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1997 SESSION

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HB 1038 Revenue bonds for institutions of higher education.

Introduced by: Alan A. Diamonstein | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia College Building Authority. Amends the Virginia College Building Authority Act to allow the Authority to function more like the Virginia Public Building Authority for the benefit of state institutions of higher education and related educational facilities. Under current law, the Authority works primarily with Virginia's private institutions of higher education. The amendments will 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 related educational facilities, and should produce interest cost savings. The bill also authorizes the issuance of $100 million in Virginia College Building Authority debt.

FULL TEXT

• 01/22/96  House: Presented & ordered printed 967191204  pdf

HISTORY

• 01/22/96  House: Presented & ordered printed 967191204
• 01/22/96  House: Referred to Committee on Appropriations
• 02/13/96  House: Continued to 1997 in Appropriations (16-Y 5-N)
• 12/20/96  House: No action taken by Appropriations by voice vote