Local governments; private capital lending. (SB1352)

Introduced By

Sen. Tommy Norment (R-Williamsburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Private capital lending for local governments and public institutions of higher education. Allows a local government or public institution of higher education to enter into certain conduit lending agreements to finance certain capital projects. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2011Prefiled and ordered printed; offered 01/12/11 11102949D
01/12/2011Referred to Committee on Education and Health
01/20/2011Rereferred from Education and Health (12-Y 0-N) (see vote tally)
01/20/2011Rereferred to Local Government
01/25/2011Reported from Local Government with substitute (13-Y 2-N) (see vote tally)
01/25/2011Committee substitute printed 11104646D-S1
01/25/2011Rereferred to Finance
01/27/2011Impact statement from DPB (SB1352S1)
02/02/2011Reported from Finance (15-Y 0-N) (see vote tally)
02/03/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/04/2011Read second time
02/04/2011Reading of substitute waived
02/04/2011Committee substitute agreed to 11104646D-S1
02/04/2011Engrossed by Senate - committee substitute SB1352S1
02/07/2011Read third time and passed Senate (38-Y 2-N) (see vote tally)
02/09/2011Placed on Calendar
02/09/2011Read first time
02/09/2011Referred to Committee on Counties, Cities and Towns
02/10/2011Assigned CC & T sub: #2
02/18/2011Reported from Counties, Cities and Towns (19-Y 2-N) (see vote tally)
02/21/2011Read second time
02/22/2011Read third time
02/22/2011Passed by for the day
02/23/2011Read third time
02/23/2011Amendment by Delegate Ingram agreed to
02/23/2011Engrossed by House as amended
02/23/2011Passed House with amendment (94-Y 4-N)
02/23/2011VOTE: PASSAGE (94-Y 4-N) (see vote tally)
02/24/2011House amendment agreed to by Senate (40-Y 0-N) (see vote tally)
03/03/2011Enrolled
03/03/2011Bill text as passed Senate and House (SB1352ER)
03/03/2011Signed by Speaker
03/06/2011Signed by President
03/08/2011Impact statement from DPB (SB1352ER)
03/25/2011G Approved by Governor-Chapter 562 (effective 7/1/11)
03/25/2011G Acts of Assembly Chapter text (CHAP0562)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 4 minutes.

Comments

stephen writes:

Where the heck you getting all this money from, and if you got money to lend, then you over taxed me, and i want it back.