A. All capital projects of the Authority shall be approved by the board. Within 30 days after approval of any capital project in excess of $5 million, the board shall notify the House Appropriations and Senate Finance Committees of the scope, cost, and construction schedule of the proposed capital project. The board may undertake the project unless either Committee raises objections within 30 days of the notification, in which case the Authority shall not undertake the project until such objections are resolved.
B. Before the Authority materially increases the size or materially changes the scope of any capital project for which construction has commenced, such project shall be approved again by the board in accordance with subsection A and, in the case of any capital project in excess of $5 million, presented again to the House Appropriations and Senate Finance Committees in accordance with subsection A.
C. Notwithstanding any provision of law to the contrary, the Authority is not subject to any further process or procedure that requires the submission, review, or approval of any capital project; however, the Authority shall ensure that Building Officials and Code Administrators (BOCA) Code or any successor code and fire safety inspections are conducted for any capital project and that such projects are inspected by the State Fire Marshal or his designee prior to certification for building occupancy.
1996, cc. 905, 1046, § 23-50.16:18; 2016, c. 588; 2017, c. 314.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 24 - Virginia Commonwealth University Health System Authority
§ 23.1-2401. Authority established; powers, purposes, and duties
§ 23.1-2402. Board of directors; membership; meetings; officers; employees
§ 23.1-2403. Chief executive officer of the Authority
§ 23.1-2404. Powers of the Authority
§ 23.1-2405. Additional powers of the Authority; operation of projects
§ 23.1-2406. Additional powers of the Authority; police
§ 23.1-2408. Moneys of the Authority
§ 23.1-2409. Grants and loans from localities
§ 23.1-2411. Exemption from taxation
§ 23.1-2412. Transfer of existing hospital facilities
§ 23.1-2414. Leases of property
§ 23.1-2415. Employees of the Authority
§ 23.1-2416. Retirement benefits for employees of the Authority
§ 23.1-2417. Insurance for employees of the Authority
§ 23.1-2418. Power to issue bonds
§ 23.1-2419. Liability on bonds
§ 23.1-2421. Trust indentures and mortgages; security for the bonds
§ 23.1-2422. Remedies of obligees of Authority
§ 23.1-2423. Bonds to be legal investments
§ 23.1-2425. (Effective until September 1, 2022) Confidential and public information
§ 23.1-2425. (Effective September 1, 2022) Confidential and public information