Commonwealth’s Credit Today

Reversal of Increasing Authorized Debt Trend

Capital Program

Debt Trends

Debt Capacity Advisory Committee

New Programs and Program Enhancements

Tax-Exempt Commercial Paper Program

Virginia Public Building Authority – New Master Indenture

Virginia Public Building Authority – Jail Reimbursement Program

Virginia College Building Authority – Pooled Bond Program

Virginia Public School Authority – 1997 Resolution

Dissolution of the State Council on Local Debt

Virginia College Building Authority – 21st Century Program

Expansion of Debt Capacity Advisory Committee’s Role

Conclusion

Appendix A - "Virginia Authorities Issue Debt…and Save," Standard & Poor’s CreditWeek Municipal, February 24, 1997 (This information is only available in hard copy form. Please contact the Office of the Secretary of Finance.)

Appendix B - Current Credit Reports (This information is only available in hard copy form. Please contact the Office of the Secretary of Finance.)

Appendix C - 50 State Ratings (This information is only available in hard copy form. Please contact the Office of the Secretary of Finance.)