2012 Special Session I

Budget Amendments - HB1300 (Conference Report)

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VSBFA for PPTA (language only)

Item 98 #1c

Item 98 #1c

Commerce And Trade
Business Assistance, Department of

Page 27, after line 27, insert:
"B.7. For the I-95 HOV/HOT Lanes project as evidenced by the Comprehensive Agreement approved pursuant to the Public-Private Transportation Act of 1995, the maximum fee and/or premium charged by the Virginia Small Business Financing Authority pursuant to §§ 2.2-2291 and 2.2-2285, Code of Virginia, for acting as the conduit issuer for any bond financing is not to exceed $25,000 per annum."

(This amendment caps the charges that may be assessed by the VSBFA for serving as the conduit bond issuer for the I-95 HOT lanes public-private transportation project. It is the intent of the General Assembly that this item be set out upon the enrolling of House Bill 1300.)