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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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Developed and maintained by the Division of Legislative Automated Systems.
2011 SESSION
HB 2527 Va. Transportation Infrastructure Fund and Va. Transportation Infrastructure Bank; created, report.
Introduced by: William J. Howell | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Transportaion funding. Creates the Virginia Transportation Infrastructure Bank (Bank) as a new source for funding transportation projects. The Bank would be managed and administered by the Virginia Resources Authority and would be capitalized as recommended by the Governor and appropriated by the General Assembly. Up to 20 percent of the capitalization of the Bank would be used to make grants to localities for transportation projects, and the remainder would be used to make loans to private or public entities for transportation projects.
The bill authorizes the issuance of Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes whose outstanding aggregate principal amount, together with any outstanding aggregate principal amount of Commonwealth of Virginia Federal Highway Reimbursement Anticipation Notes, cannot exceed $1.2 billion, with the proceeds used for transportation projects as determined by the Commonwealth Transportation Board. The bill also increases the aggregate principal amount of Commonwealth of Virginia Transportation Capital Projects Revenue Bonds that may be issued in a fiscal year from $300 million to $600 million for FY 2012, and from $300 million to $500 million for FY 2013.
The bill establishes the Intercity Passenger Rail Operating and Capital Fund to be used by the Director of the Department of Rail and Public Transportation, with the approval of the Commonwealth Transportation Board, on projects that expand and improve intercity passenger rail service.
Finally, the bill increases from $50 million to $200 million the total limit on revenue-sharing funds allocated by the Commonwealth Transportation Board (CTB) to certain counties, cities, and towns in any one fiscal year and increases from $1 million to $10 million the per project cap on funds; and provides that the funds allocated by the CTB will be distributed in accordance with the revenue-sharing guidelines established by the CTB.
FULL TEXT
- 01/21/11 House: Presented and ordered printed 11103942D pdf
- 01/31/11 House: Committee substitute printed 11104669D-H1 pdf | impact statement
- 02/15/11 Senate: Committee substitute printed 11105172D-S1 pdf | impact statement
- 02/27/11 House: Conference substitute printed 11105666D-H2 pdf
- 03/03/11 House: Bill text as passed House and Senate (HB2527ER) pdf | impact statement
- 04/06/11 House: Reenrolled bill text (HB2527ER2) pdf
- 04/06/11 Governor: Acts of Assembly Chapter text (CHAP0830) pdf
AMENDMENTS
HISTORY
- 01/21/11 House: Presented and ordered printed 11103942D
- 01/21/11 House: Referred to Committee on Appropriations
- 01/21/11 House: Assigned App. sub: Transportation
- 01/31/11 House: Subcommittee recommends reporting with amendment(s) (6-Y 1-N)
- 01/31/11 House: Reported from Appropriations with substitute (17-Y 5-N)
- 01/31/11 House: Committee substitute printed 11104669D-H1
- 02/02/11 House: Read first time
- 02/03/11 House: Read second time
- 02/03/11 House: Committee substitute agreed to 11104669D-H1
- 02/03/11 House: Amendments by Delegate Watts rejected (39-Y 58-N)
- 02/03/11 House: VOTE: REJECTED (39-Y 58-N)
- 02/03/11 House: Speaker ruled Amendment by Delegate Sickles not germane
- 02/03/11 House: Pending question ordered
- 02/03/11 House: Amendment by Delegate Plum rejected (38-Y 59-N)
- 02/03/11 House: VOTE: REJECTED (38-Y 59-N)
- 02/03/11 House: Pending question ordered
- 02/03/11 House: Engrossed by House - committee substitute (62-Y 35-N) HB2527H1
- 02/03/11 House: VOTE: ENGROSSMENT (62-Y 35-N)
- 02/04/11 House: Read third time and passed House (65-Y 33-N)
- 02/04/11 House: VOTE: PASSAGE (65-Y 33-N)
- 02/07/11 Senate: Constitutional reading dispensed
- 02/07/11 Senate: Referred to Committee on Finance
- 02/15/11 Senate: Committee substitute printed 11105172D-S1
- 02/15/11 Senate: Reported from Finance with substitute (9-Y 2-N)
- 02/16/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/17/11 Senate: Read third time
- 02/17/11 Senate: Reading of substitute waived
- 02/17/11 Senate: Committee substitute agreed to 11105172D-S1
- 02/17/11 Senate: Engrossed by Senate - committee substitute HB2527S1
- 02/17/11 Senate: Passed Senate with substitute (32-Y 7-N)
- 02/18/11 House: Placed on Calendar
- 02/21/11 House: Senate substitute rejected by House 11105172D-S1 (31-Y 68-N)
- 02/21/11 House: VOTE: REJECTED (31-Y 68-N)
- 02/23/11 Senate: Senate insisted on substitute (40-Y 0-N)
- 02/23/11 Senate: Senate requested conference committee
- 02/24/11 House: House acceded to request
- 02/24/11 Senate: Conferees appointed by Senate
- 02/24/11 Senate: Senators: Wampler, Colgan, Saslaw
- 02/24/11 House: Conferees appointed by House
- 02/24/11 House: Delegates: Oder, Jones, Howell, A.T.
- 02/27/11 House: Conference substitute printed 11105666D-H2
- 02/27/11 House: Conference report agreed to by House (80-Y 16-N)
- 02/27/11 House: VOTE: ADOPTION (80-Y 16-N)
- 02/27/11 Senate: Conference report agreed to by Senate (32-Y 7-N)
- 02/27/11 Senate: Reconsideration of conference report agreed to by Senate (40-Y 0-N)
- 02/27/11 Senate: Conference report agreed to by Senate (33-Y 7-N)
- 03/03/11 House: Enrolled
- 03/03/11 House: Bill text as passed House and Senate (HB2527ER)
- 03/03/11 House: Signed by Speaker
- 03/06/11 Senate: Signed by President
- 03/26/11 House: Governor's recommendation received by House
- 04/05/11 House: Placed on Calendar
- 04/06/11 House: House concurred in Governor's recommendation Amendments #1, 2 and 4 (80-Y 19-N)
- 04/06/11 House: VOTE: ADOPTION (80-Y 19-N)
- 04/06/11 House: House concurred in Governor's recommendation Amendment #3 (65-Y 34-N)
- 04/06/11 House: VOTE: ADOPTION (65-Y 34-N)
- 04/06/11 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/06/11 Governor: Governor's recommendation adopted
- 04/06/11 House: Reenrolled
- 04/06/11 House: Reenrolled bill text (HB2527ER2)
- 04/06/11 House: Signed by Speaker as reenrolled
- 04/06/11 Senate: Signed by President as reenrolled
- 04/06/11 House: Enacted, Chapter 830 (effective 7/1/11)
- 04/06/11 Governor: Acts of Assembly Chapter text (CHAP0830)