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1999 SESSION

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HB 1492 Washington Metropolitan Area Transit Authority (WMATA).

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Washington Metropolitan Area Transit Authority (WMATA). Requires that local payments of WMATA rail transit bonds shall be paid first and apportioned to each locality using the WMATA capital formula, using 95 percent of state aid for these payment, and that remaining funds shall be apportioned to reflect WMATA’s allocation formulas by using the relative WMATA-allocated subsidies and relative shares of local transit subsidies. The bill further requires that capital costs must include 20 percent of annual local bus capital expenses and that the Northern Virginia Transportation Commission’s November 5, 1998, hold harmless protections remain in effect.


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