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2002 SESSION

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SB 33 Transportation Appropriation Bond Act of 2002; created.

Introduced by: John H. Chichester | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Commonwealth of Virginia Transportation Appropriation Bonds Act of 2002. Authorizes the Commonwealth Transportation Board to issue Commonwealth of Virginia Transportation Appropriation Bonds pursuant to Article X, Section 9 (d) of the Virginia Constitution in an amount not to exceed $317,000,000 in fiscal year 2003 and $335,600,000 in fiscal year 2004 for a total of $652,600,000. The purpose of the bonds is to provide funds, together with any other available funds, for paying the costs of projects authorized in the Virginia Transportation Development Plan as needed to meet construction cash-flow needs.


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