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2014 SESSION

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HB 824 Northern Virginia Transportation Authority; bonding authority not effective until July 1, 2018.

Introduced by: J. Randall Minchew | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Northern Virginia Transportation Authority. Provides that the Authority's bonding authority shall not be effective until July 1, 2018. After such date, the Authority, prior to issuance of bonds, shall demonstrate in the context of a bond validation lawsuit that the transportation projects proposed for funding with the sought bond proceeds have been thoroughly analyzed and provide the greatest degree of congestion reduction relative to cost.


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