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2020 SESSION
Uncontested Calendar
House Bills on Third Reading
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H.B. 1246.
A BILL to authorize the issuance of bonds, in an amount up to
$279,470,000 plus financing costs, pursuant to Article X, Section 9 (c) of the Constitution
of Virginia, for paying costs of acquiring, constructing, and equipping
revenue-producing capital projects at institutions of higher learning of the
Commonwealth; to authorize the Treasury Board, by and with the consent of the
Governor, to fix the details of such bonds, to provide for the sale of such
bonds, and to issue notes to borrow money in anticipation of the issuance of
the bonds; to provide for the pledge of the net revenues of such capital
projects and the full faith, credit, and taxing power of the Commonwealth for
the payment of such bonds; to provide that the interest income on such bonds
and notes shall be exempt from all taxation by the Commonwealth and any
political subdivision thereof; and to amend and reenact § 2 of the first enactment
of Chapters 285 and 358 of the Acts of Assembly of
2018 to change the Project Title for a project for The College of William and
Mary in Virginia; emergency. 20104590D
- 01/08/20 House: Prefiled and ordered printed with emergency clause; offered 01/08/20 20104590D
EMERGENCY
Patron--Torian
Reported from Committee on Finance and Appropriations (11-Y 0-N)
YEAS--Howell, Saslaw, Norment, Hanger, Newman, Ruff, Barker, Deeds, Locke, Marsden, McClellan--11.
NAYS--0.
ABSTENTIONS--0.