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2009 SESSION

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SB 1245 Public Building Authority; financing energy performance-based contract projects.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Virginia Public Building Authority; financing energy performance-based contract projects.  Authorizes the Virginia Public Building Authority to issue bonds in a principal amount not to exceed $50,000,000 for the financing of projects on state-owned buildings that are contracted under an energy performance-based contract. The bill will not become effective unless the State Treasurer, by September 1, 2009, certifies that bonds or indebtedness issued pursuant to the act would not negatively impact the debt capacity of the Commonwealth.


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