2002 Session

Budget Amendments - HB30 (Committee Approved)

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Treasury Board Approval of PPTA Agreements (language only)

Item 491 #10h

Item 491 #10h

Transportation, Department of

Page 353, after line 17, insert:
"M. Consideration by the Department of Transportation of a proposal submitted under the Public-Private Transportation Act of 1995 for the planning and design, inspection and reconstruction from concrete to asphalt of I-295 from I-64 (Short Pump) to Mile Post 8, and I-64 from I-95 to the Laburnum Avenue interchange, to be financed by a service agreement with the Department, is hereby approved.  Any comprehensive agreement which is negotiated by the Department shall be conditioned upon review and approval of the terms and conditions of the financing pursuant to § 2.2-2614, Code of Virginia, by the Treasury Board and approval of the comprehensive agreement by the Commonwealth Transportation Board after consultation with the Treasury Board and authorization by the Governor after consultation with the Treasury Board and notification to the Chairmen of the House Appropriations and Senate Finance Committees."

(This amendment authorizes VDOT to consider a proposal for the reconstruction of I-295 submitted under the PPTA. It requires approval of the Governor, the Commonwealth Transportation Board and the Treasury Board, and notification to the money committees, of any comprehensive agreement under the Public-Private Transportation Act of 1995.)