Hampton Roads area refuse collection authority; financial planning. (SB1141)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

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

Description

Hampton Roads area refuse collection authority; financial planning. Changes various requirements of the Southeastern Public Service Authority (the Authority) when budgeting or incurring debt, including (i) changing the required five-year overall strategic plan to a financial plan, (ii) specifying that detailed financial plans be made only when incurring long-term debt or issuing new debt, (iii) authorizing other qualified financial consultants instead of a certified public accountant to assist in the creation of the detailed financial plan, (iv) changing from the Authority's Board of Directors to the Authority the body that performs a due diligence investigation of the appropriateness of issuing new debt, and (v) and raising the permissible threshold for the executive director of the authority to execute or commit the authority to a contract, memorandum of agreement, or memorandum of understanding without acquiring Board approval. Read the Bill »

Status

01/19/2021: Awaiting a Vote in the Local Government Committee

History

DateAction
01/04/2021Prefiled and ordered printed; offered 01/13/21 21101888D
01/04/2021Referred to Committee on Local Government
01/18/2021Reported from Local Government (13-Y 0-N 1-A)

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