Va. Transportation Infrastructure Fund and Va. Transportation Infrastructure Bank; created, report. (HB2527)

Introduced By

Del. Bill Howell (R-Fredericksburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Transportaion funding.  The bill creates the Virginia Transportation Infrastructure Fund (Fund) and the Virginia Transportation Infrastructure Bank (Bank) whose board of directors administers the Fund. The initial deposit into the Fund consists of general fund surplus and certain savings identified at the Virginia Department of Transportation. Up to 20 percent of the Fund may be used to make grants to localities for transportation projects as determined by the Bank, and the remainder is used to make loans to private or public entities for transportation projects as determined by the Bank.

The bill authorizes the issuance of Commonwealth of Virginia Transportation Grant Anticipation Revenue Notes whose outstanding aggregate principal amount, together with any outstanding aggregate principal amount of Commonwealth of Virginia Federal Highway Reimbursement Anticipation Notes, cannot exceed $1.2 billion, with the proceeds used for transportation projects as determined by the Commonwealth Transportation Board.  The bill also increases the aggregate principal amount of Commonwealth of Virginia Transportation Capital Projects Revenue Bonds that may be issued in a fiscal year from $300 million to $600 million.

The bill establishes the Intercity Passenger Rail Operating and Capital Fund to be used by the Director of the Department of Rail and Public Transportation, with the approval of the Commonwealth Transportation Board, on projects that expand and improve intercity passenger rail service.

Finally, the bill removes the priority structure for allocation of revenue-sharing funds to localities; removes the $50 million total limit on funds allocated by the Commonwealth Transportation Board (CTB) to certain counties, cities, and towns in any one fiscal year and removes the $1 million per project cap on funds; and provides that the funds allocated by the CTB will be distributed in accordance with the revenue-sharing guidelines established by the CTB. Read the Bill »


Bill Has Passed


01/21/2011Presented and ordered printed 11103942D
01/21/2011Referred to Committee on Appropriations
01/21/2011Assigned App. sub: Transportation
01/31/2011Subcommittee recommends reporting with amendment(s) (6-Y 1-N)
01/31/2011Reported from Appropriations with substitute (17-Y 5-N) (see vote tally)
01/31/2011Committee substitute printed 11104669D-H1
02/02/2011Read first time
02/03/2011Read second time
02/03/2011Committee substitute agreed to 11104669D-H1
02/03/2011Amendments by Delegate Watts rejected (39-Y 58-N)
02/03/2011VOTE: REJECTED (39-Y 58-N) (see vote tally)
02/03/2011Speaker ruled Amendment by Delegate Sickles not germane
02/03/2011Amendment by Delegate Plum rejected (38-Y 59-N)
02/03/2011VOTE: REJECTED (38-Y 59-N) (see vote tally)
02/03/2011Pending question ordered
02/03/2011Engrossed by House - committee substitute (62-Y 35-N) HB2527H1
02/03/2011VOTE: ENGROSSMENT (62-Y 35-N) (see vote tally)
02/04/2011Read third time and passed House (65-Y 33-N)
02/04/2011VOTE: PASSAGE (65-Y 33-N) (see vote tally)
02/04/2011Impact statement from DPB (HB2527H1)
02/07/2011Constitutional reading dispensed
02/07/2011Referred to Committee on Finance
02/15/2011Reported from Finance with substitute (11-Y 0-N) (see vote tally)
02/15/2011Committee substitute printed 11105172D-S1
02/15/2011Reported from Finance with substitute (9-Y 2-N) (see vote tally)
02/16/2011Impact statement from DPB (HB2527S1)
02/16/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/17/2011Read third time
02/17/2011Reading of substitute waived
02/17/2011Committee substitute agreed to 11105172D-S1
02/17/2011Engrossed by Senate - committee substitute HB2527S1
02/17/2011Passed Senate with substitute (32-Y 7-N) (see vote tally)
02/18/2011Placed on Calendar
02/21/2011Senate substitute rejected by House 11105172D-S1 (31-Y 68-N)
02/21/2011VOTE: REJECTED (31-Y 68-N) (see vote tally)
02/23/2011Senate insisted on substitute (40-Y 0-N) (see vote tally)
02/23/2011Senate requested conference committee
02/24/2011House acceded to request
02/24/2011Conferees appointed by Senate
02/24/2011Senators: Wampler, Colgan, Saslaw
02/24/2011Conferees appointed by House
02/24/2011Delegates: Oder, Jones, Howell, A.T.
02/27/2011Conference substitute printed 11105666D-H2
02/27/2011Conference report agreed to by House (80-Y 16-N)
02/27/2011VOTE: ADOPTION (80-Y 16-N) (see vote tally)
02/27/2011Conference report agreed to by Senate (32-Y 7-N) (see vote tally)
02/27/2011Reconsideration of conference report agreed to by Senate (40-Y 0-N) (see vote tally)
02/27/2011Conference report agreed to by Senate (33-Y 7-N) (see vote tally)
03/03/2011Bill text as passed House and Senate (HB2527ER)
03/03/2011Signed by Speaker
03/06/2011Signed by President
03/09/2011Impact statement from DPB (HB2527ER)
03/26/2011Governor's recommendation received by House
04/05/2011Placed on Calendar
04/06/2011G Governor's recommendation adopted in-part
04/06/2011House concurred in Governor's recommendation Amendments #1, 2 and 4 (80-Y 19-N)
04/06/2011VOTE: ADOPTION (80-Y 19-N) (see vote tally)
04/06/2011House concurred in Governor's recommendation Amendment #3 (65-Y 34-N)
04/06/2011VOTE: ADOPTION (65-Y 34-N) (see vote tally)
04/06/2011Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally)
04/06/2011G Governor's recommendation adopted
04/06/2011Reenrolled bill text (HB2527ER2)
04/06/2011Signed by Speaker as reenrolled
04/06/2011Signed by President as reenrolled
04/06/2011Enacted, Chapter 830 (effective 7/1/11)
04/06/2011G Acts of Assembly Chapter text (CHAP0830)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 31 clips in all, totaling 1 hour.

Duplicate Bills

The following bills are identical to this one: SB1446.


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

Track for Caucus