{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2712.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2712.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2712.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2712.html"}],"law_id":79829,"edition_id":1,"section_id":79829,"structure_id":13232,"section_number":"2.2-2712","catch_line":"Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff","history":"1994, c. 43, \u00a7 2.1-304.2; 2001, c. 844; 2010, c. 32.","full_text":"A\n\nThe Debt Capacity Advisory Committee (the Committee) is established as an advisory committee, within the meaning of § 2.2-2100, in the executive branch of state government.B\n\nThe Committee shall consist of the Secretary of Finance; the State Treasurer; the Director of the Department of Planning and Budget; State Comptroller; the Auditor of Public Accounts; the Director of the Joint Legislative Audit and Review Commission; the Staff Director of the House Committee on Appropriations; the Staff Director of the Senate Committee on Finance and Appropriations; and two citizen members who have expertise in financial matters to be appointed by the Governor.C\n\nOf the citizen members appointed for terms beginning July 1, 1994, one shall be appointed for an initial term of three years and the other for an initial term of five years. Successors shall be appointed to serve for terms of four years each. Vacancies occurring other than by expiration of term shall be filled by appointment of the Governor for the remainder of the unexpired term. All appointments shall be subject to confirmation by the General Assembly. Members shall continue to hold office until their successors have been appointed and qualified.D\n\nThe Secretary of Finance shall be the chairperson of the Committee.E\n\nAll members of the Committee shall serve without compensation but shall receive reasonable and necessary expenses incurred in the discharge of their duties as provided in § 2.2-2825.F\n\nThe Department of the Treasury shall serve as staff to the Committee.","order_by":null,"text":{"0":{"id":285961,"text":"The Debt Capacity Advisory Committee (the Committee) is established as an advisory committee, within the meaning of § 2.2-2100, in the executive branch of state government.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":285962,"text":"The Committee shall consist of the Secretary of Finance; the State Treasurer; the Director of the Department of Planning and Budget; State Comptroller; the Auditor of Public Accounts; the Director of the Joint Legislative Audit and Review Commission; the Staff Director of the House Committee on Appropriations; the Staff Director of the Senate Committee on Finance and Appropriations; and two citizen members who have expertise in financial matters to be appointed by the Governor.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":285963,"text":"Of the citizen members appointed for terms beginning July 1, 1994, one shall be appointed for an initial term of three years and the other for an initial term of five years. Successors shall be appointed to serve for terms of four years each. Vacancies occurring other than by expiration of term shall be filled by appointment of the Governor for the remainder of the unexpired term. All appointments shall be subject to confirmation by the General Assembly. Members shall continue to hold office until their successors have been appointed and qualified.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":285964,"text":"The Secretary of Finance shall be the chairperson of the Committee.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":285965,"text":"All members of the Committee shall serve without compensation but shall receive reasonable and necessary expenses incurred in the discharge of their duties as provided in § 2.2-2825.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"5":{"id":285966,"text":"The Department of the Treasury shall serve as staff to the Committee.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E"}},"ancestry":[{"id":13232,"edition_id":1,"name":"Debt Capacity Advisory Committee","identifier":"5","label":"article","depth":5,"order_by":1,"parent_id":13231,"metadata":{},"date_created":"2026-06-26 03:44:29","date_modified":"2026-06-26 03:44:29","permalink":{"id":175579,"object_type":"structure","relational_id":13232,"identifier":"5","token":"2.2\/I\/D\/27\/5","url":"\/2.2\/I\/D\/27\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13231,"edition_id":1,"name":"Foundations and Other Collegial Bodies","identifier":"27","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:29","date_modified":"2026-06-26 03:44:29","permalink":{"id":175501,"object_type":"structure","relational_id":13231,"identifier":"27","token":"2.2\/I\/D\/27","url":"\/2.2\/I\/D\/27\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":79829,"structure_id":13232,"section_number":"2.2-2712","catch_line":"Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff","url":"\/2.2-2712\/","token":"2.2\/I\/D\/27\/5\/2.2-2712","metadata":false},{"id":54236,"structure_id":13232,"section_number":"2.2-2713","catch_line":"Powers and duties of the Committee","url":"\/2.2-2713\/","token":"2.2\/I\/D\/27\/5\/2.2-2713","metadata":false},{"id":71994,"structure_id":13232,"section_number":"2.2-2714","catch_line":"Estimated amount of prudent tax-supported debt; affordability considerations","url":"\/2.2-2714\/","token":"2.2\/I\/D\/27\/5\/2.2-2714","metadata":false}],"next_section":{"id":54236,"structure_id":13232,"section_number":"2.2-2713","catch_line":"Powers and duties of the Committee","url":"\/2.2-2713\/","token":"2.2\/I\/D\/27\/5\/2.2-2713","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2712\/","history_text":"

This law was first created in 1994. The record of its establishment is cataloged in chapter 43<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2001, chapter 844<\/a>; in 2010, chapter 32<\/a>.<\/p>","references":[{"id":57163,"section_number":"15.2-5930","catch_line":"Public hearings; notice; reports","order_by":null,"url":"\/15.2-5930\/"},{"id":55989,"section_number":"15.2-5942","catch_line":"Public hearings; notice; reports","order_by":null,"url":"\/15.2-5942\/"},{"id":62784,"section_number":"2.2-4903","catch_line":"Governor's consideration of tax-supported debt","order_by":null,"url":"\/2.2-4903\/"}],"refers_to":[{"id":60305,"section_number":"2.2-2100","catch_line":"Classification of executive branch boards, commissions and councils","order_by":null,"url":"\/2.2-2100\/"}],"permalink":{"id":175581,"object_type":"law","relational_id":79829,"identifier":"2.2-2712","token":"2.2\/I\/D\/27\/5\/2.2-2712","url":"\/2.2-2712\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2712\/","token":"2.2\/I\/D\/27\/5\/2.2-2712","dublin_core":{"Title":"Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2712","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Debt Capacity Advisory Committee (the Committee) is established as an advisory committee, within the meaning of § 2.2-2100<\/a>, in the executive branch of state government. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Committee shall consist of the Secretary of Finance; the State Treasurer; the Director of the Department of Planning and Budget; State Comptroller; the Auditor of Public Accounts; the Director of the Joint Legislative Audit and Review Commission; the Staff Director of the House Committee on Appropriations; the Staff Director of the Senate Committee on Finance and Appropriations; and two citizen members who have expertise in financial matters to be appointed by the Governor. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Of the citizen members appointed for terms beginning July 1, 1994, one shall be appointed for an initial term of three years and the other for an initial term of five years. Successors shall be appointed to serve for terms of four years each. Vacancies occurring other than by expiration of term shall be filled by appointment of the Governor for the remainder of the unexpired term. All appointments shall be subject to confirmation by the General Assembly. Members shall continue to hold office until their successors have been appointed and qualified. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Secretary of Finance shall be the chairperson of the Committee. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> All members of the Committee shall serve without compensation but shall receive reasonable and necessary expenses incurred in the discharge of their duties as provided in § 2.2-2825<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> The Department of the Treasury shall serve as staff to the Committee. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEBT CAPACITY ADVISORY COMMITTEE; MEMBERSHIP; TERMS; CHAIRMAN; COMPENSATION;\nSTAFF (\u00a7 2.2-2712)\n\nA. The Debt Capacity Advisory Committee (the Committee) is established as an\nadvisory committee, within the meaning of § 2.2-2100, in the executive\nbranch of state government.\n\nB. The Committee shall consist of the Secretary of Finance; the State Treasurer;\nthe Director of the Department of Planning and Budget; State Comptroller; the\nAuditor of Public Accounts; the Director of the Joint Legislative Audit and\nReview Commission; the Staff Director of the House Committee on Appropriations;\nthe Staff Director of the Senate Committee on Finance and Appropriations; and\ntwo citizen members who have expertise in financial matters to be appointed by\nthe Governor.\n\nC. Of the citizen members appointed for terms beginning July 1, 1994, one shall\nbe appointed for an initial term of three years and the other for an initial\nterm of five years. Successors shall be appointed to serve for terms of four\nyears each. Vacancies occurring other than by expiration of term shall be filled\nby appointment of the Governor for the remainder of the unexpired term. All\nappointments shall be subject to confirmation by the General Assembly. Members\nshall continue to hold office until their successors have been appointed and\nqualified.\n\nD. The Secretary of Finance shall be the chairperson of the Committee.\n\nE. All members of the Committee shall serve without compensation but shall\nreceive reasonable and necessary expenses incurred in the discharge of their\nduties as provided in § 2.2-2825.\n\nF. The Department of the Treasury shall serve as staff to the Committee.\n\nHISTORY: 1994, c. 43, \u00a7 2.1-304.2; 2001, c. 844; 2010, c. 32.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}