Transit Transition Fund and Program; established. (SB488)

Introduced By

Sen. Jennifer McClellan (D-Richmond)

Progress

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

Description

Transit Transition Fund and Program; established. Establishes the Transit Transition Fund and Program, administered by the Department of Rail and Public Transportation, to provide grants to state, regional, and local public entities to support the transition of public transit fleets to zero-emission and low-emission fleets. The Director of the Department is directed by the bill to report annually to the Governor and the chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations by November 1 of each year. The bill also directs 7.5 percent of the revenues collected from the tax on sports betting permittees to the Fund, reducing the share of the tax revenue allocated to the general fund. Read the Bill »

Status

01/11/2022: Awaiting a Vote in the Finance and Appropriations Committee

History

DateAction
01/11/2022Prefiled and ordered printed; offered 01/12/22 22103087D
01/11/2022Referred to Committee on Finance and Appropriations

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