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2015 SESSION

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SB 1353 Virginia Highway Corporation Act of 1988; toll rate increases by State Corporation Commission.

Introduced by: Richard H. Black | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Toll rate increases under Virginia Highway Corporation Act of 1988 by State Corporation Commission. Removes the provisions within the Virginia Highway Corporation Act of 1988 requiring the State Corporation Commission to approve toll increases upon request by an operator that are equal to one percent over and above the increase in the consumer price index or equal to the increase in the real gross domestic product from the date the Commission last approved a toll increase. The bill retains provisions requiring toll increases equal to the increase in the consumer price index from the date the Commission last approved a toll increase or equal to 2.8 percent, whichever is greater.

FULL TEXT

• 01/19/15  Senate: Presented and ordered printed 15102967D  pdf | impact statement

HISTORY

• 01/19/15  Senate: Presented and ordered printed 15102967D
• 01/19/15  Senate: Referred to Committee on Transportation
• 01/28/15  Senate: Passed by indefinitely in Transportation with letter (15-Y 0-N)