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2000 SESSION

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HJ 64 Study; Richmond Metro. Auth., Powhite Parkway & Downtown Express.

Introduced by: Samuel A. Nixon, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Study; Richmond toll facilities. Directs the Joint Legislative Audit and Review Commission to study the operation of toll facilities by the Richmond Metropolitan Authority and the retirement of debt to allow the toll free operation of the Downtown Expressway, the Powhite Parkway, and the Powhite Extension. In conducting its study, the Commission shall, in addition to such other actions or activities as may appear necessary or desirable, consider (i) the amount of debt issued in connection with the construction and maintenance of the toll facilities, (ii) the use of its toll-generated revenues, (iii) existing relationships between RMA and VDOT, including the retirement of the debt associated with the Powhite Extension, (iv) policies and procedures adopted and used to ensure prudent fiscal management, integrity of funds, and responsible stewardship of the public trust, and (v) methods, resources, and a schedule appropriate for such retirement of debt as to allow the toll-free operation of the toll facilities. HJR 69 was incorporated into this resolution.


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