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Developed and maintained by the Division of Legislative Automated Systems.
1996 SESSION
961684749Patrons-- 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
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.