HB 2099 Transportation Investment Bond Act of 2005; created.
Timothy D. Hugo | all patrons    ...    notes
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Summary as introduced:
Transportation Investment Act.  Provides long-term funding of transportation projects throughout the Commonwealth by dedicating all insurance license tax revenues for such purpose. The Commonwealth Transportation Board is authorized to issue revenue bonds using no more than one-third of the insurance license tax revenues for debt service on the bonds. The amount of insurance license tax revenues not used for debt service, plus the proceeds of the bonds, are allocated to each highway construction district for transportation projects on a pro rata basis according to population. The transportation projects to be funded shall be determined by the Commonwealth Transportation Board.

Full text:
01/11/05  House: Prefiled & ordered printed; offered 01/12/05 053040332  pdf | impact statement
01/27/05  House: Introduced bill reprinted 053040332  pdf | impact statement

Status:
01/11/05  House: Prefiled & ordered printed; offered 01/12/05 053040332
01/11/05  House: Referred to Committee on Transportation
01/27/05  House: Introduced bill reprinted 053040332
02/01/05  House: Reported from Tra. w/sub (20-Y 0-N)
02/01/05  House: Referred to Committee on Appropriations
02/02/05  House: Incorporated by App. (HB2771-Callahan) by voice vote