Item 435 | First Year - FY2027 | Second Year - FY2028 |
|---|---|---|
| Administrative and Support Services (69900) | $24,027,694 | $24,027,694 |
| General Management and Direction (69901) | FY2027 $24,027,694 | FY2028 $24,027,694 |
| Fund Sources: | ||
| Commonwealth Transportation | FY2027 $24,027,694 | FY2028 $24,027,694 |
Authority: Titles 33.2 and 58.1, Code of Virginia.
A. The Director, Department of Planning and Budget, is authorized to adjust appropriations and allotments for the Department of Rail and Public Transportation to reflect changes in the official revenue estimates for commonwealth transportation funds.
B. The Commonwealth Transportation Board may allocate up to 5 percent of the revenues available each year in the funds established pursuant to §§ 33.2-1602, 33.2-1526 and revenues allocated to the Department pursuant to 33.2-1526.4 to support costs of project development, project administration and project compliance incurred by the Department of Rail and Public Transportation in implementing rail, public transportation, and congestion management programs and grants.
C. The Virginia Department of Rail and Public Transportation, with the assistance from the Virginia Department of Housing and Community Development, shall conduct a statewide review to plan, promote, and identify funding opportunities for transit-oriented development around existing and proposed transit and rail stations. The review also will include an analysis of potential barriers to housing production and economic development. The Department shall submit the results of the review to the Governor and the General Assembly on or before December 15, 2026.