Jay Conrad, Public Finance Manager
Virginia Public Building Authority Bonds
Virginia Public Building Authority Bonds
Learn about Virginia Public Building Authority Bonds including our News & Press Releases and Team.
Have questions? Reach out to us directly.
Learn about Virginia Public Building Authority Bonds including our News & Press Releases and Team.
The Virginia Public Building Authority (the "Authority" or the "VPBA") provides financing for State projects, facilities and obligations including the Commonwealth's share of the cost of jail and juvenile detention projects. The Authority may only undertake projects approved by the General Assembly.
The VPBA is a political subdivision of the Commonwealth of Virginia, authorized to issue bonds under the Virginia Public Building Authority Act of 1981 (the "Act"). The Authority was created by the Act for the purpose of financing, refinancing, constructing, improving, furnishing, maintaining, acquiring and operating public buildings for the use of the Commonwealth; and financing or refinancing capital projects that benefit the Commonwealth and any of its agencies, instrumentalities and political subdivisions.
For Immediate Release: June 8, 2018
Contacts: Office of the Governor: Ofirah Yheskel,
Ofirah.Yheskel@governor.virginia.gov
Following budget adoption, agency moves outlook back to stable
RICHMOND—Governor Ralph Northam today issued the following statement regarding S&P Global Ratings’ move to affirm Virginia’s AAA bond rating and upgrade the Commonwealth’s financial outlook to stable. In April 2017, the ratings agency downgraded the Commonwealth’s outlook from stable to negative. The upgrade follows Governor Northam’s adoption of a historic budget that expands Medicaid and allocates more dollars for the state’s primary reserve funds.
“I’m encouraged that the actions we’ve taken to shore up our reserve funds and to finalize a fiscally sound budget have resulted in an upgraded outlook from S&P Global Ratings. This demonstrates the fiscal health of the Commonwealth and affirms the work we have done over the course of the session to ensure our critical AAA bond rating remains intact.
“This is a positive sign for Virginia’s economy and I look forward to continuing to work with the General Assembly to make the Commonwealth work better for every family.”
Gubernational Appointees
Sarah B. Williams (Chair)
Carolyn L. Bishop
John A. Mahone
Suzanne S. Long
Michelle Attreed
Ex-Officio
David L. Richardson
Scott L. Adams
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