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2002 SESSION

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HB 110 Transportation Revenue Bond Act of 2002; created.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Commonwealth of Virginia Transportation Revenue Bond Act of 2002. Authorizes the Commonwealth Transportation Board to issue revenue bonds in the principal amount not to exceed $1 billion with the proceeds to be used for an electronic communication infrastructure project to aid telecommuting and ease traffic congestion and other specified transportation projects. The bill funds the bonds by dedicating one-third of the annual revenues from the insurance license tax.


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