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1995 SESSION

• | print version

HB 1397 College Building Authority.

Introduced by: Robert D. Hull | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia College Building Authority. Amends the Virginia College Building Authority Act to allow such authority to function more like the Virginia Public Building Authority for the benefit of state institutions of higher education. Under current law, the authority works primarily with Virginia's private institutions of higher education. The amendments will also permit the authority to provide a credit enhancement to the program by adding a moral obligation feature for debt issued for the benefit of state public institutions of higher education, and should effect interest cost savings. The bill also authorizes the issuance of $18,500,000 in Virginia College Building Authority debt for the design and construction of the Northern Virginia Graduate Center in the City of Fairfax, a joint project of the University of Virginia and Virginia Polytechnic Institute and State University, and provides a mechanism for the payment of such bonds.

FULL TEXT

• 01/25/94  House: Presented and ordered printed  pdf

HISTORY

• 01/25/94  House: Presented and ordered printed
• 01/25/94  House: Referred to Committee on Appropriations
• 02/15/94  House: Continued to 1995 in Appropriations (21-Y 0-N)
• 12/19/94  House: No action taken by Appropriations by voice vote