Virginia Bond Question 2 (2002)

From Ballotpedia
Jump to: navigation, search

Virginia Bond Question 2, also known as the Parks and Recreational Facilities Act, was on the 2002 election ballot in Virginia. It passed, with 64.5% of voters in favor.

Text of measure

The language that appeared on the ballot:

On April 18, 2002, the Governor signed into law Senate Bill No. 672/House Bill No. 1144, the Commonwealth of Virginia Parks and Natural Areas Bond Act of 2002 (or "the Act"). Virginia law requires a majority of voters in a statewide referendum to vote in favor of the Act before it can become effective.

The purpose of the Act is to allow the Commonwealth to sell bonds to raise funds to pay for capital projects at state-supported parks and recreational facilities. The Constitution of Virginia in Section 9(b) of Article X provides that the General Assembly may authorize the creation of debt to pay for capital projects. If this Act is approved, the Commonwealth may issue Commonwealth of Virginia General Obligation Bonds and sell the bonds to raise funds to pay for specific capital projects. The capital projects contemplated in the Act have an estimated useful life of more than twenty-five years and include, but are not limited to, capital projects for the acquisition of land for natural area preserves and parks, campground construction, visitor center renovation, road improvements, trail improvements and shoreline erosion repair. The total amount of bonds the Commonwealth could issue pursuant to the Act is no more than $119,040,000 (one hundred nineteen million, forty thousand dollars), and no bond may be outstanding for more than twenty-five years. The Act and related laws govern the details regarding the creation, issuance and repayment of the bonds, as well as the use of the funds generated by the sale of the bonds. The existing state parks that would receive funds pursuant to the Act are:

- Bear Creek Lake

- Belle Isle

- Breaks Interstate

- Chippokes

- Claytor Lake

- Douthat

- Fairy Stone

- False Cape

- First Landing

- Grayson Highlands

- Holliday Lake

- Hungry Mother

- James River

- Kiptopeke

- Lake Anna

- Leesylvania

- Mason Neck

- Natural Tunnel

- New River Trail

- Occoneechee

- Pocahontas

- Sailor's Creek Battlefield

- Shenandoah "Andy Guest"

- Sky Meadows

- Smith Mountain Lake

- Staunton River

- Staunton River Battlefield

- Twin Lakes

- Westmoreland

- Wilderness Road

- York River

See also

Suggest a link