CHAPTER 643
HOUSE JOINT RESOLUTION NO. 11
Proposing amendment to § 115-a of the Constitution of Virginia.

Agreed to by the House of Delegates, February 10, 1958
Agreed to by the Senate, March 3, 1958

Whereas, the proposed amendment to the Constitution of Virgin
ereinafter set forth, was agreed to by a majority of the members elects
» the two houses of the General Assembly at the session of ninetec
undred fifty-six and referred to this, the next General Assembly, ar
ublished for three months, as required by the Constitution of Virgini
nd as shown by report of such publication by the Clerk of the House |
elegates; now, therefore, be it

Resolved by the House of Delegates of Virginia, the Senate co
urring, a majority of the members elected to each house agreeing, th:
1e following amendment to the Constitution of Virginia be, and tl
ame is hereby proposed, in conformity with the provisions of Sectic
ne hundred ninety-six of the Constitution of Virginia, namely:
Strike from the Constitution of Virginia § 115-a, which is as follows:
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 antici-
pation 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 expressly 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 antici-
pation 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 evi-
dence of county or district indebtedness 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 As-
sembly 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.