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2021 SESSION

• | print version

SB 1141 Hampton Roads area refuse collection authority; financial planning.

Introduced by: John A. Cosgrove, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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.

FULL TEXT

• 01/04/21  Senate: Prefiled and ordered printed; offered 01/13/21 21101888D  pdf

HISTORY

• 01/04/21  Senate: Prefiled and ordered printed; offered 01/13/21 21101888D
• 01/04/21  Senate: Referred to Committee on Local Government
• 01/18/21  Senate: Reported from Local Government (13-Y 0-N 1-A)
• 01/19/21  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/20/21  Senate: Read second time and engrossed
• 01/21/21  Senate: Read third time and passed Senate (39-Y 0-N)
• 02/02/21  House: Placed on Calendar
• 02/02/21  House: Read first time
• 02/02/21  House: Referred to Committee on Counties, Cities and Towns
• 02/08/21  House: Continued to Special Session 1 in Counties, Cities and Towns by voice vote