WASHINGTON - The Virginia General Assembly late Wednesday passed a $1.4 billion bond package for construction projects for the state's colleges, parks, and mental health facilities.

About $1.02 billion of the bonds are to be issued by the Virginia College Building Authority for higher education projects, and the remaining $437.7 million will be issued by the Virginia Public Building Authority for parks and mental health facilities. The two authorities will use bond proceeds to finance 75 projects.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.