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2006 Special Session I

Budget Amendments - HB5002 (Conference Report)

Route 58 Corridor Program (language only)

Item 491 #1c

Item 491 #1c

Transportation
Department Of Transportation

Language
Page 382, after line 12, insert:
"3.  The Commissioner shall report on or before July 1 of each year to the Chairmen of the Senate Finance and House Appropriations Committees on the cash balances in the Route 58 Corridor Development Fund.  In addition, the report shall include the following: (i) allocations and expenditures from the Fund for the preceding fiscal year by project and district; (ii) a comparison of actual spending to allocations by projects and district; and (iii) a six-year plan for planned future expenditures from the Fund by project and district."


Explanation
(This amendment requires VDOT to report on the status of the Route 58 Corridor Program and its Development Fund, including the Fund's cash balance, planned spending by district, actual spending by district, and planned expenditures over a six-year period.)