WV HB2559 | 2013 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 7-3)
Status: Introduced on February 20 2013 - 25% progression, died in committee
Action: 2013-02-28 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

The purpose of this bill is to requires all debt obligations of the West Virginia parkways authority to be satisfied by February 1, 2020. The bill eliminates tolls on the West Virginia Turnpike by February 1, 2020. The bill provides that certain materials, equipment, assets and employees of the parkways authority be transferred to the Division of Highways. The bill provides for employees of the parkways authority whose positions are eliminated as result of the transfer. The bill requires certain moneys be used for former highways of the West Virginia Turnpike. The bill provides that all obligations and responsibilities of the parkways authority for the West Virginia Turnpike ceases on January 1, 2035. The bill prohibits new bonds from being issued. The bill provides an exception. The bill requires the Division of Highways to accept ownership of the West Virginia Turnpike when the bonds secured by toll revenues have been paid.

Tracking Information

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Title

Requiring all debt obligations of the West Virginia parkways authority to be satisfied by February 1, 2020

Sponsors


History

DateChamberAction
2013-02-28HouseTo House Finance
2013-02-28HouseDo pass, but first to Finance
2013-02-20HouseTo House Roads and Transportation
2013-02-20HouseIntroduced in House
2013-02-20HouseTo Roads and Transportation then Finance
2013-02-20HouseFiled for introduction

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
1716A10Amended CodeCitation Text
1716A18Amended CodeCitation Text
1716A4Amended CodeCitation Text

West Virginia State Sources


Bill Comments

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