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2007 SESSION

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HB 3067 Transportation Capital Projects Bond Act of 2008; created.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Bonds for highway construction and mass transit. Authorizes the Commonwealth Transportation Board to issue bonds in an aggregate principal amount not to exceed $2 billion (with no more than $325 million to be issued in any one fiscal year), with 84.3% of the proceeds to be used for highway construction in each highway construction district on a pro rata basis according to population, and the remaining proceeds to be used for mass trasit purposes.


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