Commonwealth Mass Transit Fund; allocations, Hampton Roads Transportation Accountability Commission.

Commonwealth Mass Transit Fund; Hampton Roads Transportation Accountability Commission. Creates a new allocation from the Commonwealth Mass Transit Fund for the Hampton Roads Transportation Accountability Commission, adjusts the amounts of certain other allocations from such Fund, and removes the light rail system operated by the Transportation District Commission of Hampton Roads from eligibility for funds from such other allocations from such Fund. The bill requires the Commonwealth Transportation Board to withhold 20 percent of the funds from such new allocation unless the Transportation District Commission of Hampton Roads submits to it certain information annually. The bill directs the Department of Rail and Public Transportation, for fiscal year 2027, to reserve and utilize certain funds in amounts necessary to provide certain supplemental operating assistance to certain transit providers that would experience a reduction in allocable funds due to the reallocations in this bill. The bill has a delayed effective date of July 1, 2026.