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Transportation; Commonwealth Transportation Special Structures Program Revenue Bond Act of 2025. Authorizes the Commonwealth Transportation Board to issue revenue bonds to be known and designated as "Commonwealth of Virginia Special Structures Program Revenue Bonds." The bill provides that the aggregate principal amount of such bonds shall not exceed $1 billion and shall not exceed $200 million in any single fiscal year. The bonds shall be payable solely (i) first from revenues received from the Special Structure Fund; (ii) second and to the extent required, from revenues legally available from the Transportation Trust Fund; and (iii) then to the extent required, from any other legally available funds.
Introduced
Jan 7, 2025
Last Action
Mar 21, 2025
Session
VA 2025
Sponsors
1 primary · 2 co
Acts of Assembly Chapter text (CHAP0327)
Approved by Governor-Chapter 327 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill Communicated to Governor on March 11, 2025
Fiscal Impact Statement from Department of Planning and Budget (SB1082)
Signed by President
Bill text as passed Senate and House (SB1082ER)
Signed by Speaker
Enrolled
Conference report agreed to by Senate (39-Y 0-N)
Conference report agreed to by House (95-Y 1-N)
Amended by conference committee
Senate acceded to request (40-Y 0-N)
Moved from Uncontested Calendar to Regular Calendar
Read second time
Constitutional reading dispensed (on 3rd reading) (95-Y 0-N)
Appropriations Amendment agreed to
Engrossed by House as amended
Passed House with amendment (95-Y 0-N)
House Amendment rejected by Senate (0-Y 39-N)
House insisted on amendment
House requested conference committee
Conferees appointed by Senate
Senators: McDougle, Marsden, Boysko
Conferees appointed by House
Delegates: Torian, Krizek, Austin
Senate acceded to request
Reported from Appropriations with amendment(s) (22-Y 0-N)
Assigned Approps sub: Transportation & Public Safety
Referred to Committee on Appropriations
Read first time
Placed on Calendar
Fiscal Impact Statement from Department of Planning and Budget (SB1082)
Reading of substitute waived
Constitutional reading dispensed (on 3rd reading) (39-Y 1-N)
Passed Senate (40-Y 0-N)
Rules suspended
Engrossed by Senate - committee substitute
Finance and Appropriations Substitute agreed to
Read second time
Constitutional reading dispensed (on 1st reading) (38-Y 0-N)
Passed by for the day
Rules suspended
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Committee substitute printed 25105914D-S1
Rereferred from Transportation to Finance and Appropriations (15-Y 0-N)
Prefiled and ordered printed; Offered 01-08-2025 25104273D
Referred to Committee on Transportation
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0327)
Ryan T. McDougle
Luther Cifers, III
Tara A. Durant