Virginia Highway Corporation Act; alteration of certificate of authority, powers and duties of SCC. (SB1259)

Introduced By

Sen. John Bell (D-Chantilly) with support from co-patrons Del. David Reid (D-Loudoun), Del. Suhas Subramanyam (D-Sterling), and Sen. Jennifer Boysko (D-Herndon)

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 HB 1832. Read the Bill »

Status

07/25/2021: Awaiting a Vote in the Transportation Committee

History

DateAction
01/11/2021Prefiled and ordered printed; offered 01/13/21 21101430D
01/11/2021Referred to Committee on Transportation
01/28/2021Senate committee, floor amendments and substitutes offered
01/28/2021Reported from Transportation with substitute (12-Y 3-N) (see vote tally)
01/28/2021Committee substitute printed 21103749D-S1
02/01/2021Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/02/2021Senate committee, floor amendments and substitutes offered
02/02/2021Read second time
02/02/2021Reading of substitute waived
02/02/2021Committee substitute agreed to 21103749D-S1
02/02/2021Reading of amendment waived
02/02/2021Amendment by Senator Marsden rejected
02/02/2021Engrossed by Senate - committee substitute SB1259S1
02/03/2021Read third time and passed Senate (32-Y 5-N) (see vote tally)
02/05/2021Placed on Calendar
02/05/2021Read first time
02/05/2021Referred to Committee on Transportation
02/08/2021Continued to Special Session 1 in Transportation
02/11/2021Reported from Transportation (22-Y 0-N) (see vote tally)
02/12/2021Impact statement from DPB (SB1259S1)
02/15/2021Read second time
02/16/2021Read third time
02/16/2021Passed House (97-Y 1-N 1-A)
02/16/2021VOTE: Passage (97-Y 1-N 1-A) (see vote tally)
02/19/2021Enrolled
02/19/2021Bill text as passed Senate and House (SB1259ER)
02/19/2021Impact statement from DPB (SB1259ER)
02/22/2021Signed by President
02/22/2021Signed by Speaker
02/24/2021Enrolled Bill Communicated to Governor on February 24, 2021
02/24/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/25/2021G Approved by Governor-Chapter 350 (effective 7/1/21)
03/25/2021G Acts of Assembly Chapter text (CHAP0350)

Duplicate Bills

The following bills are identical to this one: HB1832.

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