Resources Authority; increases debt ceiling for bonds issued by and local obligations guaranteed by. (SB1451)
Introduced By
Sen. Chuck Colgan (D-Manassas)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Virginia Resources Authority; debt capacity. Increases the debt ceiling for bonds issued by and local obligations guaranteed by the Virginia Resources Authority, which assists localities to finance infrastructure projects, from $900 million to $1.5 billion without prior approval of the General Assembly. Amends § 62.1-204 (“Power to borrow money and issue bonds and credit enhancements.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Passed
View Bill's History
