HB2411: Highway revenue-sharing funds; Transportation Board make an equivalent matching allocation.

Chief Patron

Del. Clay Athey (R-18)

Status

Bill is Dead

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Summary

Highway "revenue-sharing" funds.  Requires that, from annual allocations of state funds for the maintenance, improvement, construction, or reconstruction of the systems of state highways, the Commonwealth Transportation Board make an equivalent matching allocation to any county, city, or town for designations by the governing body of no less than $1 million in county, city, or town general funds for use by the county, city, or town to construct, maintain, or improve the highways.  The bill further eliminates the first and second priorities for funding under the "revenue-sharing" program and provides that allocations will be made first to the acceleration of an existing project in the Six-Year Improvement Program or the locality's capital plans; and then, from any funds remaining, to any other request that has a matching allocation from the governing body. Finally, the measure converts the present annual $50 million "cap" on the "revenue-sharing" program to a floor.

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