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2002 SESSION

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HB 897 Public Building Authority; powers and duties.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Public Building Authority; powers and duties. Adds as a purpose of the Virginia Public Building Authority the financing or refinancing of capital projects that benefit the Commonwealth and any of its agencies, authorities, boards, departments, instrumentalities, institutions, or regional or local authorities. The Authority is also authorized to finance or refinance (i) reimbursements to localities or entities of all or any portion of the Commonwealth's share of the costs for capital projects and (ii) obligations issued by other state and local authorities or political subdivisions where such obligations are secured by a lease or other payment agreement with the Commonwealth. The bill contains an emergency clause.


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