In the Senate March 12, 1994

THE SENATE HAS AGREED TO THE REPORT OF THE COMMITTEE OF CONFERENCE ON THE FOLLOWING HOUSE BILL:

H.B. 1294

A BILL to authorize the issuance of Commonwealth of Virginia Transportation Revenue Bonds, by and with the consent of the Governor pursuant to the provisions of Article 5 ( 33.1-267 et seq.) of Chapter 3 of Title 33.1 of the Code of Virginia and as permitted by Section 9 (d) of Article X of the Constitution of Virginia, in a principal amount not exceeding $82,389,000, plus an amount for the issuance costs, capitalized interest, reserve funds, and other financing expenses (including, without limitation, any original issue discount), for the purpose of providing funds, with any other available funds, for paying all or a portion of the costs incurred or to be incurred for construction of an adequate, modern, safe, and efficient transportation system in that part of the Commonwealth that comprises the Interstate 66 Economic Development Program; authorizing the Commonwealth Transportation Board to fix the details of such bonds and to provide for the sale of such bonds at public or private sale; providing for the pledge under a payment agreement with the Treasury Board of Transportation Trust Fund revenues, including funds which may be otherwise appropriated by the General Assembly; further providing that the interest income from such bonds shall be exempt from all taxation within the Commonwealth; and to amend the Code of Virginia by adding a section numbered 58.1-2146.1, relating to the creation of the Interstate 66 Economic Development Program Fund.

LD7178168

Patrons--Parrish, Brickley, Hargrove, Harris, McClure, Rollison and Wilkins; Senators: Barry, Benedetti, Chichester, Colgan, Holland, E.M., Saslaw, Stosch and Woods

IT HAS AGREED TO THE REPORT OF THE COMMITTEE OF CONFERENCE ON THE FOLLOWING SENATE BILL:

S.B. 500

A BILL to authorize the issuance of Commonwealth of Virginia Transportation Revenue Bonds, by and with the consent of the Governor pursuant to the provisions of Article 5 ( 33.1-267 et seq.) of Chapter 3 of Title 33.1 of the Code of Virginia and as permitted by Section 9 (d) of Article X of the Constitution of Virginia, in a principal amount not exceeding $125,000,000, plus an amount for the issuance costs, capitalized interest, reserve funds, and other financing expenses (including, without limitation, any original issue discount), for the purpose of providing funds, with any other available funds, for paying all or a portion of the costs incurred or to be incurred for construction of an adequate, modern, safe, and efficient transportation system in that part of the Commonwealth that comprises the Interstate 66 Economic Development Program; authorizing the Commonwealth Transportation Board to fix the details of such bonds and to provide for the sale of such bonds at public or private sale; providing for the pledge under a payment agreement with the Treasury Board of Transportation Trust Fund revenues, including funds which may be otherwise appropriated by the General Assembly; and further providing that the interest income from such bonds shall be exempt from all taxation within the Commonwealth; and to provide for a funding mechanism to pay, at least in part, the debt service on such bonds by creation of the Interstate 66 Economic Development Program Fund.

LD7196605

Patrons--Colgan, Barry, Benedetti, Chichester, Holland, E.M., Saslaw, Stosch and Woods; Delegates: Brickley, Hargrove, Harris, McClure, Parrish, Rollison and Wilkins

IT HAS AGREED TO THE FOLLOWING HOUSE JOINT RESOLUTION:

H.J.R. 395

On the death of Arnold B. Kassabian.

LD2615344

Patrons--Almand, Albo, Callahan, Cohen, Connally, Dillard, Fisher, Harris, Hull, Keating, Mayer, McClure, Mims, Plum, Puller, Rollison and Scott; Senators: Barry, Gartlan, Holland, E.M., Howell, Saslaw, Waddell and Woods

IN WHICH ACTION IT REQUESTS THE CONCURRENCE OF THE HOUSE OF DELEGATES.

Susan Clarke Schaar Clerk of the Senate

Legislative Information System