Virginia Lawmakers Divided on Tax-Exempt Bonds for Transportation Projects

Vadum, Mathew
February 2005
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p4
Trade Publication
The article reports that the fate of legislation that could authorize Virginia to sell tax-exempt bonds for transportation projects is now in the hands of lawmakers representing both chambers of the General Assembly. The negotiations will deal with two separate transportation finance bills that have been on a legislative roller coaster ride in recent days, as both chambers modified the measures repeatedly to reflect their own stances on whether the state should issue bonds for transportation projects. On Tuesday, the House unanimously rejected a bill sponsored by one of its own members, Vincent F. Callahan, Representative-Fairfax County, after senators voted to remove bond authority from it and returned it to the House.


Related Articles

  • Senate Passes Bill to Help American Samoa's Bonds. Barnett, Susanna Duff // Bond Buyer;7/21/2004, Vol. 349 Issue 31930, p4 

    Reports on the U.S. Senate Finance Committee's approval of a bill that would make American Samoa's tax-exempt bonds more attractive to investors. Key provisions of the legislation.

  • DC Enterprise Zone Bond Program, Other E Zone Programs, Are at a Crossroads. Shay-Byrne, Olivia; Fick, Philip J. // Municipal Finance Journal;Winter2004, Vol. 24 Issue 4, p88 

    Focuses on the District of Columbia's Enterprise Zone bond program which expired on December 31, 2003. U.S. Senate bills which have provisions that would extend the Enterprise Zone bond program beyond December 31, 2003; Tax-exempt Enterprise Zone facility bonds issued by the District;...

  • Market participants criticize ongoing use of retroactive effective dates. Resnick, Amy B. // Bond Buyer;10/26/99, Vol. 330 Issue 30755, p5 

    Focuses on the concerns about a trend among legislators of introducing bills aimed at curbing tax exempt bond transactions that carry retroactive effective dates in the United States. Reactions of lawyers and members of municipal bond community to the trend.

  • House Bill Could Provide $10B for Forest, Water Bonds. McConnell, Alison L. // Bond Buyer;8/27/2007, Vol. 361 Issue 32700, p5 

    The article reports on the authorization given to municipal issuers to issue up to $10 billion in tax-exempt bonds for forest conservation and an unspecified amount in clean renewable water supply bonds under legislation introduced by two House members in Congress in the U.S. A bill that would...

  • THE BOND BUYER LEGISLATIVE STATUS REPORT.  // Bond Buyer;2/5/2007, Vol. 359 Issue 32561, p28 

    The article reports on the status of bond buyer legislation in Washington in 2007. The Health and Higher Education Facilities Improvement Act was referred to the House Ways and Means Committee in January 23 but no scheduled hearings yet. The Eligibility of Veterans for Mortgage Bond Financing...

  • California County Seeks Approval From Legislature on Proposed Sale. Saskal, Rich // Bond Buyer;3/12/2007, Vol. 359 Issue 32584, p35 

    The article reports on the request of the Sonoma County Agricultural Preservation and Open Space District to the Legislature to approve what an official describes as a technical bill before proceeding to its plan to issue tax-exempt bonds to finance open space acquisition in California. The...

  • THE BOND BUYER LEGISLATIVE STATUS REPORT.  // Bond Buyer;5/1/2006, Vol. 356 Issue 32371, p34 

    The article reports on the status of various legislative bills related to the bond market in the U.S. Propositions for the elimination of the use of tax-exempt bonds to finance sports stadiums for professional teams. The Joint Tax Committee proposed in a study that the so-called 15 percent...

  • House Committee to Vote on Credit Rating Reform Bill. Ackerman, Andrew // Bond Buyer;7/8/2008, Vol. 365 Issue 32914, p4 

    The article reports on the plan of the House Financial Services Committee in the U.S. to schedule a vote on July 15, 2008 on the credit rating reform bill. The bill requires credit rating agencies to rate municipal, corporate and other securities in the same manner and based on the likelihood of...

  • JetBlue to Tap Muni Market for $50 Million. McKaig, Ryan // Bond Buyer;3/14/2003, Vol. 343 Issue 31593, p40 

    Reports on the approval of $50 million in tax-exempt bonds by New York City Industrial Development Agency in New York on March 11, 2003. Utilization of the proceeds.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics