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1996 SESSION

961684749
HOUSE BILL NO. 1225
Offered January 22, 1996
A BILL to amend and reenact § 15.1-1372.2 of the Code of Virginia, relating to multi-county transportation improvement districts.
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Patrons-- Brickley, Albo, Almand, Callahan, Cooper, Fisher, Hall, Harris, Howell, Hull, Marshall, May, McClure, Mims, Moran, O'Brien, Parrish, Plum, Rollison, Scott and Watts; Senators: Barry, Colgan, Houck, Howell, Saslaw, Waddell and Woods
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Referred to Committee on Counties, Cities and Towns
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Be it enacted by the General Assembly of Virginia:

1. That § 15.1-1372.2 of the Code of Virginia is amended and reenacted as follows:

§ 15.1-1372.2. Definitions.

As used in this chapter, the following words and terms shall have the following meanings unless context indicates another meaning or intent:

"Commercial or industrial zoning or use" means those properties which are zoned or used exclusively for commercial or industrial purposes and shall not include properties which are zoned or used for multifamily residential housing purposes.

"Commission" shall mean means the governing body of the local district.

"Cost" shall mean means all or any part of the cost of acquisition, construction, reconstruction, alteration, landscaping, or enlargement of a public mass transit system or highway which is located in counties which are authorized by this chapter to create a transportation improvement district, including the cost of the acquisition of land, rights-of-way, property rights, easements and interests acquired for such construction, alteration or expansion, the cost of demolishing or removing any structure on land so acquired, including the cost of acquiring any lands to which such structures may be removed, the cost of all labor, materials, machinery and equipment, financing charges, insurance, interest on all bonds prior to and during construction and, if deemed advisable by the commission, for a reasonable period after completion of such construction, reserves for principal and interest and for extensions, enlargements, additions, replacements, renovations and improvements, provisions for working capital, the cost of surveys, engineering and architectural expenses, borings, plans and specifications and other engineering and architectural services, legal expenses, studies, estimates of costs and revenues, administrative expenses and such other expenses as may be necessary, or incident to the construction of the project or, solely as to districts created pursuant to this chapter after July 1, 1990, the creation of the district (the costs of which creation shall not exceed $150,000), and of such subsequent additions thereto or expansion thereof, and to determining the feasibility or practicability of such construction, the cost of financing such construction, additions or expansion and placing the project and such additions or expansion in operation.

"County" shall mean means any county having a population of more than 500,000 and any adjoining county.

"District" or "local district" shall mean means any transportation improvement district created under the provisions of § 15.1-1372.3.

"District advisory board" or "advisory board" shall mean means the board appointed by the commission in accordance with § 15.1-1372.5.

"Federal agency" shall mean means and include the United States of America or any department, bureau, agency or instrumentality thereof.

"Owner" or "landowner" shall mean means the person or entity which has the usufruct, control or occupation of the taxable real property as determined by the commissioner of revenue of the jurisdiction in which the subject real property is located pursuant to § 58.1-3281.

"Revenues" shall mean means any or all fees, tolls, taxes, rents, notes, receipts, assessments, moneys and income derived by the local district and shall include any cash contributions or payments made to the local district by the Commonwealth or any agency, department or political subdivision thereof or by any other source.

"Town" shall mean means any town having a population of more than 1,000.

"Transportation improvements" shall mean means any and all real or personal property utilized in constructing and improving (i) any mass transportation project and (ii) any primary highway or portion thereof, located within any district created pursuant to § 15.1-1372.3. Such improvements shall include, without limitation, public mass transit systems, public highways, all buildings, structures, approaches, and other facilities and appurtenances thereto, rights-of-way, bridges, tunnels, transportation stations, terminals, areas for parking, and all related equipment and fixtures.