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2018 Session

Budget Amendments - SB29 (Floor Approved)

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HRTAC - VDOT Managed Lanes Agreement (language only)

Item 456 #1s

Item 456 #1s

Transportation
Department of Transportation

Language

Page 172, following line 8, insert:

"E. It is the intent of the General Assembly that the toll revenues, including any bond proceeds or concession payments related to such toll revenues, derived from the express lanes on Interstate 64 between the interchange of Interstate 64 with Interstate 664 and the interchange of Interstate 64 with Interstate 564 be used to reduce the necessary contribution from the Hampton Roads Transportation Accountability Commission established pursuant Chapter 26 of  Title 33.2, Code of Virginia, for a project to expand the capacity of Interstate 64 between the interchange of Interstate 64 with Interstate 664 and the interchange of Interstate 64 with Interstate 564.”



Explanation

(This amendment directs the Virginia Department of Transportation to dedicate any toll revenues, bond proceeds, or concession payments derived from the Hampton Roads express lanes to reducing the contributions of the Hampton Roads Transportation Accountability Commission towards interstate capacity expansion projects in Hampton Roads.)