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2002 SESSION

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HB 715 Industrial/airport access road fund.

Introduced by: Ward L. Armstrong | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Economic incentive grants by Commonwealth Transportation Board to counties, cities, towns, and certain airports. Provides for use by the Commonwealth Transportation Board (CTB) of a portion of the industrial/airport access road fund to support economic incentive programs by counties, cities, towns, and licensed public-use airports by providing a means to fund access roads to publicly owned industrial parks and licensed public-use airports. In cases where the Board has recaptured funds from counties, cites, and towns between July 1, 1994, and June 30, 2002, the Board is required to return to those localities the amounts recaptured. Where a county, city, town, or licensed public-use airport has an active outstanding grant under the industrial access road bonded program, such grants will be reissued under the terms of the economic incentive grant program established in the bill.


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