HB 2436 Bond issues by counties.
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Summary:
Bond issues by counties. Amends the Public Finance Act provision relating to the power of counties to contract debt and issue bonds. The bill requires that certain types of “subject to appropriation” financing be submitted to the voters for approval before counties may enter into such contracts, leases and financing arrangements. The amendment repeals the result of the Virginia Supreme Court's decision in Dykes v. Northern Virginia Transportation District Commission, et al., 411 S.E.2d 1, 242 Va. 357 (1991).

Full text:
01/23/95  House: Presented & ordered printed LD4521356  pdf

Status:
01/23/95  House: Presented & ordered printed LD4521356
01/23/95  House: Referred to Committee on Counties, Cities and Towns
01/30/95  House: Assigned to C. C. T. sub-committee: 2
02/03/95  House: Stricken from docket by C. C. T. (20-Y 0-N)