HB2310: Transportation projects, local; state funding for portions thereof.

Chief Patron

Del. Scott Lingamfelter (R-31)

Status

Bill is Dead

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Summary

State funding for portions of certain local transportation projects.  Provides that the Commonwealth Transportation Board shall make an allocation to any locality, not to exceed the lesser of $25 million or 33% of the cost of the project, to be used by the locality for a transportation project, provided that (i) the locality has issued or will issue bonds for transportation purposes in the fiscal year in which the allocation is sought in an amount that exceeds the amount of the state allocation; (ii) the locality has sufficient local funds, which, together with the state allocation, will complete the project; and (iii) the transportation project for which the allocation is sought is determined by the Commonwealth Transportation Board, compared with other requests for such allocations, to be more likely to relieve severe traffic congestion, according to criteria and procedures for making application for funds that shall be developed by the Commonwealth Transportation Board. Total state funds allocated by the Board for this program shall not exceed $50 million in any one fiscal year

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