Virginia Public Building Authority

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 Section § 2.2-2261 of the Code of Virginia sets forth the membership of the VPBA.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.

Gubernatorial Appointees

Suzanne S. Long (Chair)

Chair Appointment: July 1, 2017

Chair Expiration: June 30, 2019

Appointed: July 1, 2015

Term Expiration: June 30, 2020

John A. Mahone Sarah B. Williams

Appointed: July 1, 2016

Term Expiration: June 30, 2021

Appointed: July 1, 2017

Term Expiration: June 30, 2022

Carolyn L. Bishop Ann H. Shawver

Appointed: July 1, 2014

Term Expiration: June 30, 2019

Appointed: July 1, 2018

Term Expiration: June 30, 2023

Ex-Officio

Manju S. Ganeriwala David A. Von Moll
State Treasurer

Appointed January 1, 2009

At Pleasure of Governor

State Comptroller

Appointed January 14, 2006

At Pleasure of Governor

Legal Counsel

Donald R. Ferguson, Esq.
Sr. Assistant Attorney General
Office of the Attorney General
202 North Ninth Street
Richmond, Virginia 23219
PH: (804) 786-0004
dferguson@oag.state.va.us

Staff Contacts

Bradley L. Jones Sherwanda R. Cawthorn
Assistant Director of Debt Management
Department of the Treasury
P.O. Box 1879
Richmond, VA 23218-1879
PH: (804) 225-4929
Senior Public Finance Analyst
Department of the Treasury
P.O. Box 1879
Richmond, VA 23218-1879
PH:(804) 225-4931
Robert E. Casey, RA
Contact for Jail Program:
Project Coordinator
VA Department of Corrections
6900 Atmore Drive
Richmond, VA 23225
PH:(804) 887-7773
FAX:(804) 674-3587
robert.casey@va.doc.virginia.gov