Virginia Highway Corporation Act; alteration of certificate of authority, powers and duties of SCC. (HB1832)

Introduced By

Del. Suhas Subramanyam (D-Sterling) with support from 7 copatrons, whose average partisan position is:

Those copatrons are Del. Karrie Delaney (D-Centreville), Del. Wendy Gooditis (D-Clarke), Del. Dan Helmer (D-Fairfax Station), Del. Kaye Kory (D-Falls Church), Del. Kathleen Murphy (D-McLean), Del. David Reid (D-Loudoun), Sen. Barbara Favola (D-Arlington)

Progress

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

Description

Virginia Highway Corporation Act; alteration of certificate of authority; powers and duties of the State Corporation Commission. Requires any application for a transfer, extension, or amendment of a certificate of authority issued under the Virginia Highway Corporation Act to include information demonstrating the financial fitness of the entity applying to operate the roadway. The bill requires an applicant for a toll increase to provide a forward-looking analysis return that will be reviewed by the Department of Transportation that demonstrates that the proposed rates will be reasonable to the user in relation to the benefit obtained, not likely to materially discourage use of the roadway, and provide the operator no more than a reasonable return. The bill also prohibits the State Corporation Commission from authorizing a toll increase if these criteria are not met or if the proposed increase is for more than one year. The bill requires an operator to receive approval from the Commission prior to refinancing any existing debt. This bill is identical to SB 1259. Read the Bill »

Status

03/25/2021: signed by governor

History

DateAction
01/06/2021Prefiled and ordered printed; offered 01/13/21 21101393D
01/06/2021Referred to Committee on Transportation
01/12/2021Assigned Transportation sub: Transportation Systems
01/21/2021House subcommittee amendments and substitutes offered
01/21/2021Subcommittee recommends reporting with substitute (10-Y 1-N)
01/26/2021Reported from Transportation with substitute (20-Y 0-N) (see vote tally)
01/26/2021Committee substitute printed 21103413D-H1
01/27/2021Read first time
01/28/2021Read second time
01/28/2021Committee substitute agreed to 21103413D-H1
01/28/2021Engrossed by House - committee substitute HB1832H1
01/29/2021Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/29/2021VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/01/2021Constitutional reading dispensed
02/01/2021Referred to Committee on Commerce and Labor
02/05/2021Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N) (see vote tally)
02/12/2021Impact statement from DPB (HB1832H1)
02/15/2021Rereferred from Commerce and Labor (14-Y 0-N) (see vote tally)
02/15/2021Rereferred to Transportation
02/18/2021Reported from Transportation (10-Y 5-N) (see vote tally)
02/22/2021Constitutional reading dispensed (39-Y 0-N)
02/23/2021Read third time
02/23/2021Passed Senate (26-Y 13-N)
02/23/2021Reconsideration of Senate passage agreed to by Senate (38-Y 0-N)
02/23/2021Passed Senate (33-Y 5-N)
02/26/2021Enrolled
02/26/2021Bill text as passed House and Senate (HB1832ER)
02/26/2021Signed by Speaker
02/27/2021Signed by President
03/01/2021Impact statement from DPB (HB1832ER)
03/01/2021Enrolled Bill communicated to Governor on March 1, 20201
03/01/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/25/2021G Approved by Governor-Chapter 349 (effective 7/1/21)
03/25/2021G Acts of Assembly Chapter text (CHAP0349)

Duplicate Bills

The following bills are identical to this one: SB1259.

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