2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Newman
PPTA Project Approval - 24 in 4 Bridge Program (language only)

Item 491 #10s

Item 491 #10s

Transportation, Department of

Page 353, after line 17, insert:
"M.  Consideration by the Department of Transportation of the following proposal submitted under the Public-Private Transportation Act of 1995 is hereby approved:  "24 in 4" Bridge Program:  the Bridge Rehabilitation project for 24 bridges contained in the Virginia Transportation Development Plan for 2001 to be financed by a service agreement with the Department.  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 provides General Assembly approval for the "24 in 4" Bridge Program PPTA proposal, including the potential to use tax-supported debt for the project without further General Assembly approval.)