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1996 SESSION

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HB 877 Higher Educational Institutions Bond Act of 1996.

Introduced by: V. Earl Dickinson | all patrons    ...    notes | add to my profiles

SUMMARY:

Commonwealth of Virginia Higher Educational Institutions Bond Act of 1996. Authorizes the issuance of revenue bonds in the amount of $113,324,000, plus the cost of issuance, for capital projects of certain institutions of higher education. The bonds are issued for revenue-producing projects pursuant to Article X, Section 9 (c) of the Constitution of Virginia and are backed by the full faith, credit, and taxing power of the Commonwealth. The bill contains an emergency clause.


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