The Virginia Public Building Authority (the "Authority" or the "VPBA") provides financing for State projects, facilities and obligations including the Commonwealth's share of the cost of jail and juvenile detention projects. The Authority may only undertake projects approved by the General Assembly.

The VPBA is a political subdivision of the Commonwealth of Virginia, authorized to issue bonds under the Virginia Public Building Authority Act of 1981 (the "Act"). The Authority was created by the Act for the purpose of financing, refinancing, constructing, improving, furnishing, maintaining, acquiring and operating public buildings for the use of the Commonwealth; and financing or refinancing capital projects that benefit the Commonwealth and any of its agencies, instrumentalities and political subdivisions.

VPBA Programs

The Act permits the Authority to finance projects approved by the General Assembly. The Authority also may refinance or finance reimbursements to localities or regional jail authorities of the Commonwealth's share of the costs for jail and juvenile detention projects. Bonds issued by the Authority are issued under a master indenture. The bonds are limited obligations of the Authority, secured by and payable from funds appropriated by the General Assembly of the Commonwealth. The Authority has no taxing power. Bonds issued by the Authority are rated Aa1, AA+, and AA+ from Moody's, S&P, and Fitch, respectively. The Authority has historically issued its bonds at least annually.

Statutory Requirements For Membership

Under § 2.2-2261 of the Code of Virginia, membership of the Virginia Public Building Authority is comprised of the State Treasurer, the State Comptroller, and five additional members appointed by the Governor for five year terms. The Governor designates one member of the Authority as the chairman.

Chair Sarah B. Williams	John Mahone
Appointed: July 2, 2007 Term Expiration: June 30, 2012	Appointed: July 1, 2011 Term Expiration: July 1, 2016
Dudley Fulton	Vice Chair James H. Flinchum
Appointed: July 1, 2010 Term Expiration: June 30, 2015	Appointed: July 1, 2008 Term Expiration: June 30, 2013
Robert C. Maddux
Appointed: July 1, 2009 Term Expiration: June 30, 2014

Manju Ganeriwala Secretary/Treasurer	David A. Von Moll
State Treasurer Appointed January 1, 2009 At Pleasure of Governor	State Comptroller Appointed January 14, 2006 At Pleasure of Governor

Donald R. Ferguson, Esq.
Sr. Assistant General 900 East Main Street Richmond, VA 23219 (804) 786-5889

Evelyn Whitley (Assistant Secretary/ Treasurer #1)	Tracy L. Clemons, Sr. (Assistant Secretary/ Treasurer #2)
Director of Debt Management Department of the Treasury P.O. Box 1879 Richmond, VA 23218-1879 (804) 225-4930	Public Finance Manager Department of the Treasury P.O. Box 1879 Richmond, VA 23218-1879 (804) 225-4929
Sherwanda Cawthorn
Public Finance Analyst (804) 225-4931
Brooks Ballard
Contact for Jail Program: Project Coordinator, VA Department of Corrections Architecture & Design Section P.O. Box 26963 (804) 673-3000 Brooks Ballard (E-mail)