Thursday, August 28, 2008
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Search 2008 Bills:

HB474: Virginia War Memorial; State Treasurer to advance loan for construction of an educational wing.

HOUSE BILL NO. 474
AMENDMENT IN THE NATURE OF A SUBSTITUTE
(Proposed by the House Committee on Appropriations
on January 28, 2008)
(Patron Prior to Substitute--Delegate Cox)
A BILL to authorize the State Comptroller to advance a no-interest, short-term treasury loan for improvements to the Virginia War Memorial, and to repeal Chapter 580 of the Acts of Assembly of 2007.

Be it enacted by the General Assembly of Virginia:

1.  § 1. That upon certification by the Governor or his designee that $2 million in private funds have been raised, pledged, or expended that: (i) are currently available or have been expended, and (ii) were or will be used to support construction of an educational wing for the Virginia War Memorial and expand the Shrine of Memory for War on Terror Virginians killed in action, the State Comptroller shall advance a loan of $5.97 million to the state agency specified by the Governor or his designee for the state share of the construction in the form of a short-term treasury loan, with no interest.

§ 2. The State Comptroller shall advance $500,000 of the $5.97 million upon certification that $1 million in private funds have been raised, pledged, or expended for the educational wing. This amount shall be used for the educational wing portion of the project.

2. That Chapter 580 of the Acts of Assembly of 2007 is repealed.

HOUSE BILL NO. 474
Offered January 9, 2008
Prefiled January 7, 2008
A BILL to authorize the State Treasurer to advance a no-interest, short-term treasury loan for improvements to the Virginia War Memorial.
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Patron-- Cox
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Committee Referral Pending
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Be it enacted by the General Assembly of Virginia:

1.  § 1. That upon certification by the Secretary of Administration that $2 million in private funds have been raised, that: (i) are currently available or have been expended, and (iii) were or will be used to support construction of an educational wing for the Virginia War Memorial and expand the shrine of memory for War on Terror Virginians killed in action, the State Treasurer shall advance a loan of $5.97 million to the Department of General Services for the state share of the construction in the form of a short-term treasury loan, with no interest.

§ 2. The State Treasurer shall advance $500,000 of the $5.97 million upon certification that $1 million in private funds have been raised or expended for the educational wing.  This amount shall be used for the educational wing portion of the project.

Additional Data

Explanation

This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.

Words that are highlighted in yellow are proposed additions, and words that are crossed out in red are proposed removals.

The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.

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