VirginiaCommonwealth of Virginia State Parks Bond Act of 2025; created.
What it does
Commonwealth of Virginia State Parks Bond Act of 2025. Authorizes the issuance of Commonwealth of Virginia state parks and recreational facilities bonds pursuant to Article X, Section 9 (b) of the Constitution of Virginia in an amount not exceeding $80,960,000, subject to approval by a majority of the qualified voters of the Commonwealth voting thereon at the November 4, 2025, general election. The purpose of the bonds is to provide funds for deferred maintenance projects at state parks and recreational facilities.
More detail
The full faith and credit of the Commonwealth is pledged for the payment of the principal and interest on the bonds and any bond anticipation notes or refunding bonds. The bill authorizes the Treasury Board, by and with the consent of the Governor, to fix the details of such bonds, to borrow money in anticipation of the issuance of the bonds, and to issue refunding bonds. The bill shall not become effective, and no bonds shall be issued, unless and until voter approval is obtained.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jan 22Stricken from docket by Appropriations (22-Y 0-N)Latest
- Vote recorded Stricken from docket by Appropriations (22-Y 0-N). Result: pass.Lower
- Jan 20Subcommittee recommends striking from the docket (8-Y 0-N)
- Vote recorded Subcommittee recommends striking from the docket (8-Y 0-N). Result: pass.Lower
- Jan 20Fiscal Impact Statement from Department of Planning and Budget (HB2181)
- Jan 17Assigned Approps sub: General Government and Capital OutlayMinor
- Jan 7Referred to Committee on AppropriationsMinor
- Jan 7Prefiled and ordered printed; Offered 01-13-2025 25101851DIntroduced
- Jan 22Stricken from docket by Appropriations (22-Y 0-N)Latest