College Building Authority; acquire credit enhancements to secure payment of bonds issued. (HB1205)
Introduced By
Del. Harvey Morgan (R-Gloucester) with support from co-patrons Del. Morgan Griffith (R-Salem), Sen. Mamie Locke (D-Hampton), and Sen. Don McEachin (D-Richmond)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Private institutions of higher education; credit enhancement. Allows the Virginia College Building Authority to issue or acquire credit enhancements to secure payment of bonds issued by the Authority. Credit enhancements include, without limitation, surety bonds, insurance policies, letters of credit, guarantees and other forms of collateral or security as well as capital reserve funds for private institutions of higher education. View Full Text »
Outcome
Bill Has Failed
View Bill's History
