Friday, September 5, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB2475: Highway revenue-sharing funds; eliminates four-tier priority system for distributions thereof.
Be it enacted by the General Assembly of Virginia:
1. That § 33.1-23.05 of the Code of Virginia is amended and reenacted as follows:
§ 33.1-23.05. Revenue-sharing funds for systems in certain counties, cities, and towns.
A. From annual allocations of state funds for the maintenance, improvement, construction, or reconstruction of the systems of state highways, the Commonwealth Transportation Board shall make an equivalent matching allocation to any county, city, or town for designations by the governing body of up to $1 million in county, city, or town general funds for use by the county, city, or town to construct, maintain, or improve the highway systems within such county, city, or town. After adopting a resolution supporting the action, the governing body may request revenue-sharing funds to construct, maintain, or improve a highway system located in another locality or to bring subdivision streets, used as such prior to July 1, 1992, up to standards sufficient to qualify them for inclusion in the state primary and secondary system of highways.
B. The allocation of funds to localities shall be only
for the purposes set forth in subsection A and shall be (i) first when such
governing body commits more than $1 million in general funds for such purpose;
(ii) second when such project is administered by the city, county, or town;
(iii) third when the allocation will accelerate an existing project in the
Six-Year Improvement Program or the locality's capital plans; and (iv) from any
funds remaining, any other request that has a matching allocation from the
governing body.
C. The Department will contract with
the county, city, or town for the implementation of the project or projects.
Such contract may cover either a single project or may provide for the
locality's implementation of several projects during the fiscal year. The
county, city, or town will undertake implementation of the particular project
or projects by obtaining the necessary permits from the Department of
Transportation in order to ensure that the improvement is consistent with the
Department's standards for such improvements. If administered by the
Department, such contract shall also require that the governing body pay to the
Department within 30 days the local revenue-sharing funds from its general fund
upon written notice by the Department of its intent to proceed.
D. Up to one-half of any local government's
contributions under this section may take the form of proffers accepted by the
locality and deposited into their general fund.
E. Total Commonwealth funds allocated
by the Board under this section shall be not exceed less than $50 million in any one fiscal year.
F.E. No
more than three months prior to the end of any fiscal year in which less than
$50 million has been allocated by the Board to specific governing bodies, those
localities requesting more than $1 million may be allowed an additional
allocation. The additional allocation shall be at the discretion of the
Commonwealth Transportation Board among the localities receiving the maximum
allocation under subsection A.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.