Commonwealth of Virginia Transform I-66 Corridor Outside the Beltway Bond Act of 2016; created. (SB60)

Introduced By

Sen. Emmett Hanger (R-Mount Solon)

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

02/22/2016: In Subcommittee

History

DateAction
12/17/2015Prefiled and ordered printed; offered 01/13/16 16103324D
12/17/2015Referred to Committee on Finance
01/29/2016Impact statement from DPB (SB60)
02/09/2016Reported from Finance with substitute (15-Y 0-N) (see vote tally)
02/09/2016Committee substitute printed 16104967D-S1
02/10/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/11/2016Read second time
02/11/2016Reading of substitute waived
02/11/2016Committee substitute agreed to 16104967D-S1
02/11/2016Passed by for the day
02/15/2016Read second time
02/15/2016Engrossed by Senate - committee substitute SB60S1
02/15/2016Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/15/2016Passed Senate (27-Y 11-N) (see vote tally)
02/17/2016Placed on Calendar
02/17/2016Read first time
02/17/2016Referred to Committee on Appropriations
02/22/2016Assigned App. sub: Transportation
03/07/2016Continued to 2017 in Appropriations

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 16 minutes.

Transcript

This is a transcript of the video clips in which this bill is discussed.



Sen. Emmett Hanger (R-Mount Solon): AND A HALF BILLION POTENTIALLY AS A PART OF THE I-66 AGREEMENT FOR IMPROVING I-66 BOTH OUTSIDE AND INSIDE THE BELTWAY. THIS PARTICULAR BILL IS BEING PUT IN PLACE TO ALLOW OR SECRETARY OF TRANSPORTATION TO BE ABLE TO NEGOTIATE POTENTIALLY A P 3 IF HE CAN SUCCESSFULLY NEGOTIATE A P 3 THIS BOND MAY NOT BE NECESSARY. IT IS HOPEFUL THAT THIS WILL BE TAKEN CARE OF THROUGH A PRIVATE INITIATIVE BUT THIS PARTICULAR BILL AUTHORIZING THIS BOND WILL GIVE OUR SECRETARY OF TRANSPORTATION AND HIS BOARD LEVERAGE IN NEGOTIATING THAT BILL. IT IS A PART OF THE OVERALL AGREEMENT IN THAT THERE WAS RESISTANCE IN FACT THERE ARE SOME BUDGET AMENDMENTS PENDING IN THIS BODY WITH -- THAT EXPRESS CONCERNS PRIMARILY BECAUSE THERE HAD BEEN PRIOR TO AN AGREEMENT THAT WAS REACHED LAST WEEK NO PROVISIONS FOR AN EXPANSION OR FACILITATING IMPROVEMENTS INSIDE THE BELTWAY. AS A PART OF THAT, AS A PART OF THIS AGREEMENT THERE IS NOW A PROVISION FOR NOT WITHIN THIS BILL, THIS BILL STANDS SEPARATE BUT IT IS A PART OF THE PACKAGE AN AGREEMENT THAT WOULD FACILITATE A FOUR MILE WIDENING ON THE EASTBOUND LANES OF INTERSTATE 66 INSIDE THE BELTWAY PAID FOR WITH CASH AVAILABLE WITHIN THE TRANSPORTATION TRUST FUND. IT WOULD GO FROM THE DULLES CONNECTOR TO BOSTON, I BELIEVE INSIDE THE BELTWAY. IT WOULD BE -- IT WOULD BE TOLLED, AND IT WOULD BE WHAT THEY CALL DYNAMIC TOLLING EASTBOUND ONLY NO TOLLS ON THE WESTBOUND LANES. ALSO ENVISIONED IN THAT, ABOUT $147 MILLION PACKAGE THAT HAS BEEN AGREED TO WOULD BE SOME ADDITIONAL IMPROVEMENTS IN MASS TRANSIT THAT WOULD FACILITATE MOVEMENT IN AND OUT OF D.C. IN A MUCH MORE LOGICAL SEQUENCE. THOSE WHO LIVE UP THERE, AND I WOULD SAY, MR. PRESIDENT, I DON'T LIVE UP THERE, BUT A GOOD PART OF MY FAMILY HAS MOVED UP THERE, A COUPLE OF THE KIDS AND SIX GRAND CHILDREN SO I'M UP THERE FREQUENTLY SO I THINK I HAVE SOME INTEREST IN NOT HAVING TO SIT ON INTERSTATE 66 TRAFFIC WHEN I GO UP THERE AND FOR MY KIDS TO BE ABLE TO COME FROM THEIR JOBS IN D.C. HOME AND GET HOME BEFORE 8:00 OR 9:00 IN THE EVENING. SO I HAVE A VESTED INTEREST IN THE OUTCOME HERE. I THINK THERE ARE CONCERNS THAT PERHAPS WE NEED TO ADDRESS WITH THIS AND I WOULD BE GLAD TO YIELD TO QUESTIONS IF THERE IS ANY ONE THAT HAS A QUESTION ABOUT THIS PARTICULAR BILL. THANK YOU, MR. PRESIDENT.

[Unknown]: THANK YOU, SENATOR. THE SENATOR FROM. INQUIRY. YES. IT SAYS ON SECOND READING. I WAS CURIOUS ON SECOND READING OR THIRD READING. ON THIRD READING. THE CALENDAR SAYS SECOND. ALL RIGHT. THE SENATOR FAIRFAX. WOULD THE SENATOR FROM AUGUSTA YIELD FOR A QUESTION. HE YIELDS, SENATOR. I WOULD BE PLEASED TO YIELD. I ASK THE GENTLEMAN ON AND I DON'T HAVE THE NUMBERED COPY BUT IT TALKS ABOUT THE RIGHT OF THE COMMONWEALTH TRANSPORTATION BOARD TO FIX, REVISE AND COLLECT TOLL AND OTHER CHARGES WITH CONNECTION WITH THE USE OF THE NEW HIGHWAY OR HIGHWAY IMPROVEMENTS. ANYTHING IN THE LEGISLATION THAT LIMITS THE TOLLS OR SPEAKS TO THE PROCEEDS IN THE TOLLS? THE SENATOR FROM AUGUSTA. I WOULD SAY TO THE GENTLEMAN FROM FAIRFAX CITY THERE IS NOTHING WITHIN THIS PARTICULAR NOR RISING BILL THAT SPEAKS TO THAT -- AUTHORIZING BILL THAT SPEAKS TO THAT. A PART OF THE UNDERSTANDING AND PERHAPS I KNOW FOR A FACT WE DO NEED TO FACILITATE THE PACKAGE WITH ADDITIONAL LANGUAGE IN THE BUDGET BUT DOES SPEAK TO THE FACT THAT THOSE PEOPLE WHO ARE USING THE HIGHWAY CHV 2 CURRENTLY WOULD NOT BE SUBJECT TO THE TOLLS. WHEN THIS IS FULLY IMPLEMENTED, IN 2020, I BELIEVE IT WOULD REQUIRE HOV 3. BUT THAT IS A PART OF A PREVIOUS AGREEMENT. OKAY. THE SENATOR FROM FAIRFAX CITY. THANK YOU, MR. PRESIDENT. SPEAK TO THE BILL. THE SENATOR HAS THE FLOOR. MR. PRESIDENT AND LADIES AND GENTLEMEN OF THE SENATE I WON'T BELABOR THIS BECAUSE HOPEFULLY THERE IS NO PONGS. OPPOSITION.THERE ARE SOME UNADDD ISSUES FOR I-66 OUTSIDE THE FOUR CORNERS OF THIS BILL. THE GENTLEMAN FROM AUGUSTA SPOKE TO ONE, THE WIDENING INSIDE THE BELTWAY WHICH THE GOVERNOR HAS AGREED TO DO THAT AND I BELIEVE THAT WILL BE PART OF THE BUDGET BILL REPORTED OUT AND THAT IS EXTREMELY CRITICAL FOR MY AREA,. THE SECOND PART WE HAVE NOT COME TO GRIPS WITH IS HOW DO WE LIMIT THE TOLLS AND ENSURE THAT THE PROCEEDS FROM THE TOLLS ARE DEDICATED TO PAYING OFF THE BONDS AND ARE NOT USED FOR PURPOSES UNRELATED TO I-66 WHETHER THAT IS A TRANSIT SYSTEM ON I-66 OR THE CONSTRUCTION OF THE LANES THEMSELVES. I DO KNOW WE WILL HAVE LEGISLATION MOVING OVER FROM THE OTHER BODY. THAT IS THE ONE OPEN ISSUE HERE THAT I BEG THAT YOU KEEP YOUR EYES FOCUSED ON. I THANK THE GENTLEMAN OF AUGUSTA FOR CARRYING THIS BILL. THANK YOU. THE SENATOR FROM SPOTSYLVANIA, SENATOR REEVES.

Sen. Bryce Reeves (R-Spotsylvania): WILL THE SENATOR FROM AUGUSTA RISE FOR A QUESTION.

[Unknown]: THE SENATOR FROM AUGUSTA YIELD FOR A QUESTION FOR.

Sen. Bryce Reeves (R-Spotsylvania): HE YIELDS.

[Unknown]: CAN HE IN BASICALLY EXPLAIN THE ENACTMENT KICKOUT CLAUSES. I AM HAVING A HARD TIME FOLLOWING WHAT IS WHAT. PUT THAT IN LAY MEN TERMS MR. THE SENATOR FROM AUGUSTA. PRESIDENT,. THE ENACTMENT CLAUSE IS THIS LEGISLATION WAS SHARED WITH TREASURY IN ORDER TO HAVE THE APPROPRIATE TECHNICAL LANGUAGE FOR THE PROCUREMENT PROCESS AND WHAT -- AND WHAT IT BASICALLY REQUIRES IS BASED ON CURRENT STATUTE THAT IT CLARIFIES THE ISSUING OF THE BOND IF NECESSARY AND ALSO MAKES IT SUBJECT TO THE HOV 3 REQUIREMENTS AT LATER TIME. I THANK THE GENTLEMAN. THANK YOU, SENATOR. THE SENIOR SENATOR FROM LOUDOUN, SENATOR BLACK.

Sen. Dick Black (R-Leesburg): THANK YOU, MR. PRESIDENT. SPEAKING TO THE MEASURE.

[Unknown]: THE SENATOR HAS THE FLOOR.

Sen. Dick Black (R-Leesburg): LADIES AND GENTLEMEN, I INTEND TO VOTE NO TO THE MEASURE AND THE REASON IS THAT DURING THE RECENT CAMPAIGN THERE WERE A GOOD NUMBER OF US IN NORTHERN VIRGINIA WHO SPOKE OUT FORCEFULLY DURING OUR SEE CAMPAIGNS AGAINST PLACING TOLLS ON I-66 AND I WAS ONE OF THEM AND I INTEND TO MAINTAIN THAT POSITION. ONE OF THE THINGS THAT FRUSTRATES MOO ME -- ME A BIT AND GOES BACK TO THE ADMINISTRATION OF GOVERNOR MCDONALD WHEN WE PASSED THE LARGEST TAX INCREASE IN VIRGINIA HISTORY AND IN THE HAMPTON ROADS AND IN NORTHERN VIRGINIA WE ACTUALLY HAD TWO LAYERS OF TAXATION SO THAT WE WOULD PROVIDE ABUNDANT RESOURCES FOR -- FOR CONSTRUCTION OF TRANSPORTATION. HERE WE ARE A COUPLE OF YEARS LATER AND WE ARE FINDING IT NECESSARY TO IMPOSE TOLLS TO BRING IN ADDITIONAL REVENUE. I RECALL THE DISCUSSION BACK WHEN WE WERE -- WHEN WE WERE DISCUSSING THE MCDONALD TAX INCREASES AND WE WERE TALKING ABOUT REVENUES THAT WOULD LAST FOR GENERATIONS. AND GENERATIONS WERE VERY, VERY SHORT. THEY HAVEN'T LASTED VERY LONG. SO FOR THAT REASON I INTEND TO VOTE AGAINST THE BILL.

[Unknown]: THANK YOU, SENATOR. THE SENIOR SENATOR FROM FAIRFAX, SENATOR SASLAW.

Sen. Dick Saslaw (D-Springfield): MR. PRESIDENT, JUST A COUPLE OF THINGS TO CLEAR UP TO BEGIN WITH. THERE HAS BEEN PLENTY OF TAX INCREASES PASSED SINCE I HAVE BEEN HERE AND EACH ONE IS ALWAYS THE LARGEST ONE IN HISTORY. LET ME TELL YOU THE ONE THAT WE PASSED IN 2013 WAS THE SMALLEST ONE IN HISTORY. NOT THE LARGEST. THE SMALLEST. THAT IS UNWITH OF THE REASONS WHY WE DIDN'T SOLVE ALL OF THE PROBLEMS. AND THE TAX INCREASE THAT WE PASSED IN 2013 WAS LARGELY TO CLEAR UP A LOT OF THE BACKLOG IN MAINTENANCE. I GOT A ROAD THAT ANONDALE ROAD THAT HANDLES AS MUCH TRAFFIC AS SOME INTERSTATES BEGINNING TO LOOK LIKE ROADS THAT WAGON TRAINS RODE ON AND FINALLY THAT GOT PAVED. FIRST OFF, THE MISINFORMATION THAT GOT PASSED OUT DURING THE LAST CAMPAIGN WAS LIKE NOTHING I HAVE EVER SEEN. AND THERE WERE SOME PEOPLE THAT ACTUALLY FELL FOR THAT. JUST A COUPLE OF POINTS. IF YOU -- FIRST OFF, IF YOU ARE USING THREE LANES NOW THEY ARE NOT GOING AWAY. YOU CAN KEEP USING THE FREE LANES. WITH HE THEY BUILD THE HOT LANES OUTSIDE THE BELTWAY THEY WILL BE ADDITIONAL LANES THAT YOU CAN STAY IN THAT BUMPER TO BUMPER TRAFFIC AS LONG AS YOU WANT. IF YOU WANT TO GET OUT OF IT TAKE THE HOT LANE IS. INSIDE THE BELTWAY. IF YOU ARE CURRENTLY NOT PAYING -- IF YOU USE HOV 2 NOW, IF YOU ARE USING THAT DURING RUSH HOUR, NOTHING IS CHANGED. THAT MEANS YOU HAVE ONE ADDITIONAL PERSON IN YOUR CAR. YOU WON'T PAY ANY TOLL. LET ME PETE THAT. YOU WON'T PAY ANY TOLL. AS FAR AS THE HOV 3 IS CONCERNED THAT WAS PART OF A 2009 AGREEMENT. TO DEAL WITH ENVIRONMENTAL PROBLEMS THAT WE HAD PASSED BY THE FEDERAL GOVERNMENT PACK IN 2004. I WILL TELL YOU WHAT CHANGES. IF A SINGLE PERSON INSIDE THE BELTWAY, OR IN THE INDICATION OF THE HOT LANES LATER ON OUTSIDE WANTS TO USE THE HIGH OCCUPANCY LANES DURING RUSH HOUR, THEY WILL BE ABLE TO DO JUST THAT. AND I DON'T HAVE TO TELL YOU HOW MANY PEOPLE, YOU KNOW, WHEN IT GETS NEAR 9:00, YOU KNOW, AND MAYBE THEY ONLY NEED TO GO TO ROUTE 7, THEY SAY CAN I MAKE IT, CAN I MAKE IT, YOU KNOW, WITHOUT THE COPS CATCHING ME. I HAVE DONE THAT ONCE OR TWICE. BUT LET ME TELL YOU THIS: YOU DON'T HAVE TO WORRY ANYMORE, YOU WILL HAVE THE E. Z. PASS, AND WON'T GO THAT FAR, SINCE THE WHOLE ROUTE WOULD BE ABOUT SIX BUCKS, THAT WOULD COST YOU ABOUT $2. BUT LET ME TELL YOU THIS, YOU GET CAUGHT, $100. SECOND TIME I THINK IT'S 250. AND THEN THE THIRD TIME IT'S A THOUSAND BUCKS. BELIEVE YOU ME, $2 IS A DEAL. SO ANYWAY, THERE'S NO REASON OKAY? TO VOTE AGAINST THIS BILL. FREE LANES WILL STILL BE FREE. IF ANYBODY WANTS TO SIT IN BUMPER TO BUMPER, BE MY GUEST. BUT THAT HAS NOTHING TO DO WITH THIS.

[Unknown]: THANK YOU, SENATOR. THE SENATOR FROM AUGUSTA, SENATOR HANGER.

Sen. Emmett Hanger (R-Mount Solon): THANK YOU, MR. PRESIDENT. JUST TO SUMMARIZE, THIS PARTICULAR PIECE OF LEGISLATION STANDING BY ITSELF IS MEANT TO GIVE OUR SECRETARY OF TRANSPORTATION AND THE BOARD SOME LEVERAGE IN NEGOTIATING HOPEFULLY A PUBLIC-PRIVATE PARTNERSHIP. NO TAX INCREASE EMBEDDED IN THAT. THE TAX INCREASE THAT -- TO PROP UP THE FLOOR WAS IN THE SENIOR SENATOR FROM VIRGINIA BEACH'S BILL LAST WEEK. THIS WOULD AUTHORIZE TOLLS AS A PART OF THE WHOLE PACKAGE, AND I THINK THE SENIOR CENTER FROM FAIRFAX -- SENATOR FROM FAIRFAX DESCRIBED IT ADEQUATELY IN THAT IF YOU STILL CAN RIDE FREE, THERE WILL BE VARIABLE TOLLS AND YOU HAVE THE ABILITY WITH THE TOTAL PACKAGE AGREEMENT, YOU WOULD HAVE THE ABILITY TO GO INSIDE THE BELTWAY ON 66 DURING RUSH HOURS AND PAY A TOLL, OTHERWISE YOU LOOP AROUND 495 AND DO YOUR BEST TO FIGURE OUT A WAY TO GET INTO TOWN. I WOULD AGAIN MOVE THE BILL PASS.

[Unknown]: THANK YOU, SENATOR. THE SENIOR SENATOR FROM LOUDOUN, SENATOR BLACK.

Sen. Dick Black (R-Leesburg): THANK YOU, MR. PRESIDENT. JUST TO ADD ONE MORE POINT, THE AMOUNT OF BONDS THAT ARE AUTHORIZED BY THIS ARE, YOU KNOW, WE ARE TALKING ABOUT $1.5 BILLION IN BONDS. MY RECOLLECTION, AND I STAND TO BE CORRECTED, I MAY BE OFF ON THIS FIGURE, BUT THE WIDENING OF THE FOUR-MILE STRETCH INSIDE THE BELTWAY AS I RECALL WAS AT A COST OF $122 MILLION. I SEE SOME NODS OVER THERE. 122 MILLION DOLLARS, WHY ARE WE ISSUING BONDS TO THE EXTENT OF $1.5 BILLION? I DON'T GET THAT. THAT DOESN'T COMPUTE. IF WE NEED $122 MILLION, NOW, YOU KNOW, I OPPOSE THE WHOLE TOLL LANE THING, BUT IF WE NEED $122 MILLION, WHY DO WE GO FOR 1.5 BILLION? THAT'S JUST -- THAT CONFUSES ME.

[Unknown]: SENATOR FROM AUGUST UGG AT THAT.

Sen. Dick Black (R-Leesburg): THANK YOU, MR. PRESIDENT. JUST TO ADDRESS THAT QUESTION, IT MAY HAVE BEEN RHETORICAL, BUT THE HUNDRED AND TWENTY SOME MILLION, IT IS A LIMITED PROJECT THAT'S BEING PROPOSED INSIDE THE BELTWAY TO BE PAID WITH CASH, WHICH WOULD BE IN THE RANGE OF ABOUT 120 SOME MILLION. IN ADDITION, 20 MILLION PROPOSED FOR IMPROVEMENTS IN MASS TRANSIT WHICH WILL FACILITATE MOVEMENT. THE $1.5 BILLION IS FOR A MAJOR, MAJOR PROJECT OUTSIDE THE BELTWAY FROM 495 WESTWARD. THANK YOU, MR. PRESIDENT.

Del. Bill Howell (R-Fredericksburg): THANK YOU, SENATOR. THE QUESTION IS, SHALL SENATE BILL 60 PASS. ALL IN FAVOR OF THE MOTION RECORD THEIR VOTES AYE. THOSE OPPOSED NO. VOTE? HAVE ALL THE SENATORS VOTED? DO ANY OF THE SENATORS DESIRE TO CHANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 27, NO'S 11. AYES 27, NO'S 11.