SB 60 Commonwealth of Virginia Transform I-66 Corridor Outside the Beltway Bond Act of 2016; created.
Emmett W. Hanger, Jr. | all patrons    ...    notes
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Summary as passed Senate: (all summaries)

Bonds; tolls on I-66. Authorizes the Treasury Board to issue bonds pursuant to Article X, Section 9 (c) of the Constitution of Virginia in an amount up to $1.5 billion plus financing costs to finance the costs of acquiring, constructing, and equipping dynamically tolled lanes on a portion of Interstate 66. Issuance of the bonds is contingent on (i) the Commissioner of Highways finding that the private parties are unable to deliver the I-66 project outside the Beltway in a way that meets the term sheet, (ii)  the Transportation Public-Private Partnership Advisory Committee concurs with the Commissioner's finding, and (iii) that the Secretary of Finance further concurs and finds that the issuance of bonds is in the public interest. The bill is contingently effective on the requirements for changing the HOV-2 designation on I-66 being met and the Secretary certifying that such requirements have been met. No bonds shall be issued prior to February 20, 2017.

Full text:
12/17/15  Senate: Prefiled and ordered printed; offered 01/13/16 16103324D  pdf | impact statement
02/09/16  Senate: Committee substitute printed 16104967D-S1  pdf

Status:
12/17/15  Senate: Prefiled and ordered printed; offered 01/13/16 16103324D
12/17/15  Senate: Referred to Committee on Finance
02/09/16  Senate: Reported from Finance with substitute (15-Y 0-N)
02/09/16  Senate: Committee substitute printed 16104967D-S1
02/10/16  Senate: Constitutional reading dispensed (40-Y 0-N)
02/11/16  Senate: Read second time
02/11/16  Senate: Reading of substitute waived
02/11/16  Senate: Committee substitute agreed to 16104967D-S1
02/11/16  Senate: Passed by for the day
02/15/16  Senate: Read second time
02/15/16  Senate: Engrossed by Senate - committee substitute SB60S1
02/15/16  Senate: Constitutional reading dispensed (39-Y 0-N)
02/15/16  Senate: Passed Senate (27-Y 11-N)
02/17/16  House: Placed on Calendar
02/17/16  House: Read first time
02/17/16  House: Referred to Committee on Appropriations
02/22/16  House: Assigned App. sub: Transportation
03/07/16  House: Continued to 2017 in Appropriations by voice vote
12/01/16  House: Left in Appropriations