HB 885 Higher Education and Related Educational Facilities Bond Act of 1998.
Alan A. Diamonstein | all patrons    ...    notes
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Summary:
Commonwealth of Virginia Higher Education and Related Educational Facilities Bond Act of 1998. Subject to approval by a majority of the qualified voters of the Commonwealth voting thereon at the November 3, 1998, general election, 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 $211,700,000. The purpose of the bonds is to provide funds for paying, together with any other available funds, the cost of maintaining, restoring, repairing, improving, 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 provide for their sale at public or private sale, 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:
01/26/98  House: Presented & ordered printed 988823204  pdf
02/17/98  House: Committee substitute printed 989757204-H1  pdf

Status:
01/26/98  House: Presented & ordered printed 988823204
01/26/98  House: Referred to Committee on Appropriations
02/17/98  House: Reported from Appropriations with sub. (15-Y 11-N)
02/17/98  House: Committee substitute printed 989757204-H1
02/18/98  House: Read first time
02/19/98  House: Read second time
02/19/98  House: Committee substitute agreed to 989757204-H1
02/19/98  House: Motion for pending question agreed to
02/19/98  House: Pending question ordered
02/19/98  House: Engrossed by House - com. sub. 989757204-H1 (62-Y 32-N)
02/19/98  House: VOTE: ENGROSSMENT (62-Y 35-N)
02/20/98  House: Read third time and passed House (59-Y 38-N)
02/20/98  House: VOTE: PASSAGE (59-Y 38-N)
02/20/98  House: Communicated to Senate
02/23/98  Senate: Constitutional reading dispensed
02/23/98  Senate: Referred to Committee on Finance
03/03/98  Senate: Failed to report (defeated) in Finance (8-Y 8-N)