Highway system construction, urban; not more than 1/3 of funds to be used to reimburse locality. (HB1645)

Introduced By

Del. Danny Marshall (R-Danville)

Description

Urban highway system construction allocations. Provides that not more than two-thirds (instead of the present one-third) of the annual urban system highway funds apportioned to a city or town may be used to reimburse the locality for debt service for bonds or eligible project costs incurred on approved projects included in the Six-Year Improvement Program of the Commonwealth Transportation Board and the city's or town's capital improvement program. Amends § 33.1-23.3 (“Allocation of construction funds for urban system highways.”), of the Code of Virginia. View Full Text »

Outcome

1 vote