{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-4903.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-4903.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-4903.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-4903.html"}],"law_id":62784,"edition_id":1,"section_id":62784,"structure_id":14932,"section_number":"2.2-4903","catch_line":"Governor’s consideration of tax-supported debt","history":"1994, c. 43, \u00a7 2.1-304.5; 2001, c. 844.","full_text":"Prior to the Governor recommending any new tax-supported debt, which is defined as debt for which the debt service payments are expected to be made, in whole or in part, from appropriations of the Commonwealth, the Governor shall consider the maximum amount of debt recommended as prudent for the subject biennium by the Debt Capacity Advisory Committee created pursuant to \u00a7 2.2-2712.","order_by":null,"text":{"0":{"id":228861,"text":"Prior to the Governor recommending any new tax-supported debt, which is defined as debt for which the debt service payments are expected to be made, in whole or in part, from appropriations of the Commonwealth, the Governor shall consider the maximum amount of debt recommended as prudent for the subject biennium by the Debt Capacity Advisory Committee created pursuant to \u00a7 2.2-2712.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14932,"edition_id":1,"name":"Public Debt; Issuance of Bonds and Certificates of Indebtedness","identifier":"49","label":"chapter","depth":4,"order_by":1,"parent_id":12751,"metadata":{},"date_created":"2026-06-26 03:50:52","date_modified":"2026-06-26 03:50:52","permalink":{"id":177689,"object_type":"structure","relational_id":14932,"identifier":"49","token":"2.2\/II\/B\/49","url":"\/2.2\/II\/B\/49\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12751,"edition_id":1,"name":"Transaction of Public Business","identifier":"B","label":"part","depth":3,"order_by":1,"parent_id":12750,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176445,"object_type":"structure","relational_id":12751,"identifier":"B","token":"2.2\/II\/B","url":"\/2.2\/II\/B\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12750,"edition_id":1,"name":"Administration of State Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176253,"object_type":"structure","relational_id":12750,"identifier":"II","token":"2.2\/II","url":"\/2.2\/II\/","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":69226,"structure_id":14932,"section_number":"2.2-4900","catch_line":"Authority of Governor to contract debts","url":"\/2.2-4900\/","token":"2.2\/II\/B\/49\/2.2-4900","metadata":false},{"id":83386,"structure_id":14932,"section_number":"2.2-4901","catch_line":"Acts concerning issuance of bonds and certificates of indebtedness continued in effect","url":"\/2.2-4901\/","token":"2.2\/II\/B\/49\/2.2-4901","metadata":false},{"id":87182,"structure_id":14932,"section_number":"2.2-4902","catch_line":"Ratings of bonds issued by governmental instrumentalities","url":"\/2.2-4902\/","token":"2.2\/II\/B\/49\/2.2-4902","metadata":false},{"id":63861,"structure_id":14932,"section_number":"2.2-4902.1","catch_line":"Pledges and security interests created by governmental units","url":"\/2.2-4902.1\/","token":"2.2\/II\/B\/49\/2.2-4902.1","metadata":false},{"id":62784,"structure_id":14932,"section_number":"2.2-4903","catch_line":"Governor's consideration of tax-supported debt","url":"\/2.2-4903\/","token":"2.2\/II\/B\/49\/2.2-4903","metadata":false},{"id":74043,"structure_id":14932,"section_number":"2.2-4904","catch_line":"Cooperation of the Commonwealth's instrumentalities","url":"\/2.2-4904\/","token":"2.2\/II\/B\/49\/2.2-4904","metadata":false},{"id":56983,"structure_id":14932,"section_number":"2.2-4905","catch_line":"Limitation of chapter","url":"\/2.2-4905\/","token":"2.2\/II\/B\/49\/2.2-4905","metadata":false},{"id":82365,"structure_id":14932,"section_number":"2.2-4906","catch_line":"How lost bond or certificate renewed","url":"\/2.2-4906\/","token":"2.2\/II\/B\/49\/2.2-4906","metadata":false}],"previous_section":{"id":63861,"structure_id":14932,"section_number":"2.2-4902.1","catch_line":"Pledges and security interests created by governmental units","url":"\/2.2-4902.1\/","token":"2.2\/II\/B\/49\/2.2-4902.1","metadata":false},"next_section":{"id":74043,"structure_id":14932,"section_number":"2.2-4904","catch_line":"Cooperation of the Commonwealth's instrumentalities","url":"\/2.2-4904\/","token":"2.2\/II\/B\/49\/2.2-4904","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-4903\/","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 1 time. 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. That modification is as follows: in 2001, chapter 844<\/a>.<\/p>","references":[{"id":78157,"section_number":"2.2-5002.1","catch_line":"Commonwealth tax-supported debt authorizations and treatment of net original issue premium","order_by":null,"url":"\/2.2-5002.1\/"}],"refers_to":[{"id":79829,"section_number":"2.2-2712","catch_line":"Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff","order_by":null,"url":"\/2.2-2712\/"}],"permalink":{"id":177707,"object_type":"law","relational_id":62784,"identifier":"2.2-4903","token":"2.2\/II\/B\/49\/2.2-4903","url":"\/2.2-4903\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-4903\/","token":"2.2\/II\/B\/49\/2.2-4903","dublin_core":{"Title":"Governor’s consideration of tax-supported debt","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-4903","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Prior to the Governor recommending any new tax-supported debt, which is defined as debt for which the debt service payments are expected to be made, in whole or in part, from appropriations of the Commonwealth, the Governor shall consider the maximum amount of debt recommended as prudent for the subject biennium by the Debt Capacity Advisory Committee created pursuant to \u00a7 2.2-2712<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nGOVERNOR’S CONSIDERATION OF TAX-SUPPORTED DEBT (\u00a7 2.2-4903)\n\nPrior to the Governor recommending any new tax-supported debt, which is defined\nas debt for which the debt service payments are expected to be made, in whole or\nin part, from appropriations of the Commonwealth, the Governor shall consider\nthe maximum amount of debt recommended as prudent for the subject biennium by\nthe Debt Capacity Advisory Committee created pursuant to \u00a7 2.2-2712.\n\nHISTORY: 1994, c. 43, \u00a7 2.1-304.5; 2001, c. 844.","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}}