HB 1553 Higher Education and Related Facilities Bond Act of 2001.
Alan A. Diamonstein | all patrons    ...    notes
| add to my profiles

Summary as introduced:
Commonwealth of Virginia Higher Education and Related Educational Facilities Bond Act of 2001. Authorizes the issuance of Commonwealth of Virginia Higher Education and Related Educational Facilities Bonds pursuant to Article X, Section 9 (b) of the Virginia Constitution in an amount not exceeding $670,400,000, subject to approval by a majority of the qualified voters of the Commonwealth voting thereon at the November 6, 2001, general election. The purpose of the bonds is to provide funds for paying, together with any other available funds, the cost of acquiring, constructing, restoring, repairing, improving, renovating and refurbishing the physical plants, including incidental equipment, of higher education and related educational facilities. 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 and until voter approval is obtained.

Full text:
10/31/00  House: Introduced bill reprinted 012801724  pdf | impact statement
01/10/01  House: Presented & ordered printed, prefiled 07/14/00 012801724  pdf | impact statement

Status:
10/31/00  House: Introduced bill reprinted 012801724
01/10/01  House: Presented & ordered printed, prefiled 07/14/00 012801724
01/10/01  House: Referred to Committee on Finance
01/26/01  House: Stricken at request of Patron in Finance (23-Y 0-N)