§ 2.2-2714. Estimated amount of prudent tax-supported debt; affordability considerations
Before January 1 of each year, the Committee shall submit to the Governor and to the General Assembly the Committee’s estimate of tax-supported debt that prudently may be authorized for the next fiscal year, together with a report explaining the basis for the estimate. In developing its annual estimate and in preparing its annual report, […]
§ 2.2-2712. Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff
A. 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. B. 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 […]
§ 2.2-2713. Powers and duties of the Committee
The Committee shall have the power and duty to: 1. Annually review the size and condition of the Commonwealth’s tax-supported debt and submit to the Governor and to the General Assembly an estimate of the maximum amount of new tax-supported debt that prudently may be authorized for the next biennium. The estimate shall be advisory […]