Charter; City of Hopewell. (HB2494)
Introduced By
Del. Riley Ingram (R-Hopewell) with support from co-patrons Del. Joe Morrissey (D-Highland Springs), Sen. Henry Marsh (D-Richmond), and Sen. Fred Quayle (R-Suffolk)
Progress
√ |
Introduced |
√ |
Passed Committee |
√ |
Passed House |
√ |
Passed Senate |
√ |
Signed by Governor |
√ |
Became Law |
Description
Charter; City of Hopewell. Amends the charter to allow most bonds to be issued by the City of Hopewell upon the affirmative vote in a referendum of voters pursuant to the Code of Virginia, rather than on an affirmative vote of a majority of all members of city council, as is the current procedure. The only bonds that may still be issued upon an affirmative vote of a majority of city council members are (i) bonds issued for improvements to existing public buildings; (ii) bonds not exceeding $10 million, as adjusted for inflation, issued for economic development purposes as determined by the city council; (iii) revenue bonds; (iv) refunding bonds; and (v) tax and revenue anticipation obligations that mature within one year from the date of their issue. Further amends the charter to allow city council to elect to participate in a regional free library system in lieu of establishing a local library board and appoint members of the board of such system as permitted under the inter-jurisdictional contract establishing the regional library system. View Full Text »
