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394 <br /> <br />TUESDAY. JUNE 26, 1990 <br /> <br /> WHEREAS, these mandates'and regulations often='require <br /> cities and counties to implement costly procedures or new <br /> 'programs; and " <br /> <br /> WHEREAS, the revenue base for cities and counties in <br /> Virginia in many cases does not provide sufficient <br /> resources to fund ongoing programs; and <br /> <br /> WHEREAS, House Bill 751, "State PaymentsI for' State <br />-Mandates Act", would require that any provision of State <br /> law which has the effect of requiring a county or <br /> municipality to perform or administer a new or expanded <br /> program or service having a net additional cost in excess <br /> of $10,000 for any county or municipality or $500,000 for <br /> all affected counties' or municipalities shall be <br /> inoperative on each affected county or municipality until <br /> a state appropriation is. made and sufficient funds <br /> provided to each' county or'municipality as may be <br /> necessary to pay in' full any net additional cost of <br /> compliance with the requirement during all of the <br /> remaining portion of'the State biennial budget period; <br /> and -' ..i-~ <br /> <br /> WHEREAS, the Act would require the Commonwealth to <br /> provide full funding for such programs or services in the <br /> appropriations act or in appropriations of bond money or <br /> other designated sources of funding on a 'continuing <br /> basis; and, therefore, <br /> <br />BE IT RESOLVED, by the Council of the City of <br />Martinsville, in regular session assembled June 26, 1990, <br />that said Council does endorse House Bill 751, "State <br />Payments for State Mandates Act"; and <br /> <br /> '-"BE ITFURTHER RESOLVED that a copy of this resolution be <br /> sent to members of the House Appropriations Committee and <br />.......... to our representatives in the General Assembly.' <br /> <br />Upon motion, duly seconded, and by unanimous vote, Council approved <br />the following resolution approving the reissuance of bonds in an <br />amount up to $385,000 for use by Herald Associates, a Virginia <br /> <br />· limited partnership, in refinancing their original issuance of <br />$500,000 used for the renovation of a 33-unit elderly housing <br />project (the Henry Apartments) in the City: <br /> <br /> <br />