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1996 SESSION
964390144Patrons-- Callahan, Albo, Almand, Brickley, Bryant, Darner, Diamonstein, Dillard, Drake, Fisher, Harris, Heilig, Hull, Katzen, Keating, May, McClure, McEachin, Mims, Moran, Nelms, O'Brien, Parrish, Plum, Puller, Robinson, Scott, Tata and Watts; Senators: Couric, Gartlan, Hawkins, Howell, Lambert, Martin, Potts, Waddell, Whipple and Woods
WHEREAS, the Virginia Baseball Stadium Authority was created in 1992 to finance and construct a major league baseball stadium in the Commonwealth; and
WHEREAS, the Commonwealth views the acquisition of a major league baseball franchise as a major economic development opportunity for the state that would benefit the citizens of Virginia by providing recreational opportunities as well as economic development benefits associated with major league baseball; and
WHEREAS, in order to attract a major league baseball franchise, the Virginia Baseball Stadium Authority must demonstrate that it has in place a sound financial vehicle for constructing, maintaining and operating a major league baseball stadium; now, therefore, be it
RESOLVED by the House of Delegates, the Senate concurring, That a joint
subcommittee be established to study financing options for constructing a major
league baseball stadium in Virginia. The subcommittee shall consider the
appropriate roles for state and local government and the private sector,
possible revenue sources, and the costs to state and local government. The
subcommittee shall be composed of 13 members as follows: four members of the
House, with expertise in appropriations, and two representatives of local
government to be appointed by the Speaker of the House; three members of the
Senate, with expertise in finance, and two citizens of the Commonwealth [ one
each ] to be appointed by the [ Speaker of the House and the ] Senate
Committee on Privileges and Elections; and two members of the Virginia Baseball
Stadium Authority [ to be designated by the Authority to be appointed
by the Speaker of the House, upon the recommendation of the Authority ] .
The appointments shall be made as expeditiously as possible in order to
facilitate early reporting.
The direct costs of this study shall not exceed $7,750.
The Division of Legislative Services shall provide staff support for the study. All agencies of the Commonwealth shall provide assistance to the joint subcommittee, upon request.
The joint subcommittee shall complete its work in time to submit its findings and recommendations to the Governor and the General Assembly by July 1, 1996.
Implementation of this resolution is subject to subsequent approval and certification by the Joint Rules Committee. The Committee may withhold expenditures or delay the period for the conduct of the study.