2012 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Plum
Co-Patron(s): Rust
Buy Down of Dulles Tolls (language only)

Item 441 #2h

Item 441 #2h

Rail and Public Transportation, Department of

Page 336, after line 34, insert:
"F.  From the amounts available for allocation to transportation projects by the  Commonwealth Transportation Board in the Commonwealth's Fiscal Year 2012-2014 Appropriation Act, shall be provided for $350,000,000 to reduce the portion of costs for the Dulles Corridor Metrorail Project intended to be supported by toll revenues generated on the Dulles Toll Road pursuant to the existing project agreement.  The  $350,000,000 state commitment shall be in addition to the $150,000,000 included in the project agreement and the full amount shall be used to reduce the project share to be borne by toll revenues, which shall be reduced proportionally."

(This amendment directs the Commonwealth Transportation Board to utilize $350.0 million, in addition to the $150.0 million already committed by the State, to buy down the costs of the Dulles Corridor Metrorail Project to reduce the price of tolls on the Dulles Toll Road that are being used to support the project costs. The amount requested matches the amount of public funding the Commonwealth has announced it will commit to the Route 460 project in Hampton Roads.)