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1999 SESSION

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VIRGINIA ACTS OF ASSEMBLY -- CHAPTER An Act to amend and reenact the sixth enactment of Chapter 835 of the 1996 Acts of Assembly, relating to the adult and juvenile correctional projects. [H 2409] Approved

Be it enacted by the General Assembly of Virginia:

1. That the sixth enactment of Chapter 835 of the 1996 Acts of Assembly is amended and reenacted as follows:

6. § 1. That pursuant to § 2.1-234.13 of the Code of Virginia, the General Assembly hereby authorizes the Virginia Public Building Authority to undertake projects consisting of the construction, improvement, and furnishing of adult and juvenile correctional facilities and the acquisition of appurtenant land as follows:

           Facility                            Principal Amount

                                                 of Project

Southampton Reception and                        $5,100,000

Classification Center:  Renovation                 $259,210

Close Custody Juvenile Correctional Facility

  (Culpeper County)                             $30,430,000

§ 2. That the Virginia Public Building Authority is also authorized to exercise any and all powers granted to it by law in connection therewith, including the power to lease such projects to the Commonwealth and 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, and other financing expenses.