HB 449 Public Building Authority; refunding of bonds issued by others.
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Virginia Public Building Authority; refunding of bonds issued by other issuers. Authorizes the Virginia Public Building Authority (VPBA) to refinance bonds issued by other state and local authorities and political subdivisions if the bonds are secured by a lease or other payment agreement with the Commonwealth. The current $1,386 million cap on VPBA-issued bonds is reduced to $1,140 million, exclusive of certain bonds to refinance certain obligations. The VPBA's authority to issue revenue bonds is made subject to the consent of the Governor. The Governor is authorized to designate the chairman of the VPBA. Currently, the members of the VPBA elect the chairman. The measure also provides that the format for statements of expected financing costs for the construction of jail projects is to be prescribed by the Department of the Treasury rather than by the Treasury Board. The measure clarifies requirements regarding the bidding for construction and other contracts for projects to be owned by the VPBA or any state agency.

Full text:
01/16/98  House: Presented & ordered printed 983135809  pdf
02/16/98  House: Printed as engrossed 983135809-E  pdf
03/04/98  House: Bill text as passed House and Senate (HB449ER)  pdf
04/22/98  Governor: Acts of Assembly Chapter text (CHAP0498)  pdf

House amendments

01/16/98  House: Presented & ordered printed 983135809
01/16/98  House: Referred to Committee on Appropriations
02/14/98  House: Reported from Appropriations with amd. (28-Y 0-N)
02/15/98  House: Read first time
02/16/98  House: Read second time
02/16/98  House: Committee amendment agreed to
02/16/98  House: Engrossed by House as amended
02/16/98  House: Constitutional reading dispensed (99-Y 0-N)
02/16/98  House: VOTE: CONSTITUTIONAL READING (99-Y 0-N)
02/16/98  House: Passed House (Block Vote) (100-Y 0-N)
02/16/98  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/16/98  House: Communicated to Senate
02/16/98  House: Printed as engrossed 983135809-E
02/17/98  Senate: Constitutional reading dispensed
02/17/98  Senate: Referred to Committee on Finance
02/25/98  Senate: Reported from Finance (17-Y 0-N)
02/26/98  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
02/26/98  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
02/27/98  Senate: Read third time
02/27/98  Senate: Passed Senate (39-Y 0-N)
02/27/98  Senate: VOTE: PASSAGE R (39-Y 0-N)
03/04/98  House: Bill text as passed House and Senate (HB449ER)
03/11/98  House: Enrolled
03/11/98  House: Signed by Speaker
03/12/98  Senate: Signed by President
04/15/98  Governor: Approved by Governor-Chapter 498 (effective 7/1/98)
04/22/98  Governor: Acts of Assembly Chapter text (CHAP0498)