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.

1999 SESSION

• history | hilite | pdf | print version

996521128
HOUSE BILL NO. 2436 Offered January 21, 1999 A BILL to amend the Code of Virginia by adding a section numbered 9-265.1, relating to the creation of the Advanced Communications Assistance Fund. ----------
Patrons-- Bennett, Abbitt, Almand, Armstrong, Blevins, Brink, Cantor, Clement, Deeds, Dudley, Griffith, Hall, Harris, Hull, Ingram, Johnson, Keating, Murphy, Parrish, Phillips, Plum, Robinson, Rust, Scott, Stump, Tate, Wagner, Watts and Williams; Senators: Forbes, Howell, Lucas, Marsh, Miller, Y.B., Newman, Norment, Ticer, Watkins and Whipple
---------- Referred to Committee on Science and Technology ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 9-265.1 as follows:

§ 9-265.1. Advanced Communications Assistance Fund created; purposes.

From such funds as may be appropriated by the General Assembly and any gifts, grants, or donations from public or private sources, there is hereby created in the state treasury a special nonreverting, permanent fund, to be known as the Advanced Communications Assistance Fund (“the Fund”), to be administered by the Authority. The Fund shall be established on the books of the Comptroller. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely for the purpose of helping underserved localities in the Commonwealth take full advantage of advanced communications services. Expenditures and disbursements from the Fund, which may consist of grants or loans, shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the chairman or the vice chairman of the Authority, or, if so authorized by the Authority, his facsimile signature and the official seal of the Authority. Notwithstanding the provisions of §15.2-1500, such loans or grants shall be used to help finance the costs of planning, designing, purchasing, leasing, installing, and maintaining fiber-optic, satellite, or wireless communications networks in underserved localities in the Commonwealth.