Education, Board of; school modernization loan interest rate subsidy payments, eligibility. (HB1633)

Introduced By

Del. James Edmunds (R-South Boston)

Progress

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

Description

Board of Education; school modernization loan interest rate subsidy payments; eligibility. Requires the Board of Education to establish a program to use Literary Fund proceeds to subsidize interest payments on certain loans made by the Virginia Public School Authority to local governing bodies and school boards for the design and construction of new school buildings and facilities or the modernization and maintenance of existing school buildings and facilities as follows: for school divisions in localities determined to have above-average or high fiscal stress by the Commission on Local Government in its most recent version of such report, the Board shall subsidize up to 100 percent of the interest due on such loan. Under current law, eligibility for such interest rate subsidy payment is based on the local composite index of ability to pay. Read the Bill »

Status

02/27/2020: passed committee

History

DateAction
01/16/2020Committee
01/16/2020Presented and ordered printed 20104506D
01/16/2020Referred to Committee on Education
01/21/2020Assigned Education sub: Pre-K-12
01/24/2020Impact statement from DPB (HB1633)
01/27/2020Subcommittee recommends reporting (7-Y 0-N)
01/27/2020Subcommittee recommends referring to Committee on Appropriations
01/29/2020Reported from Education (22-Y 0-N) (see vote tally)
01/29/2020Referred to Committee on Appropriations
01/30/2020Assigned App. sub: Elementary & Secondary Education
02/03/2020Subcommittee recommends reporting (7-Y 0-N)
02/03/2020Reported from Appropriations (18-Y 0-N) (see vote tally)
02/05/2020Read first time
02/06/2020Read second time and engrossed
02/07/2020Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/07/2020VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
02/10/2020Constitutional reading dispensed
02/10/2020Referred to Committee on Education and Health
02/18/2020Assigned Education sub: Public Education
02/27/2020Reported from Education and Health with amendments (12-Y 1-N 2-A)
02/27/2020Rereferred to Finance and Appropriations

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 2 minutes.

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