Transportation Funding and Efficiency
| Bills | Committee | Last action | Date |
| HB 276 - Albo - Highway maintenance funds; requires CTB to allocate funds on basis of achieving level of disparity. | (H) Committee on Transportation (S) Committee on Transportation | (S) Pursuant to Senate Rule 20(L) | 03/04/10 |
| notes: Requires the CTB, when allocating funds for highway maintenance, to do so on the basis of achieving a minimal level of disparity among highway construction districts in meeting asset performance standards in § 33.1-13.02. | |||
| HB 665 - May - Budget bill; Governor to provide for additional appropriations to Transportation Trust Fund. | (H) Committee on Appropriations (S) Committee on Finance | (S) Continued to 2011 in Finance (14-Y 1-N) | 02/23/10 |
| notes: Requires the Governor, in submitting his biennial budget bill, to provide for additional appropriations to the Transportation Trust Fund from general fund revenues in cases in which general fund revenues for a fiscal year are projected to grow by at least three percent. Any such additional appropriation to the Transportation Trust Fund recommended by the Governor would be required to be in an amount not less than one percent of the projected growth in general fund revenues for the fiscal year. | |||
| HB 970 - Rust - Transportation Trust Fund; increases amount of general fund surplus. | (H) Committee on Appropriations (S) Committee on Finance | (S) Left in Finance | 03/08/10 |
| notes: Increases from two-thirds to 75 percent the amount of the general fund surplus designated to the Transportation Trust Fund within the Comptroller's annual report following the close of each fiscal year. The governor would include in his budget bill an amount for deposit into the Transportation Trust Fund equivalent to the amount designated by the Comptroller. | |||
| HB 1158 - Oder - Primary & secondary road projects; establishment & use of regional accounts by Transportation Board. | (H) Committee on Transportation (S) Committee on Finance | (S) Pursuant to Senate Rule 20(L) | 03/02/10 |
| notes: Provides for the establishment of regional accounts to be used by the Commonwealth Transportation Board for allocation of funds for specific transportation projects within the region wherein the revenue is generated. This system of allocation is to be in addition to and not a replacement for other transportation construction fund allocation formulas. | |||
| HB 1395 - Massie - Public-Private Acts of 1995 and 2002; certain grant agreements. | (H) Committee on General Laws | (H) Left in General Laws | 03/14/10 |
| notes:
Authorizes state agencies and state authorities, upon the approval of the Governor, to enter into agreements with private entities under the Public-Private Transportation Act of 1995 and the Public-Private Education Facilities and Infrastructure Act of 2002 for the development of a project by the private entity, which agreements provide for the private entity to be paid grants from a portion of the growth in state taxes attributable to the development of the project. Before any agreement is entered into with a private entity, the respective Secretary shall certify to the Governor and the chairmen of the House Committee on Appropriations and the Senate Committee on Finance that the present value of the state tax revenues anticipated to be collected that are attributable to the development of the project are at least 100 percent greater than the present value of the proposed grant payments to the private entity. The bill also would allow local governments, agencies, and authorities, upon the approval of the governing body of the locality, to join in the agreement entered into between the private entity and the state agency or state authority. |
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| SB 513 - Norment - Racing Commission; distribution of allocations from live and simulcast horse racing. | (H) Committee on General Laws (S) Committee on Finance | (H) Left in General Laws | 03/14/10 |
| notes: Authorizes wagering on historical horse racing. The bill also allocates the proceeds from such racing with fifty percent of the proceeds distributed to the Commonwealth Transportation Trust Fund and the remaining fifty percent distributed to other entities. In addition, the bill (i) requires the existing race track to provide gambling educational programs including information on the availability of gambling addiction counseling and (ii) requires the promulgation of emergency regulations. | |||
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