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