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
12/04/2020: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/16/2020 | Presented and ordered printed 20104506D |
| 01/16/2020 | Referred to Committee on Education |
| 01/21/2020 | Assigned Education sub: Pre-K-12 |
| 01/24/2020 | Impact statement from DPB (HB1633) |
| 01/27/2020 | Subcommittee recommends reporting (7-Y 0-N) |
| 01/27/2020 | Subcommittee recommends referring to Committee on Appropriations |
| 01/29/2020 | Reported from Education (22-Y 0-N) (see vote tally) |
| 01/29/2020 | Referred to Committee on Appropriations |
| 01/30/2020 | Assigned App. sub: Elementary & Secondary Education |
| 02/03/2020 | Subcommittee recommends reporting (7-Y 0-N) |
| 02/03/2020 | Reported from Appropriations (18-Y 0-N) (see vote tally) |
| 02/05/2020 | Read first time |
| 02/06/2020 | Read second time and engrossed |
| 02/07/2020 | Read third time and passed House BLOCK VOTE (100-Y 0-N) |
| 02/07/2020 | VOTE: Block Vote Passage (100-Y 0-N) (see vote tally) |
| 02/10/2020 | Constitutional reading dispensed |
| 02/10/2020 | Referred to Committee on Education and Health |
| 02/18/2020 | Assigned Education sub: Public Education |
| 02/27/2020 | Reported from Education and Health with amendments (12-Y 1-N 2-A) (see vote tally) |
| 02/27/2020 | Rereferred to Finance and Appropriations |
| 03/02/2020 | Continued to 2021 in Finance and Appropriations (15-Y 0-N) (see vote tally) |
| 12/04/2020 | Left in Finance and Appropriations |