That measure must be approved by voters and is to be on the March 2002 ballot.
An initiative expected to qualify for the March ballot would significantly change the state's chronically flawed budget process.
The initiative, submitted with 980,000 signatures, has already qualified to be on the March 2004 statewide ballot.
Rick Perry's fight to get his name on Virginia's March 6 primary ballot got its first day in court.
Friday was the deadline for the Legislature to act to place both measures on the March ballot.
The voters' initiative, which will be on the March 2004 primary ballot if sponsors collect 373,816 signatures, would go further.
The plan anticipates $3 billion in proceeds from the $15 billion bond on the March ballot.
If that deadline is missed, recall supporters can continue to gather signatures to qualify for a spot on the March primary ballot.
A bond measure to raise the amount originally estimated for repairs is on the March ballot.
"Now I'm not so sure that a March ballot is helpful to Davis."