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1998 SESSION

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SB 487 Powers of the Virginia Resources Authority.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY:

Powers of the Virginia Resources Authority. Provides the Virginia Resources Authority (VRA) with the power to establish a credit enhancement surety bond program. VRA is also empowered to use a state aid intercept program when a county, city or town defaults on any local obligations held or credit enhanced by the Authority.


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