
$9,900
|
$9,900
|
|
Virginia Community College System
|
$3,222,450
|
$3,222,450
|
|
TOTAL
|
$24,931,665
|
$24,931,665
|
5. Out of the amounts for Debt Service Payments of College Building
Authority Bonds, the following is the estimated general and nongeneral fund
breakdown of each institution’s share of the debt service on the Virginia
College Building Authority bond issues to finance equipment. The nongeneral
fund amounts shall be paid to the Virginia College Building Authority in each
year for debt service on bonds issued under the equipment program:
|
Institution
|
General Fund
|
Nongeneral Fund
|
General Fund
|
Nongeneral Fund
|
|
College of William & Mary
|
$1,971,989
|
$259,307
|
$2,055,788
|
$259,307
|
|
University of Virginia
|
$10,279,755
|
$1,088,024
|
$10,864,008
|
$1,088,024
|
|
Virginia Polytechnic Institute and State University
|
$10,028,546
|
$992,321
|
$10,681,639
|
$992,321
|
|
Virginia Military Institute
|
$669,067
|
$88,844
|
$668,917
|
$88,844
|
|
Virginia State University
|
$1,087,459
|
$108,886
|
$1,079,829
|
$108,886
|
|
Norfolk State University
|
$986,193
|
$108,554
|
$980,968
|
$108,554
|
|
Longwood University
|
$606,167
|
$54,746
|
$600,196
|
$54,746
|
|
University of Mary Washington
|
$514,380
|
$97,063
|
$494,933
|
$97,063
|
|
James Madison University
|
$1,842,565
|
$254,504
|
$1,808,591
|
$254,504
|
|
Radford University
|
$1,380,677
|
$135,235
|
$1,386,733
|
$135,235
|
|
Old Dominion University
|
$3,987,893
|
$374,473
|
$4,079,283
|
$374,473
|
|
Virginia Commonwealth University
|
$7,694,791
|
$401,647
|
$7,811,983
|
$401,647
|
|
Richard Bland College
|
$138,250
|
$2,027
|
$136,610
|
$2,027
|
|
Christopher Newport University
|
$640,698
|
$17,899
|
$635,957
|
$17,899
|
|
University of Virginia's College at Wise
|
$214,116
|
$19,750
|
$207,311
|
$19,750
|
|
George Mason University
|
$3,442,578
|
$205,665
|
$3,507,381
|
$205,665
|
|
Virginia Community College System
|
$10,729,855
|
$633,657
|
$10,906,346
|
$633,657
|
|
Virginia Institute of Marine Science
|
$517,521
|
$0
|
$507,607
|
$0
|
|
Roanoke Higher Education Authority
|
$66,522
|
$0
|
$66,465
|
$0
|
|
Southwest Virginia Higher Education Center
|
$66,899
|
$0
|
$68,594
|
$0
|
|
Institute for Advanced Learning and Research
|
$206,894
|
$0
|
$234,759
|
$0
|
|
Southern Virginia Higher Education Center
|
$45,769
|
$0
|
$53,828
|
$0
|
|
New College Institute
|
$53,496
|
$0
|
$57,722
|
$0
|
|
TOTAL
|
$57,172,080
|
$4,842,602
|
$58,895,448
|
$4,842,602
|
F. Pursuant to various Payment Agreements between the Treasury
Board and the Commonwealth Transportation Board, funds required to pay the debt
service due on Commonwealth Transportation Board bonds shall be paid to the
Trustee for the bondholders by the Treasury Board after transfer of these funds
to the Treasury Board from the Commonwealth Transportation Board pursuant to
Item 448, paragraph E of this act and §§ 58.1-815, 58.1-815.1 and 58.1-816.1,
Code of Virginia.
G. Under the authority of this act, an agency may transfer funds to
the Treasury Board for use as lease, rental, or debt service payments to be
used for any type of financing where the proceeds are used to acquire equipment
and to finance associated costs, including but not limited to issuance and
other financing costs. In the event such transfers occur, the transfers shall
be deemed an appropriation to the Treasury Board for the purpose of making the
lease, rental, or debt service payments described herein.
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