VA SJR361 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-02-08 - Senate: Left in Privileges and Elections
Pending: Senate Privileges and Elections Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-02-08 - Senate: Left in Privileges and Elections
Pending: Senate Privileges and Elections Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Constitutional amendment (first resolution); limitation on debt. Provides that in any ten fiscal year period beginning with fiscal years of the Commonwealth starting on or after July 1, 2012, no more than the amount computed by first multiplying each year's realized and projected blended revenues by five percent and then taking an average of the resulting products would be used directly or indirectly for principal, interest, or other payments on debt. The bill defines debt as any debt issued or entered into for transportation projects and purposes, public buildings, or capital leases and other long-term obligations primarily secured by blended revenues.
Title
Constitutional amendment; limitation on debt (first reference).
Sponsors
History
Date | Chamber | Action |
---|---|---|
2011-02-08 | Senate: Left in Privileges and Elections | |
2011-01-14 | Senate: Assigned to P&E sub: Constitutional Amendments, Reapportionment, Referenda | |
2011-01-12 | Senate: Referred to Committee on Privileges and Elections | |
2011-01-12 | Senate: Prefiled and ordered printed; offered 01/12/11 11101411D |
Subjects
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SJ361 |
Text | https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SJ361+hil |