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2009 Session

Budget Amendments - HB1600 (Committee Approved)

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VRE Insurance (language only)

Item 274 #2h

Item 274 #2h

Finance
Treasury, Department of the

Language
Page 280, after line 20, insert:
"D. Notwithstanding the provisions of § 15.2-4526, Code of Virginia, the Director of the Department of Rail and Public Transportation is authorized to work with the Northern Virginia Transportation Commission, the Potomac Rappahannock Transportation Commission, and the Virginia Railway Express to competitively procure self-insurance liability coverage through either the Virginia Division of Risk Management or an independent third party.  In conducting this procurement, the Director of the Department of Rail and Public Transportation shall ensure compliance with all applicable public procurement and administrative guidelines."


Explanation
(This amendment ensures that the Virginia Railway Express is able to obtain liability insurance coverage through a third party.)