College Building Authority; acquire credit enhancements to secure payment of bonds issued. (SB454)

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
01/13/2010Prefiled and ordered printed; offered 01/13/10 10103961D
01/13/2010Referred to Committee on Education and Health
01/21/2010Rereferred from Education and Health (15-Y 0-N) (see vote tally)
01/21/2010Rereferred to Finance
01/27/2010Impact statement from DPB (SB454)
02/16/2010Continued to 2011 in Finance (15-Y 0-N) (see vote tally)
12/02/2010Left in Finance