Airports Revolving Fund; prepayment of loans from Fund. (SB195)

Introduced By

Sen. Martin Williams (R-Newport News)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Airports Revolving Fund; prepayment of loans from the Fund. Provides that the Virginia Resources Authority (VRA) may not include as a provision in a loan from the Fund any penalty for early payment. The bill would allow the Authority to charge and collect costs directly relating to the defeasance of principal and interest on obligations issued by the Authority. The bill would also prohibit VRA from collecting a prepayment penalty on any loan outstanding to a local government as of June 30, 2006. Read the Bill »


Bill Has Failed


01/10/2006Prefiled and ordered printed; offered 01/11/06 069158848
01/10/2006Referred to Committee on Transportation
01/26/2006Rereferred from Transportation (15-Y 0-N)
01/26/2006Rereferred to Finance
02/06/2006Fiscal impact statement from DPB (SB195)
02/08/2006Stricken at request of Patron in Finance (15-Y 0-N)