HB1675: Revenue-sharing funds; may be used to construct, etc. highway system located between localities.

Chief Patron

Del. Ed Scott (R-30)

Status

Bill is Dead

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Summary

Revenue-sharing funds for certain counties, cities, and towns.  Provides that revenue-sharing funds may be used to construct, maintain, or improve a highway system located between two or more localities. The bill also removes certain language setting priorities for distribution of revenue-sharing funds:  (i) the requirement that the governing body commit more than $1 million in general funds and (ii) the requirement that the project be administered by the city, county, or town. In addition, the bill specifies that if proffers are accepted, they shall not be used to finance the activities or improvements for which the proffer was accepted and a permit issued but used to finance construction, maintenance, or improvement to highway systems within the locality under the revenue-sharing program. Lastly, the bill provides that the Commonwealth Transportation Board shall allocate $50 million each fiscal year to satisfy all requests for matching funds under the revenue-sharing program.   View Full Text »