Summary: An Act to authorize the issuance of bonds, in an amount up to $100,869,000 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; emergency.

General Government and Capital Outlay Subcommittee

Subcommittee recommends reporting (8-Y 0-N)

Summary: An Act to create a six-year capital outlay plan for projects to be funded entirely or partially from general fund–supported resources and to repeal Chapter 94 of the Acts of Assembly of 2021, Special Session I.

General Government and Capital Outlay Subcommittee

Subcommittee recommends reporting with amendments (8-Y 0-N)