VA SB503 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2022 - 25% progression, died in chamber
Action: 2022-02-08 - Stricken at request of Patron in Finance and Appropriations (15-Y 1-N)
Text: Latest bill text (Comm Sub) [HTML]
Status: Introduced on January 12 2022 - 25% progression, died in chamber
Action: 2022-02-08 - Stricken at request of Patron in Finance and Appropriations (15-Y 1-N)
Text: Latest bill text (Comm Sub) [HTML]
Summary
Virginia Resources Authority; short-term loans to planning district commissions. Provides that the Virginia Resources Authority (VRA) shall have the power to establish a perpetual and permanent revolving fund with any funds appropriated by the General Assembly to the VRA for the purpose of making short-term loans to any planning district commission. Under the bill, loans are made for the purpose of providing short-term cash flow necessary for state and federal grants that require the expenditure of funds prior to requesting reimbursement by the planning district commission. Such loans shall be deemed in the public interest, and the loan interest rates charged by the VRA shall be set based on guidelines established for the administration of loan funds and based on prevailing short-term interest rates, according to the bill.
Title
Virginia Resources Authority; short-term loans to planning district commissions.
Sponsors
Roll Calls
2022-02-08 - Senate - Senate: Stricken at request of Patron in Finance and Appropriations (15-Y 1-N) (Y: 15 N: 1 NV: 0 Abs: 0) [PASS]
2022-01-31 - Senate - Senate: Reported from Local Government with substitute (14-Y 0-N 1-A) (Y: 14 N: 0 NV: 1 Abs: 0) [PASS]
2022-01-31 - Senate - Senate: Reported from Local Government with substitute (14-Y 0-N 1-A) (Y: 14 N: 0 NV: 1 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2022-02-08 | Senate | Stricken at request of Patron in Finance and Appropriations (15-Y 1-N) |
2022-01-31 | Senate | Rereferred to Finance and Appropriations |
2022-01-31 | Senate | Committee substitute printed 22105580D-S1 |
2022-01-31 | Senate | Reported from Local Government with substitute (14-Y 0-N 1-A) |
2022-01-12 | Senate | Referred to Committee on Local Government |
2022-01-12 | Senate | Prefiled and ordered printed; offered 01/12/22 22103969D |