<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62784</law_id><section_number>2.2-4903</section_number><catch_line>Governor&amp;#8217;s consideration of tax-supported debt</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>2.2-5002.1</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="2.2">Administration of Government</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Administration of State Government</unit><unit label="part" level="3" order_by="1" identifier="B">Transaction of Public Business</unit><unit label="chapter" level="4" order_by="1" identifier="49">Public Debt; Issuance of Bonds and Certificates of Indebtedness</unit></structure><text>
						<section><p>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 &#xA7;&#xA0;<a class="law" title="Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff" href="/2.2-2712/">2.2-2712</a>.</p></section></text><history>1994, c. 43, &#xA7; 2.1-304.5; 2001, c. 844.</history><metadata></metadata></law>
