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 (i) the Commissioner of Highways finding that the private parties are unable to deliver the I-66 project outside the Beltway in a way that meets the term sheet, (ii) the Transportation Public-Private Partnership Advisory Committee concurs with the Commissioner's finding, and (iii) that the Secretary of Finance further concurs and finds that the issuance of bonds is in the public interest. The bill is contingently effective on the requirements for changing the HOV-2 designation on I-66 being met and the Secretary certifying that such requirements have been met. No bonds shall be issued prior to February 20, 2017. Read the Bill »
Outcome
History
Date | Action |
---|---|
12/17/2015 | Prefiled and ordered printed; offered 01/13/16 16103324D |
12/17/2015 | Referred to Committee on Finance |
01/29/2016 | Impact statement from DPB (SB60) |
02/09/2016 | Reported from Finance with substitute (15-Y 0-N) (see vote tally) |
02/09/2016 | Committee substitute printed 16104967D-S1 |
02/10/2016 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/11/2016 | Read second time |
02/11/2016 | Reading of substitute waived |
02/11/2016 | Committee substitute agreed to 16104967D-S1 |
02/11/2016 | Passed by for the day |
02/15/2016 | Read second time |
02/15/2016 | Engrossed by Senate - committee substitute SB60S1 |
02/15/2016 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/15/2016 | Passed Senate (27-Y 11-N) (see vote tally) |
02/17/2016 | Placed on Calendar |
02/17/2016 | Read first time |
02/17/2016 | Referred to Committee on Appropriations |
02/22/2016 | Assigned App. sub: Transportation |
03/07/2016 | Continued to 2017 in Appropriations |
12/01/2016 | Left in Appropriations |