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Election
From Page A1
may be revised by the legislature to provide for more or less disclosure.
• Shall the Constitution of Virginia be amended to authorize agreements among localities for sharing the revenues and costs of a specified land area and establishing a special governing body for the area, and to provide that fiscal commitments related to the land area will not be deemed local debt?
With this, the GA could provide for local agreements to develop a specific area and for a special governing body to oversee the area. The GA may provide by law for approval of the agreement by the participating localities’ governing bodies, which would appoint the members of the special governing body, and will provide by law what powers the special governing body will exercise.
Local debt incurred by participating localities will not be subject to the constitutional ceiling on city or town debt or the referendum requirement for county debt. The GA will have power to set the requirements or limits on such debt by law. If approved, the amendment will take
98.4%