Airports Revolving Fund; prepayment of loans from Fund. (SB195)
Introduced By
Sen. Martin Williams (R-Newport News)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/10/2006 | Prefiled and ordered printed; offered 01/11/06 069158848 |
01/10/2006 | Referred to Committee on Transportation |
01/26/2006 | Rereferred from Transportation (15-Y 0-N) |
01/26/2006 | Rereferred to Finance |
02/06/2006 | Fiscal impact statement from DPB (SB195) |
02/08/2006 | Stricken at request of Patron in Finance (15-Y 0-N) |