HB 1119 Suffolk Transportation Dist. Transportation Revenue Bond Act of 2000.
William P. Robinson, Jr. | all patrons    ...    notes
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Summary as introduced:
Suffolk Transportation District Program; Suffolk Transportation District Commonwealth of Virginia Transportation Revenue Bond Act of 2000. Creates the Suffolk Transportation District Program similar to the Northern Virginia Transportation District Program, and authorizes a treasury loan of $19 million to be deposited into the fund created for the Program on July 15, 2001, in the event that appropriations in that amount are not included for the fund in the appropriation act. The bill also authorizes the issuance of Suffolk Transportation District Commonwealth of Virginia Transportation Revenue Bonds pursuant to the provisions of 33.1-267 through 33.1-295 and Article X, Section 9 (d) of the Virginia Constitution in an amount not exceeding $100,000,000. The purpose of the bonds is to provide funds for paying, together with any other available funds, the cost of two highway projects within the Suffolk Transportation District. The bill authorizes the Transportation Board to issue the bonds to be sold through the Treasury Board, either at public or private sale. The bonds are not backed by the full faith and credit of the Commonwealth.

Full text:
01/24/00  House: Presented & ordered printed 008867912  pdf

Status:
01/24/00  House: Presented & ordered printed 008867912
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)