2002 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Norment
PPTA Approval (language only)

Item 491 #9s

Item 491 #9s

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:  Jamestown Corridor Improvements:  design and construction of improvements in the Route 199/31 Jamestown Road Corridor between I-64 east of Williamsburg to its intersection with Route 31, including improvements to Route 31 at its intersection with Route 199 intersection and to Route 359, 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 Jamestown Corridor Improvements PPTA proposal, including the potential to use tax-supported debt for the project without further General Assembly approval.)