§ 701a - Capital construction bill - Vermont Statutes

§ 701a. Capital construction bill

(a) When the capital budget has been submitted by the governor to the general assembly, it shall immediately be referred to the committee on institutions which shall proceed to consider the budget request in the context of the long-range capital program plan also submitted by the governor pursuant to sections 309 and 310 of this title. The committee shall also propose to the general assembly a prudent amount of total general obligation bonding for the following fiscal year, for support of the capital budget, in consideration of the recommendation of the capital debt affordability advisory committee pursuant to subchapter 8 of chapter 13 of this title.

(b) As soon as possible the committee shall prepare a bill to be known as the "capital construction bill," which shall be introduced for action by the general assembly.

(c) The sums appropriated and spending authority authorized by a capital construction act shall be continuing and shall not revert at the end of the fiscal year. (Added 1989, No. 258 (Adj. Sess.), § 4; amended 2007, No. 200 (Adj. Sess.), § 36, eff. June 8, 2008.)