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2000 SESSION
HB 517 Public Building Authority; projects under Fire Services Grant Program.
Introduced by: Whittington W. Clement | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Virginia Public Building Authority; financing projects under the Fire Services Grant Program. Authorizes the Virginia Public Building Authority to issue revenue bonds in an amount not to exceed $10 million plus financing expenses, and to deposit the proceeds in the Fire Services Grant Fund to assist combinations of localities with burn building or fire training facility construction and improvements. Prior to the issuance of the bonds the Virginia Fire Services Board shall present a plan for the allocation of the proceeds, and a repayment schedule, to be approved by the Governor. The bill amends portions of current law concerning the Virginia Public Building Authority and the Fire Services Grant Fund to accommodate the issuance and payment of the bonds. The bill also provides that a portion of any increases from year to year in deposits into the Fire Programs Fund will be used in the Fire Services Grant Fund Program.
SUMMARY AS INTRODUCED:
Virginia Public Building Authority; financing projects under the Fire Services Grant Program. Authorizes the Virginia Public Building Authority to issue revenue bonds in an amount not to exceed $10 million plus financing expenses, and to deposit the proceeds in the Fire Services Grant Fund to assist localities, or combinations thereof, with fire training facility maintenance and improvements. Prior to the issuance of the bonds the Virginia Fire Services Board shall present a plan for the allocation of the proceeds, and a repayment schedule, to be approved by the Governor. The bill amends portions of current law concerning the Virginia Public Building Authority and the Fire Services Grant Fund to accommodate the issuance and payment of the bonds. The bill also provides that a portion of any increases from year to year in deposits into the Fire Programs Fund will be used in the Fire Services Grant Fund Program.