Chief Patron: McDougle
SB 1082: Special Structures Program Revenue Bond Act of 2025 (language only)

Item 440 #1s

Explanation

(This amendment serves as a placeholder for the potential impact of Senate Bill 1082 which authorizes the Commonwealth Transportation Board to issue revenue bonds to be known and designated as "Commonwealth of Virginia Special Structures Program Revenue Bonds." The bill provides that such bonds shall be payable solely (i) first from revenues received from the Special Structure Fund; (ii) second and to the extent required, from revenues legally available from the Transportation Trust Fund; and (iii) then to the extent required, from any other legally available funds.)