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2000 SESSION

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SB 661 Coalfield Coalition Authority.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Virginia Coalfield Coalition Authority. Establishes the Virginia Coalfield Coalition Authority, which is vested with the power, with the approval of the Commonwealth Transportation Board, to provide for the construction of the Virginia Coalfield Expressway, a highway system that would run along the southwestern boundary of the Commonwealth. The chairman of the Authority is the chairman of the Commonwealth Transportation Board. The Authority may not issue bonds to finance the construction of the highway system.

SUMMARY AS PASSED SENATE:

Virginia Coalfield Coalition Authority. Establishes the Virginia Coalfield Coalition Authority which is vested with the power to provide for the construction of the Virginia Coalfield Expressway, a highway system that would run along the southwestern boundary of the Commonwealth. The Chairman of the Authority is the Chairman of the Commonwealth Transportation Board. The Authority may not issue bonds to finance the construction of the highway system.

SUMMARY AS INTRODUCED:

Virginia Coalfield Coalition Authority. Establishes the Virginia Coalfield Coalition Authority and the Virginia Coalfield Expressway Corridor Development Fund to develop a highway system along the southwestern boundary of the Commonwealth. The bill authorizes the Authority to issue revenue bonds to fund the project in a principal amount not to exceed $80 million. The full faith and credit of the Commonwealth is not pledged.