Higher Educational Institutions; Virginia College Building Authority to issue credit enhancements. (SB1306)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

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

Description

  Private institutions of higher education; credit enhancement.  Allows the Virginia College Building Authority to issue or acquire credit enhancements to secure payment of bonds issued by the Authority. Credit enhancements include, without limitation, surety bonds, insurance policies, letters of credit, guarantees and other forms of collateral or security as well as capital reserve funds for private institutions of higher education. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2011Prefiled and ordered printed; offered 01/12/11 11102159D
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 Finance
01/25/2011Impact statement from DPB (SB1306)
02/08/2011Left in Finance