                                 CODE OF VIRGINIA

GOVERNOR&#8217;S CONSIDERATION OF TAX-SUPPORTED DEBT (§ 2.2-4903)

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 § 2.2-2712.

HISTORY: 1994, c. 43, § 2.1-304.5; 2001, c. 844.