HB1943: Comptroller; reporting other obligations of State, report.

HOUSE BILL NO. 1943
Offered January 10, 2007
Prefiled January 5, 2007
A BILL to amend the Code of Virginia by adding a section numbered 2.2-1801.1, relating to the State Treasurer; reports of other obligations of the Commonwealth.
Patron-- Purkey

Committee Referral Pending

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 2.2-1801.1 as follows:

§ 2.2-1801.1. Treasurer to report other obligations of the Commonwealth.

To assist in the managing, planning, and budgeting of the state's financial resources, the State Treasurer, in conjunction with the Secretary of Finance, shall report biannually to the Governor and the members of the General Assembly each off-balance sheet financial obligation of the Commonwealth, itemized by agency, board, institution, or authority of the Commonwealth, and such other obligations of the Commonwealth that are estimated by the State Treasurer to be incurred.