Virginia House, Senate OK Separate Measures, Both With $278M of College Debt

Vadum, Matthew
February 2005
Bond Buyer;2/14/2005, Vol. 351 Issue 32070, p5
Trade Publication
Reports that the Virginia House of Delegates and Senate has embraced versions of the mid-biennium fiscal 2005-06 budgetary amendment package that would authorize revenue bonds for colleges and universities but no additional tax-backed debt. Revenue bonds that colleges and universities will issue for various construction projects; House plan's focus on more pay-as-you-go capital to transport projects than would the Senate plan; Approval of a bill that would accelerate a scheduled reduction in the state's sales tax rate on food.


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