SB 1324 Commonwealth Transit Capital Fund; renamed Transit Partnership Fund.
Richard L. Saslaw | all patrons    ...    notes
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Summary as passed Senate: (all summaries)
Dedication, distribution, and management of transportation maintenance and construction funds.  Renames the Commonwealth Transit Capital Fund the Transit Partnership Fund and extends the present matching requirements for at least 20 percent of the nonfederal share of the total project cost to cover both project and program costs. The bill establishes the Private Partnership Fund as a nonreverting fund in which proceeds are to make loans in furtherance of projects under the Public-Private Transportation Act of 1995 and establishes the Local Partnership Fund to be used by the Department of Transportation to encourage local management of construction and improvement projects in the state primary, urban, and secondary highway systems. The bill also renames the Railway Preservation and Development Fund the Rail Partnership Fund, and eliminates the present requirement that projects undertaken using the Fund be owned by the Commonwealth upon completion and, instead, limits Fund projects to those that the Director of the Department of Rail and Public Transportation determines will result in public benefits to Virginia that are equal to or greater than the funds required.

The bill establishes the nine-member Rail Advisory Board to develop recommendations to be presented to the Commonwealth Transportation Board regarding allocations of funds from the Rail Partnership Fund and advise the Director and the Department of Rail and Public Transportation on other matters at their request.

Beginning with the 2006-2007 fiscal year, the bill dedicates all revenues from the insurance license tax on automobile premiums to the Priority Transportation Fund. The bill repeals the dedication of one-third of the revenues from the license tax on insurance companies to the Priority Transportation Fund effective July 1, 2005.

The bill provides that all moneys in the Transportation Trust Fund, Priority Transportation Fund, and the Highway Maintenance and Operating Fund shall be used for transportation-related purposes and that moneys designated for deposit into the general fund shall not be used for transportation with limited exceptions.

The bill also allows "operators" and "responsible public entities," in lieu of entering into comprehensive agreements under the Public-Private Transportation Act of 1995, to enter into development agreements under the terms of which the operator would perform work and receive compensation therefor without committing either party to completing the entire course of improvements otherwise contained in a comprehensive agreement. Finally, the bill requires the Commonwealth Transportation Board to ensure that funds allocated to any construction project are fully allocated and paid off no later than 12 months following completion of the project.

Full text:
01/21/05  Senate: Presented & ordered printed 053519124  pdf | impact statement
02/03/05  Senate: Committee substitute printed 055090712-S1  pdf
02/17/05  House: Committee substitute printed 053139260-H1  pdf

Status:
01/21/05  Senate: Presented & ordered printed 053519124
01/21/05  Senate: Referred to Committee on Finance
02/02/05  Senate: Reported from Finance with substitute (15-Y 0-N)
02/03/05  Senate: Committee substitute printed 055090712-S1
02/03/05  Senate: Constitutional reading dispensed (39-Y 0-N)
02/03/05  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
02/04/05  Senate: Read second time
02/04/05  Senate: Reading of substitute waived
02/04/05  Senate: Committee substitute agreed to 055090712-S1
02/04/05  Senate: Engrossed by Senate - committee substitute SB1324S1
02/07/05  Senate: Read third time and passed Senate (40-Y 0-N)
02/07/05  Senate: VOTE: PASSAGE R (40-Y 0-N)
02/07/05  Senate: Communicated to House
02/09/05  House: Placed on Calendar
02/09/05  House: Read first time
02/09/05  House: Referred to Committee on Appropriations
02/09/05  House: Assigned to App. sub-committee: Transportation
02/16/05  House: Reported from Appropriations with sub (24-Y 0-N)
02/17/05  House: Committee substitute printed 053139260-H1
02/18/05  House: Read second time
02/21/05  House: Read third time
02/21/05  House: Committee substitute agreed to 053139260-H1
02/21/05  House: Engrossed by House - committee substitute SB1324H1
02/21/05  House: Passed House with substitute BLOCK VOTE (98-Y 0-N)
02/21/05  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
02/23/05  Senate: House substitute rejected by Senate (4-Y 33-N)
02/23/05  Senate: VOTE: CONCUR HOUSE AMENDMENT (4-Y 33-N)
02/23/05  Senate: Rec. of House sub. agreed to by Senate (37-Y 0-N)
02/23/05  Senate: VOTE: RECONSIDER (37-Y 0-N)
02/23/05  Senate: House substitute rejected by Senate (6-Y 32-N)
02/23/05  Senate: VOTE: CONCUR HOUSE AMENDMENT (6-Y 32-N)
02/24/05  House: House insisted on substitute
02/24/05  House: House requested conference committee
02/24/05  Senate: Senate acceded to request (39-Y 0-N)
02/24/05  Senate: VOTE: ACCEDE CONF. COMM. (39-Y 0-N)
02/24/05  Senate: Conferees appointed by Senate
02/24/05  Senate: Senators: Saslaw, Stolle, Potts
02/24/05  House: Conferees appointed by House
02/24/05  House: Delegates: Callahan, Wardrup, Joannou
02/27/05  Senate: No further action taken
02/27/05  Senate: Failed to pass in Senate