VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

1996 SESSION

• | print version

SJ 115 Constitutional amendment; local debt.

Introduced by: Mark L. Earley | all patrons    ...    notes | add to my profiles

SUMMARY:

Constitutional amendment (first resolution); debt of local governments. Creates an exception for contractual obligations resulting from certain agreements among a city, town, or county, or combination of them, from the limitation on the amount of indebtedness a city or town is allowed to incur. City or towns are prohibited from issuing bonds or other indebtedness, with certain exceptions, in excess of ten percent of the assessed value of real estate in the locality. This exception applies to agreements among local governments for sharing revenue, tax base, or benefits of economic growth. The agreements must be authorized by the General Assembly.

FULL TEXT

• 01/22/96  Senate: Presented & ordered printed 961259753  pdf

HISTORY

• 01/22/96  Senate: Presented & ordered printed 961259753
• 01/22/96  Senate: Referred to Committee on Privileges and Elections
• 02/06/96  Senate: Continued to 1997 in P. & E. (15-Y 0-N)