CHAPTER 717

HOUSE JOINT RESOLUTION NO 10

Proposing an amendment to Section 115-a of the Constitution of Virginia.
Agreed to by the House of Delegates February 27, 1956
_ Agreed to by the Senate March 8, 1956

Resolved by the House of Delegates, the Senate concurring, a majority
of the members elected to each house agreeing, that the following amend-
ment to the Constitution of Virginia be, and the same is hereby, proposed
and referred to the General Assembly at its first regular session held after
the next general election of members of the House of Delegates for its
concurrence, in conformity with the provisions of section one hundred and
ninety-six of the Constitution, namely:
oa Strike from the Constitution of Virginia Section 115-a, which is as

ollows:

§ 115-a. Power of counties and districts to borrow money and to issue
evidences of indebtedness restricted.—No debt shall be contracted by any
county, or by or on behalf of any district of any county, or by or on behalf
of any school board of any county, or by or on behalf of any school district
in any county, except in pursuance of authority conferred by the General
Assembly by general law; and the General Assembly shall not authorize
any county, or any district of any county, or any school board of any
county, or any school district in any county, to contract any debt except to
meet casual deficits in the revenue, a debt created in anticipation of the
collection of the revenue of the said county, board or district for the then
current year, or to redeem a previous liability, unless in the general law
authorizing the same provision be made for the submission to the qualified
voters of the proper county, or district, for approval or rejection, by a
majority vote of the qualified voters voting in an election, on the question
of contracting such debt; and such approval shall be a prerequisite to
contracting such debt. No scrip, certificate or other evidence of county
or district indebtedness shall be issued except for such debts as are ex-
pressly authorized in this Constitution or by the laws made in pursuance
thereof.

And insert in lieu thereof the following:

§ 115-a. Power of counties and districts to borrow money and to issue
evidences of indebtedness restricted.—No debt shall be contracted by any
county, or by or on behalf of any district of any county, or by or on behalf
of any school board of any county, or by or on behalf of any school district
in any county, except in pursuance of authority conferred by the General
Assembly by general law; and the General Assembly shall not authorize
any county, or any district of any county, or any school board of any county,
or any school district in any county, to contract any debt except to meet
casual deficits in the revenue, a debt created in anticipation of the collection
of the revenue of the said county, board or district for the then current year,
or to redeem a previous liability, unless in the general law authorizing the
same provision be made for the submission to the qualified voters of the
proper county or district, for approval or rejection, by a majority vote of
the qualified voters voting in an election, on the question of contracting
such debt; and such approval shall be a prerequisite to contracting such
debt. No scrip, certificate or other evidence of county or district indebted-
ness shall be issued except for such debts as are expressly authorized in
this Constitution or by the laws made in pursuance thereof.

This section shall not be construed as prohibiting the General Assembly
from authorizing, by general law, the school board of any county to contract
to borrow money from the Virginia Supplemental Retirement System, or
any successor thereto, for the purpose of school construction, with the
approval of the governing body of the county.