Bonds; tolls on I-66. (HB1067)

Introduced By

Del. Chris Jones (R-Suffolk)

Progress

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

Description

Bonds; tolls on I-66. Authorizes the Treasury Board to issue bonds pursuant to Article X, Section 9 (c) of the Constitution of Virginia in an amount up to $1.5 billion plus financing costs to finance the costs of acquiring, constructing, and equipping dynamically tolled lanes on a portion of Interstate 66. Issuance of the bonds is contingent on the Transportation Public-Private Partnership Advisory Committee, prior to January 1, 2018, finding that the issuance is necessary due to the inability of private parties to meet the term sheet published by the Department of Transportation in September 2015 pursuant to the procurement initiated under the Public-Private Transportation Act of 1995. Read the Bill »

Status

01/19/2016: Awaiting a Vote in the Appropriations Committee

History

DateAction
01/13/2016Committee
01/13/2016Prefiled and ordered printed; offered 01/13/16 16103031D
01/13/2016Referred to Committee on Appropriations
01/19/2016Assigned to sub: Transportation
01/19/2016Assigned App. sub: Transportation
01/29/2016Impact statement from DPB (HB1067)
02/12/2016Continued to 2017 in Appropriations
02/12/2016Subcommittee recommends continuing to 2017
02/12/2016Committee substitute printed to Web only 16104715D-H1
02/12/2016Continued to 2017 in Appropriations with substitute