HB 1110 Transportation Bond Act of 2000; created.
John H. Tate, Jr. | all patrons    ...    notes
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Summary as introduced:
Commonwealth of Virginia Transportation Bond Act of 2000. Authorizes, subject to approval by a majority of the qualified voters of the Commonwealth voting thereon at the November 7, 2000, general election, the issuance of Commonwealth of Virginia Transportation Bonds pursuant to Article X, Section 9 (b) of the Virginia Constitution in an amount not exceeding $1,000,000,000. The purpose of the bonds is to provide funds for paying, together with any other available funds, the cost of certain specified highway projects and the retirement of current debt on a highway project. The full faith and credit of the Commonwealth is pledged for the payment of the principal of and interest on the bonds and any bond anticipation notes or refunding bonds. The bill authorizes the Treasury Board, by and with the consent of the Governor, to fix the details of such bonds, to borrow money in anticipation of the issuance of the bonds, and to issue refunding bonds. The bill shall not become effective and no bonds shall be issued unless voter approval is obtained.

Full text:
01/24/00  House: Presented & ordered printed 002505952  pdf

Status:
01/24/00  House: Presented & ordered printed 002505952
01/24/00  House: Referred to Committee on Finance
02/13/00  House: Reported from Finance (23-Y 0-N)
02/13/00  House: Referred to Committee on Appropriations
02/15/00  House: Tabled in Appropriations (28-Y 0-N)