Source: https://budget.lis.virginia.gov/amendment/2019/1/HB1700/Introduced/CR/C-48.10/2c/
Timestamp: 2019-04-18 22:33:54+00:00

Document:
"a one-time and final payment of".
A. 1. The capital projects in paragraph C of this Item are hereby authorized and may be financed in whole or in part through bonds of the Virginia College Building Authority pursuant to § 23.1-1200 et seq., Code of Virginia, or the Virginia Public Building Authority pursuant to § 2.2-2263 et seq., Code of Virginia. Bonds of the Virginia College Building Authority issued to finance these projects may be sold and issued under the 21st Centry College Program at the same time with other obligations of the Authority as separate issues or as a combined issue. The aggregrate principal amounts shall not exceed $121,466,000 plus amounts needed to fund issuance costs, reserve funds, original issue discount, interest prior to and during the acquisition or construction and for one year after completion thereof, and other financing expenses, in accordance with § 2.2-2263, Code of Virginia.
2. From the list of projects included in paragraph C of this Item, the Director, Department of Planning and Budget, shall provide to the Chairmen of the Virginia College Building Authority and the Virginia Public Building Authority the specific projects, as well as the amounts for these projects, to be financed by each authority within the dollar limit established by this authorization.
D. 1. From the proceeds of bonds authorized to be issued by the Virginia Public Building Authority in paragraph A of this Item, there is hereby appropriated $25,000,000 in the second year for the Combined Sewer Overflow Matching Fund, established pursuant to § 62.1-242.12, Code of Virginia and administered by the Department of Environmental Quality. These bond proceeds shall be used by the Virginia Resources Authority and the State Water Control Board to make a grant to the City of Alexandria to pay a portion of the capital costs of its combined sewer overflow control project. Disbursements from these proceeds shall be authorized by the State Water Control Board, under the authority of the Department of Environmental Quality, and administered by the Virginia Resources Authority through the Combined Sewer Overflow Matching Fund.
2. This appropriation is subject to the conditions of § 2.0 F of this act.
3. Except as provided in paragraph D.2 of this Item, the provisions of §§ 2.0 and 4-4.01 of this act and the provisions of § 2.2-1132, Code of Virginia, shall not apply to the project supported in this Item.
E. Funding for the Department of General Services' project to Improve Capitol Campus utilities shall not be released until the department and the City of Richmond have signed an agreement allowing the state to work on any needed improvements to the utilities running through Capitol Square, including a methodology in the agreement that provides for the state's utility bills to be adjusted to offset the state's expenditures for any improvements to the water lines.

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