Public-Private Transportation Act of 1995; affected local jurisdictions and public entities. (HB1243)

Introduced By

Del. Steve Heretick (D-Portsmouth) with support from co-patrons Del. Sam Rasoul (D-Roanoke), Del. Ibraheem Samirah (D-Herndon), and Sen. Joe Morrissey (D-Richmond)

Description

Public-Private Transportation Act of 1995; Public-Private Education Facilities and Infrastructure Act of 2002; affected local jurisdictions and public entities; consideration of economic impact. Requires a private entity requesting approval to develop and operate a qualifying transportation facility under the Public-Private Transportation Act of 1995 or a qualifying project under the Public-Private Education Facilities and Infrastructure Act of 2002 to include an economic impact analysis identifying any potentially adverse economic or revenue impacts a potential comprehensive agreement may have on all affected local jurisdictions. The bill further provides that affected local jurisdictions be given reasonable opportunity to consult with the parties concerning the nature and scope of the impacts and regarding measures that may be taken to avoid or mitigate the impacts or make the agreement revenue-neutral. The bill directs each responsible public entity to certify compliance with the review of the economic impact analysis provisions. Read the Bill »

Outcome

History