Debt, state and local; estimates of debt service costs to be included in ballot question. (HB33)

Introduced By

Del. Bob Marshall (R-Manassas)

Description

State and local debt; estimates of debt service costs required.  Requires that bond authorizations by the Commonwealth or by local governments that require voter approval shall include in the published notice estimates of the number of years to amortize the debt and the estimated total debt service to be paid on the principal amount of the bonds. Local governments will be required to provide the same information in public hearing notices for bonds that require a public hearing but not voter approval.   View Full Text »

Outcome

1 vote