Constitutional amendment; limitation on debt (first reference). (SJ396)
Introduced By
Sen. Dick Saslaw (D-Springfield)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
Description
Constitutional amendment (first resolution); limitation on debt. Provides that in any 10-fiscal-year period beginning with fiscal years of the Commonwealth starting on or after July 1, 2012, no more than five percent of projected blended revenues applicable to the 10-year period would be used directly or indirectly for principal, interest, or other payments on debt. In addition, no more than five percent of projected blended revenues for each year of the 10-year period would be included in the official estimates of the debt capacity of the Commonwealth. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/21/2011 | Presented and ordered printed 11104257D |
01/21/2011 | Referred to Committee on Privileges and Elections |
01/26/2011 | Assigned to P&E sub: Constitutional Amendments, Reapportionment, Referenda |
02/01/2011 | Stricken at request of Patron in Privileges and Elections (14-Y 0-N) (see vote tally) |