Virginia Transportation Infrastructure Bank; created. (HB1582)
Introduced By
Sen. John Cosgrove (R-Chesapeake)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
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Passed Senate |
☐ |
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. Read the Bill »
Status
01/31/2011: Merged into HB2527
History
| Date | Action |
|---|---|
| 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
Track for Caucus