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1999 SESSION

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HB 2379 Literary Fund loans; legal opinion required.

Introduced by: Harry B. Blevins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Literary Fund loans; legal opinion required. Prohibits the Board of Education from disbursing any proceeds of any approved Literary Fund loan prior to the receipt of an acceptable opinion of bond counsel obtained by the local governing body as to the validity of the loan and the status under federal income tax laws of the interest on such loan. The Literary Fund was originally established in 1810 as a statutory mechanism for funding the education of poor children and was added to the Virginia Constitution in 1869. The Fund provides direct loans for new construction, building additions or renovations, the purchase and installation of educational technology equipment and infrastructure, interest rate subsidies for projects funded through the Virginia Public School Authority, and moneys for other school purposes, such as teacher retirement and debt service on technology equipment notes. This bill is nearly identical to SB 779.

FULL TEXT

• 01/21/99  House: Presented & ordered printed 995216809  pdf
• 02/08/99  House: Printed as engrossed 995216809-E  pdf
• 02/18/99  Senate: Committee substitute printed 991132130-S1  pdf
• 03/09/99  House: Bill text as passed House and Senate (HB2379ER)  pdf
• 04/08/99  Governor: Acts of Assembly Chapter text (CHAP0748)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/21/99  House: Presented & ordered printed 995216809
• 01/21/99  House: Referred to Committee on Education
• 02/05/99  House: Reported from Education with amendments (23-Y 0-N)
• 02/06/99  House: Read first time
• 02/07/99  House: Passed by for the day
• 02/08/99  House: Read second time
• 02/08/99  House: Committee amendments agreed to
• 02/08/99  House: Engrossed by House as amended
• 02/08/99  House: Printed as engrossed 995216809-E
• 02/09/99  House: Read third time and passed House (100-Y 0-N)
• 02/09/99  House: VOTE: PASSAGE (100-Y 0-N)
• 02/09/99  House: Communicated to Senate
• 02/10/99  Senate: Constitutional reading dispensed
• 02/10/99  Senate: Referred to Committee on Education and Health
• 02/18/99  Senate: Reported from Ed. & H. with substitute (15-Y 0-N)
• 02/18/99  Senate: Rereferred to Finance
• 02/18/99  Senate: Committee substitute printed 991132130-S1
• 02/19/99  Senate: Reported from Finance (14-Y 0-N)
• 02/22/99  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
• 02/22/99  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/23/99  Senate: Read third time
• 02/23/99  Senate: Reading of substitute waived
• 02/23/99  Senate: Committee substitute agreed to 991132130-S1
• 02/23/99  Senate: Engrossed by Senate - comm. sub. 991132130-S1
• 02/23/99  Senate: Passed Senate with substitute (38-Y 0-N)
• 02/23/99  Senate: VOTE: PASSAGE R (38-Y 0-N)
• 02/23/99  Senate: Rec. of Sen. passage agreed to by Senate (39-Y 0-N)
• 02/23/99  Senate: VOTE: RECONSIDER R (39-Y 0-N)
• 02/23/99  Senate: Passed Senate with substitute (39-Y 0-N)
• 02/23/99  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 02/24/99  House: Placed on Calendar
• 02/25/99  House: Senate sub agreed to by House (Block Vote) (100-Y 0-N)
• 02/25/99  House: VOTE: BLOCK VOTE-ADOPTION (100-Y 0-N)
• 03/09/99  House: Bill text as passed House and Senate (HB2379ER)
• 03/12/99  House: Enrolled
• 03/12/99  House: Signed by Speaker
• 03/15/99  Senate: Signed by President
• 03/28/99  Governor: Approved by Governor-Chapter 748 (effective 7/1/99)
• 04/08/99  Governor: Acts of Assembly Chapter text (CHAP0748)