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2001 SESSION
SB 1232 Virginia Resources Authority; power to borrow money, etc.
Introduced by: Kenneth W. Stolle | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Virginia Resources Authority; power to borrow money and issue bonds and credit enhancements; limitation. Requires that the aggregate outstanding principal amount of bonds issued by the Virginia Resources Authority (VRA) and local obligations guaranteed pursuant to credit enhancements by the VRA, which are secured by a capital reserve fund, not exceed $900 million without prior approval by the General Assembly. The current cap on such bonds and obligations is $550 million.
FULL TEXT
- 01/10/01 Senate: Presented & ordered printed, prefiled 01/10/01 015990204 pdf | impact statement
- 02/26/01 Senate: Bill text as passed Senate and House (SB1232ER) pdf | impact statement
- 03/27/01 Governor: Acts of Assembly Chapter text (CHAP0574) pdf
HISTORY
- 01/10/01 Senate: Presented & ordered printed, prefiled 01/10/01 015990204
- 01/10/01 Senate: Referred to Committee on Finance
- 01/24/01 Senate: Reported from Finance (16-Y 0-N)
- 01/25/01 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/25/01 Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
- 01/26/01 Senate: Read second time and engrossed
- 01/29/01 Senate: Read third time and passed Senate (40-Y 0-N)
- 01/29/01 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 01/29/01 Senate: Communicated to House
- 02/02/01 House: Placed on Calendar
- 02/02/01 House: Read first time
- 02/02/01 House: Referred to Committee on Finance
- 02/14/01 House: Reported from Finance (23-Y 0-N)
- 02/16/01 House: Read second time
- 02/19/01 House: Read third time
- 02/19/01 House: Passed by for the day
- 02/20/01 House: Read third time
- 02/20/01 House: Passed House (64-Y 32-N 1-A)
- 02/20/01 House: VOTE: PASSAGE (64-Y 32-N 1-A)
- 02/26/01 Senate: Bill text as passed Senate and House (SB1232ER)
- 03/02/01 Senate: Enrolled
- 03/02/01 House: Signed by Speaker
- 03/02/01 Senate: Signed by President
- 03/24/01 Governor: Approved by Governor-Chapter 574 (effective 7/1/01)
- 03/27/01 Governor: Acts of Assembly Chapter text (CHAP0574)