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1998 SESSION

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HB 31 Higher Educational Institutions Bond Act of 1998.

Introduced by: Whittington W. Clement | all patrons    ...    notes | add to my profiles

SUMMARY:

Commonwealth of Virginia Higher Educational Institutions Bond Act of 1998. Authorizes the issuance of general obligation bonds in the amount of $89,997,400, plus the cost of issuance, for capital projects of certain institutions of higher education. The bonds, including bond anticipation notes, are issued for revenue-producing projects pursuant to Article X, Section 9 (c) of the Constitution of Virginia and are backed by the full faith, credit, and taxing power of the Commonwealth. The bill contains an emergency clause.


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