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2001 SESSION
HB 1908 Public School Authority; bonds and notes for grants.
Introduced by: Vincent F. Callahan, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Virginia Public School Authority; bonds and notes for grants. Authorizes the Virginia Public School Authority to pledge to certain bonds and notes issued for grants to local school boards any general funds appropriated for such purpose. The Governor's annual budget bill must contain a sum sufficient appropriation to cure any shortfall on any debt service payment date on the bonds or notes. This bill requires the VPSA to report to the Governor and the chairmen of the House Committees on Appropriations and Finance and the Senate Committee on Finance detailing the total amount of the VPSA's outstanding bonds and notes secured by such sum sufficient and describing any instances where such sum sufficient has been used.
SUMMARY AS PASSED HOUSE:
Virginia Public School Authority; bonds and notes for grants. Authorizes the Virginia Public School Authority to pledge to certain bonds and notes issued for grants to local school boards any general funds appropriated for such purpose. The Governor's annual budget bill must contain a sum sufficient appropriation to cure any shortfall on any debt service payment date on the bonds or notes.
SUMMARY AS INTRODUCED:
Virginia Public School Authority; bonds and notes for grants. Authorizes the Virginia Public School Authority to pledge to certain bonds and notes issued for grants to local school boards any general funds appropriated for such purpose. The Governor's annual budget bill must contain a sum sufficient appropriation to cure any shortfall on any debt service payment date on the bonds or notes.