2.2-4903 - Governor's consideration of tax-supported debt. - Virginia Statutes

§ 2.2-4903. Governor's consideration of tax-supported debt.

Prior to the Governor recommending any new tax-supported debt, which isdefined as debt for which the debt service payments are expected to be made,in whole or in part, from appropriations of the Commonwealth, the Governorshall consider the maximum amount of debt recommended as prudent for thesubject biennium by the Debt Capacity Advisory Committee created pursuant to§ 2.2-2712.

(1994, c. 43, § 2.1-304.5; 2001, c. 844.)