Virginia 2019 Regular Session Status: Enacted

HB 2357 — Commonwealth of Virginia Institutions of Higher Education Bond Act of 2019; created.

Last action — Approved by Governor-Chapter 187 (effective 3/5/19)

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House of Delegates
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 08, 2019. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 6 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Authorizes issuance of bonds in an amount up to $17,500,000 for revenue-producing capital projects at institutions of higher education. The bill contains an emergency clause and is identical to

Bill Text

What changed in the latest version

32 added · 34 removed

Plain-language change summary

The recent amendments to Bill HB 2357 primarily clarified the wording and updated the provisions regarding the state’s issuance of bonds for funding capital projects at colleges and universities in Virginia. It maintains the total amount of $17.5 million but streamlines language around the Treasury Board's authority to manage the bonds and includes specifics about the tax-exempt status of the interest income from these bonds. These changes are important because they enhance transparency and make it easier for state officials to execute funding for higher education projects, ultimately benefiting students and institutions.

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Latest
SESSION history | hilite | pdf | print version VIRGINIA ACTS OF ASSEMBLY -- CHAPTER An Act to authorize the issuance of bonds, in an amount up to $17,500,000 plus financing costs, pursuant to Article X, Section 9 (c) of the Constitution of Virginia, for paying costs of acquiring, constructing, and equipping revenue-producing capital projects at institutions of higher education of the Commonwealth;
SESSION history | hilite | pdf | print version CHAPTER 187 An Act to authorize the issuance of bonds, in an amount up to $17,500,000 plus financing costs, pursuant to Article X, Section 9 (c) of the Constitution of Virginia, for paying costs of acquiring, constructing, and equipping revenue-producing capital projects at institutions of higher education of the Commonwealth;
[H 2357] Approved   Whereas, Article X, Section 9 (c) of the Constitution of Virginia provides that the General Assembly may authorize the creation of debt secured by a pledge of net revenues derived from rates, fees, or other charges and the full faith and credit of the Commonwealth of Virginia, provided that such debt is created for specific revenue-producing capital projects, including their enlargement or improvement, at, among others, institutions of higher education of the Commonwealth;
[H 2357] Approved March 5, 2019   Whereas, Article X, Section 9 (c) of the Constitution of Virginia provides that the General Assembly may authorize the creation of debt secured by a pledge of net revenues derived from rates, fees, or other charges and the full faith and credit of the Commonwealth of Virginia, provided that such debt is created for specific revenue-producing capital projects, including their enlargement or improvement, at, among others, institutions of higher education of the Commonwealth;
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Action History

  1. Approved by Governor-Chapter 187 (effective 3/5/19)

  2. Governor's Action Deadline Midnight, March 26, 2019

  3. Enrolled Bill communicated to Governor on February 21, 2019

  4. Signed by President

  5. Signed by Speaker

  6. Enrolled

  7. Read third time

  8. Referred to Committee on Finance

  9. Constitutional reading dispensed

  10. Read third time and passed House BLOCK VOTE (99-Y 0-N)

  11. Read second time and engrossed

  12. Read first time

  13. Assigned App. sub: General Government & Capital Outlay

  14. Referred to Committee on Appropriations

  15. Prefiled and ordered printed with emergency clause; offered 01/09/19 19102505D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passed Senate

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 40000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)
Member Party Vote
Chafin — Yea
Dance — Yea
Wagner — Yea
McClellan — Yea
Spruill — Yea
Black — Yea
Carrico — Yea
Barbara A. Favola — Yea
Barker, George L. — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Chase, Amanda F. — Yea
Cosgrove, John A., Jr. — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Dunnavant, Siobhan S. — Yea
Ebbin, Adam P. — Yea
Edwards, John S. — Yea
Glen H. Sturtevant, Jr. — Yea
Hanger, Emmett W., Jr. — Yea
Howell, Janet D. — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lewis, Lynwood W., Jr. — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
Mason, T. Montgomery "Monty" — Yea
Newman, Stephen D. — Yea
Norment, Thomas K., Jr. — Yea
Petersen, J. Chapman — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Ruff, Frank M., Jr. — Yea
Ryan T. McDougle — Yea
Saslaw, Richard L. — Yea
Scott A. Surovell — Yea
Vogel, Jill Holtzman — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Constitutional reading dispensed

Passed 39 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 39000
Total 39000
% of votes cast 100%0%0%0%
How each member voted (39)
Member Party Vote
Black — Yea
Carrico — Yea
Chafin — Yea
Dance — Yea
McClellan — Yea
Spruill — Yea
Wagner — Yea
Barbara A. Favola — Yea
Barker, George L. — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Chase, Amanda F. — Yea
Cosgrove, John A., Jr. — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Dunnavant, Siobhan S. — Yea
Ebbin, Adam P. — Yea
Edwards, John S. — Yea
Glen H. Sturtevant, Jr. — Yea
Hanger, Emmett W., Jr. — Yea
Howell, Janet D. — Yea
Jennifer B. Boysko — Yea
L. Louise Lucas — Yea
Lewis, Lynwood W., Jr. — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
Mason, T. Montgomery "Monty" — Yea
Newman, Stephen D. — Yea
Norment, Thomas K., Jr. — Yea
Petersen, J. Chapman — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Ruff, Frank M., Jr. — Yea
Ryan T. McDougle — Yea
Saslaw, Richard L. — Yea
Scott A. Surovell — Yea
Vogel, Jill Holtzman — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Reported from Finance

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 12000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Carrico — Yea
Dance — Yea
Wagner — Yea
Hanger, Emmett W., Jr. — Yea
Howell, Janet D. — Yea
Mark D. Obenshain — Yea
Newman, Stephen D. — Yea
Norment, Thomas K., Jr. — Yea
Ruff, Frank M., Jr. — Yea
Ryan T. McDougle — Yea
Saslaw, Richard L. — Yea
Vogel, Jill Holtzman — Yea

Official roll call →

Reported from Appropriations

Passed 20 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 20000
Total 20000
% of votes cast 100%0%0%0%
How each member voted (20)
Member Party Vote
Ingram — Yea
James — Yea
Stolle — Yea
Tyler — Yea
Landes — Yea
Peace — Yea
Poindexter — Yea
Robinson — Yea
Jones, S.C. — Yea
Barry D. Knight — Yea
Betsy B. Carr — Yea
C.E. Cliff Hayes, Jr. — Yea
Delores L. McQuinn — Yea
Lashrecse D. Aird — Yea
Luke E. Torian — Yea
Mark D. Sickles — Yea
Paul E. Krizek — Yea
Terry L. Austin — Yea
Thomas A. Garrett, Jr. — Yea
Todd E. Pillion — Yea

Official roll call →

Subjects

finance education
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Frequently asked questions

What does HB 2357 do?
Authorizes issuance of bonds in an amount up to $17,500,000 for revenue-producing capital projects at institutions of higher education. The bill contains an emergency clause and is identical to
Who sponsors HB 2357?
HB 2357 is sponsored by Michael J. Jones.
What is the current status of HB 2357?
This bill has been enacted into law. Introduced January 08, 2019. Enacted.
Where can I track HB 2357?
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Last checked for changes 3 months ago · updated continuously

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