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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2011 SESSION
SB 1446 Virginia Transportation Infrastructure Bank; created, report.
Introduced by: William C. Wampler, Jr. | Charles J. Colgan | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Transportation funding. Creates the Virginia Transportation Infrastructure Bank (Bank) as a new source for funding transportation projects. The Bank would be managed and administered by the Virginia Resources Authority and would be capitalized as recommended by the Governor and appropriated by the General Assembly. Up to 20 percent of the capitalization of the Bank would be used to make grants to localities for transportation projects, and the remainder would be used to make loans to private or public entities for transportation projects.
The bill authorizes the issuance of Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes whose outstanding aggregate principal amount, together with any outstanding aggregate principal amount of Commonwealth of Virginia Federal Highway Reimbursement Anticipation Notes, cannot exceed $1.2 billion, with the proceeds used for transportation projects as determined by the Commonwealth Transportation Board. The bill also increases the aggregate principal amount of Commonwealth of Virginia Transportation Capital Projects Revenue Bonds that may be issued in a fiscal year from $300 million to $600 million for FY 2012, and from $300 million to $500 million for FY 2013.
The bill establishes the Intercity Passenger Rail Operating and Capital Fund to be used by the Director of the Department of Rail and Public Transportation, with the approval of the Commonwealth Transportation Board, on projects that expand and improve intercity passenger rail service.
Finally, the bill increases from $50 million to $200 million the total limit on revenue-sharing funds allocated by the Commonwealth Transportation Board (CTB) to certain counties, cities, and towns in any one fiscal year and increases from $1 million to $10 million the per project cap on funds; and provides that the funds allocated by the CTB will be distributed in accordance with the revenue-sharing guidelines established by the CTB.
FULL TEXT
- 01/21/11 Senate: Presented and ordered printed 11103939D pdf
- 02/01/11 Senate: Committee substitute printed 11104985D-S1 pdf | impact statement
- 02/07/11 Senate: Printed as engrossed 11104985D-ES1 pdf
- 02/14/11 House: Committee substitute printed 11105333D-H1 pdf | impact statement
- 02/27/11 Senate: Conference substitute printed 11105579D-S2 pdf
- 03/03/11 Senate: Bill text as passed Senate and House (SB1446ER) pdf | impact statement
- 04/06/11 Senate: Reenrolled bill text (SB1446ER2) pdf
- 04/06/11 Governor: Acts of Assembly Chapter text (CHAP0868) pdf
AMENDMENTS
HISTORY
- 01/21/11 Senate: Presented and ordered printed 11103939D
- 01/21/11 Senate: Referred to Committee on Finance
- 02/01/11 Senate: Reported from Finance with substitute (12-Y 2-N)
- 02/01/11 Senate: Incorporates SB1329
- 02/01/11 Senate: Committee substitute printed 11104985D-S1
- 02/02/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/03/11 Senate: Read second time
- 02/03/11 Senate: Passed by for the day
- 02/04/11 Senate: Read second time
- 02/04/11 Senate: Passed by for the day
- 02/07/11 Senate: Read second time
- 02/07/11 Senate: Reading of substitute waived
- 02/07/11 Senate: Committee substitute agreed to 11104985D-S1
- 02/07/11 Senate: Reading of amendment waived
- 02/07/11 Senate: Amendment by Senator Whipple agreed to
- 02/07/11 Senate: Engrossed by Senate - committee substitute with amendment SB1446ES1
- 02/07/11 Senate: Printed as engrossed 11104985D-ES1
- 02/07/11 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/07/11 Senate: Passed Senate (34-Y 6-N)
- 02/08/11 House: Placed on Calendar
- 02/08/11 House: Read first time
- 02/08/11 House: Referred to Committee on Appropriations
- 02/14/11 House: Reported from Appropriations with substitute (20-Y 2-N)
- 02/14/11 House: Committee substitute printed 11105333D-H1
- 02/16/11 House: Read second time
- 02/17/11 House: Read third time
- 02/17/11 House: Pending question ordered
- 02/17/11 House: Committee substitute agreed to 11105333D-H1 (58-Y 39-N)
- 02/17/11 House: VOTE: ADOPTION (58-Y 39-N)
- 02/17/11 House: Engrossed by House - committee substitute SB1446H1
- 02/17/11 House: Passed House with substitute (66-Y 32-N)
- 02/17/11 House: VOTE: PASSAGE (66-Y 32-N)
- 02/21/11 Senate: House substitute rejected by Senate (1-Y 38-N)
- 02/22/11 House: House insisted on substitute
- 02/22/11 House: House requested conference committee
- 02/23/11 Senate: Senate acceded to request (40-Y 0-N)
- 02/23/11 Senate: Conferees appointed by Senate
- 02/23/11 Senate: Senators: Wampler, Colgan, Saslaw
- 02/24/11 House: Conferees appointed by House
- 02/24/11 House: Delegates: Oder, Jones, Howell, A.T.
- 02/27/11 Senate: Conference substitute printed 11105579D-S2
- 02/27/11 House: Conference report agreed to by House (81-Y 15-N)
- 02/27/11 House: VOTE: ADOPTION (81-Y 15-N)
- 02/27/11 House: Reconsideration of conference report agreed to by House
- 02/27/11 House: Conference report agreed to by House (80-Y 16-N)
- 02/27/11 House: VOTE: ADOPTION #2 (80-Y 16-N)
- 02/27/11 Senate: Conference report agreed to by Senate (34-Y 6-N)
- 02/27/11 Senate: Reconsideration of conference report agreed to by Senate (40-Y 0-N)
- 02/27/11 Senate: Conference report agreed to by Senate (33-Y 7-N)
- 03/03/11 Senate: Enrolled
- 03/03/11 Senate: Bill text as passed Senate and House (SB1446ER)
- 03/03/11 House: Signed by Speaker
- 03/06/11 Senate: Signed by President
- 03/26/11 Senate: Governor's recommendation received by Senate
- 04/05/11 Senate: Placed on Calendar
- 04/06/11 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/06/11 House: House concurred in Governor's recommendation Amendments #1,2 and 4 (80-Y 18-N)
- 04/06/11 House: VOTE: ADOPTION (80-Y 18-N)
- 04/06/11 House: House concurred in Governor's recommendation Amendment #3 (58-Y 40-N)
- 04/06/11 House: VOTE: ADOPTION (58-Y 40-N)
- 04/06/11 Governor: Governor's recommendation adopted
- 04/06/11 Senate: Reenrolled
- 04/06/11 Senate: Reenrolled bill text (SB1446ER2)
- 04/06/11 Senate: Signed by President as reenrolled
- 04/06/11 House: Signed by Speaker as reenrolled
- 04/06/11 House: Enacted, Chapter 868 (effective 7/1/11)
- 04/06/11 Governor: Acts of Assembly Chapter text (CHAP0868)