Virginia Transportation Infrastructure Bank; created. (HB1582)

Introduced By

Del. John Cosgrove (R-Chesapeake)

Progress

√
 Introduced
☐
 Passed Committee
☐
 Passed House
☐
 Passed Senate
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 Signed by Governor
☐
 Became Law

Description

Transportation funding; Virginia Transportation Infrastructure Bank.  Creates the Virginia Transportation Infrastructure Bank (VTIB) as a special fund to provide loans and grants to public and private entities to fund transportation projects in the Commonwealth. The special fund shall consist of revenues generated through the privatization of the Commonwealths ABC stores and revenues generated through a one-time drawing down of construction cash reserves by the Virginia Department of Transportation. VTIB is authorized to issue bonds in an amount not to exceed $4 billion. Amends § 33.1-23.6, § 33.1-23.7, § 33.1-23.8, of the Code of Virginia. View Full Text »

Status

01/31/2011: Merged into HB2527

History

  • 01/05/2011 Committee
  • 01/05/2011 Prefiled and ordered printed; offered 01/12/11 11103430D
  • 01/05/2011 Referred to Committee on Appropriations
  • 01/13/2011 Assigned App. sub: Transportation
  • 01/27/2011 Impact statement from DPB (HB1582)
  • 01/31/2011 Subcommittee recommends incorporating (HB2527-Howell, W.J.)
  • 01/31/2011 Incorporated by Appropriations (HB2527-Howell, W.J.)

Comments

Hampton Roads Partnership, tracking this bill in Photosynthesis, notes:

Track for Caucus

Posted 29 months ago.