Virginia College Building Authority; financing projects, participating institutions. (SB313)

Introduced By

Sen. Chap Petersen (D-Fairfax)

Progress

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

Description

Virginia College Building Authority; projects; participating institutions. Permits any organization that is exempt from federal income taxation pursuant to 501(c)(3) of the Internal Revenue Code and that is owned or controlled by a public institution of higher education in the Commonwealth or whose purpose is to support or otherwise benefit a public institution of higher education in the Commonwealth to finance projects through the Virginia College Building Authority. Read the Bill »

Status

03/06/2016: Passed the General Assembly

History

DateAction
01/08/2016Prefiled and ordered printed; offered 01/13/16 16100739D
01/08/2016Referred to Committee on Education and Health
01/15/2016Impact statement from DPB (SB313)
01/21/2016Assigned Education sub: Higher Education
02/11/2016Reported from Education and Health (12-Y 3-N) (see vote tally)
02/12/2016Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/15/2016Read second time and engrossed
02/15/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/15/2016Passed Senate (38-Y 2-N) (see vote tally)
02/17/2016Placed on Calendar
02/17/2016Read first time
02/17/2016Referred to Committee on Education
02/19/2016Assigned Education sub: Higher Education
02/23/2016Subcommittee recommends reporting (9-Y 0-N)
02/29/2016Reported from Education (22-Y 0-N) (see vote tally)
03/01/2016Read second time
03/02/2016Read third time
03/02/2016Passed House BLOCK VOTE (99-Y 0-N)
03/02/2016VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/03/2016Enrolled
03/03/2016Bill text as passed Senate and House (SB313ER)
03/03/2016Impact statement from DPB (SB313ER)
03/03/2016Signed by Speaker
03/06/2016Signed by President
03/07/2016Enrolled Bill Communicated to Governor on 3/7/2016
03/07/2016G Governor's Action Deadline Midnight, Sunday, April 10, 2016

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 3 minutes.

Transcript

This is a transcript of the video clips in which this bill is discussed.



Del. Bill Howell (R-Fredericksburg): THE QUESTION IS SHALL SENATE BILL 224 PASS. ALL IN FAVOR OF THE MOTION WILLS AYE, THOSE OPPOSED NO. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY SENATORS DESIRE TO CH ANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 30, NOS 10. AYES 30, NOS 10. THE BILL PASSES. SENATE BILL 313. THE SENATOR FROM FAIRFAX CITY, SENATOR PETERSEN.

Sen. Chap Petersen (D-Fairfax): THANK YOU, MR. PRESIDENT. THAT WAS REQUESTED BY MOVE THAT THE BILL PASS AND SPEAK TO THE BILL.

[Unknown]: THE SENATOR HAS THE FLOOR.

Sen. Chap Petersen (D-Fairfax): THIS WAS A BILL REQUESTED BY THE BCBA TO ALLOW THEM TO BE A CONDUIT ISSUE OF DEBT FOR RELATED FOUNDATIONS TO THE PUBLIC COLLEGES AND UNIVERSITIES AND THE TAXPAYER WOULD NOT BE LIABLE FOR THIS DEBT, NOT LIBEL. HOWEVER, THE FOUNDATIONS THAT SEEK TO USE THE VCBA COULD SAVE MONEY ISSUING COSTS.

Del. Bill Howell (R-Fredericksburg): THE QUESTION IS SHALL SENATE BILL 313 PASS.


Del. Steve Landes (R-Weyers Cave): THANK YOU, MR. SPEAKER SENATE BILL 313 PERMITS ANY ORGANIZATION EXEMPT FROM THE FEDERAL INCOME TAXATION AND IS OWNED OR CONTROLLED BY A PUBLIC INSTITUTION OF A HIGHER EDUCATION OR SUPPORT AND BENEFIT HIGHER EDUCATION IN VIRGINIA TO FINANCE PROJECTS THROUGH THE VIRGINIA COLLEGE BUILDING AUTHORITY. MR. SPEAKER, I MOVE THE HOUSE PASS THE BILL.

[Unknown]: CONTINUING, SENATE BILL 338 A BILL TO AMEND THE CODE OF VIRGINIA RELATED TO STUDENT STUDY ABROAD PROGRAM WAS AN AMENDMENT.

Del. Steve Landes (R-Weyers Cave): GENTLEMAN FROM AUGUSTA, MR. LANDES. FIRST, I'D LIKE TO MOVE THE COMMITTEE AMENDMENT.

Del. Bill Howell (R-Fredericksburg): THOSE IN FAVOR SAY AYE. OPPOSED, NO. THE AMENDMENT AGREED TO. GENTLEMAN FROM AUGUSTA.

Del. Steve Landes (R-Weyers Cave): THANK YOU, MR. SPEAKER, MR.

Duplicate Bills

The following bills are identical to this one: HB1012.