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2016 Session

Budget Amendments - HB30 (Conference Report)

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Report on Transform 66 Outside the Beltway (language only)

Item 436 #3c

Item 436 #3c

Transportation
Secretary of Transportation

Language

Page 372, after line 12, insert:

"M. 1. No later than October 31, 2016 the Secretary of Transportation shall report to the Chairmen of the House Appropriations and Senate Finance Committees on the outcome of the negotiations pursuant to the procurement for the Commonwealth of Virginia Transform I-66 Corridor Outside the Beltway project and whether the parties were able to deliver the project in a manner that meets all of the terms published in the request for qualifications dated September 17, 2015, as clarified by the term sheet published on October 1, 2015, and subsequently amended, and the draft request for proposals dated December 17, 2015.  

2. If the Transportation Public-Private Partnership Advisory Committee established pursuant to § 33.2-1803.2 of the Code of Virginia and the Commissioner of Highways find that the private parties did not meet the terms published in the request for qualifications dated September 17, 2015, as clarified by the term sheet published on October 1, 2015, and subsequently amended, and the draft request for proposals dated December 17, 2015, and state that it is in the public interest to proceed with public financing for this project; and the Secretary of Finance concurs in writing with Commissioner of Highways' finding that the private parties did not meet the terms and that it is in the public interest to proceed with the issuance of bonds, the Secretary shall notify the Chairmen of such finding to enable the respective Committees to consider Senate Bill 60 and House Bill 1067, continued to the 2017 Session by the 2016 General Assembly, prior to the procedural deadline for action on such legislation."



Explanation

(This amendment directs the Secretary of Transportation to report to the money committees on the outcome of negotiations under the request for proposals for the Transform 66 Outside the Beltway project by October 31, 2016 to enable consideration of proceeding with public financing of such project if the public-private proposal does not meet the terms outlined in the RFP.)