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2005 SESSION

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HB 2099 Transportation Investment Bond Act of 2005; created.

Introduced by: Timothy D. Hugo | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transportation Investment Act.  Provides long-term funding of transportation projects throughout the Commonwealth by dedicating all insurance license tax revenues for such purpose. The Commonwealth Transportation Board is authorized to issue revenue bonds using no more than one-third of the insurance license tax revenues for debt service on the bonds. The amount of insurance license tax revenues not used for debt service, plus the proceeds of the bonds, are allocated to each highway construction district for transportation projects on a pro rata basis according to population. The transportation projects to be funded shall be determined by the Commonwealth Transportation Board.

FULL TEXT

• 01/11/05  House: Prefiled & ordered printed; offered 01/12/05 053040332  pdf | impact statement
• 01/27/05  House: Introduced bill reprinted 053040332  pdf | impact statement

HISTORY

• 01/11/05  House: Prefiled & ordered printed; offered 01/12/05 053040332
• 01/11/05  House: Referred to Committee on Transportation
• 01/27/05  House: Introduced bill reprinted 053040332
• 02/01/05  House: Reported from Tra. w/sub (20-Y 0-N)
• 02/01/05  House: Referred to Committee on Appropriations
• 02/02/05  House: Incorporated by App. (HB2771-Callahan) by voice vote