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2006 SPECIAL SESSION I

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HB 5057 Transportation Bond Act of 2007; created.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transportation revenue bonds.  Authorizes the Commonwealth Transportation Board to issue revenue bonds in the principal aggregate amount of $2 billion with the proceeds to be allocated as follows:  60% to be distributed to fund transportation projects in the Northern Virginia Highway Construction District and the Hampton Roads Highway Construction District, and 40% to be distributed to fund transportation projects in the remaining highway construction districts. The particular transportation projects shall be determined by the Commonwealth Transportation Board.


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