WV HB2606 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 21 2017 - 25% progression, died in committee
Action: 2017-02-21 - To House Roads and Transportation
Pending: House Roads & Transportation Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 21 2017 - 25% progression, died in committee
Action: 2017-02-21 - To House Roads and Transportation
Pending: House Roads & Transportation Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to maintain the status quo in the event bond indebtedness is eliminated as the result of being paid off in order to continue collecting revenue for parkways roads and infrastructure projects. Current law would require, in the event bond indebtedness was satisfied, that tolls be eliminated and Parkway Authority roads and infrastructure projects if in good condition be transferred to the Division of Highways. This bill also provides that after all bonds are paid, all toll revenues exceeding $55 million annually shall be placed into a special revenue account and those funds used for road projects in counties where the West Virginia Turnpike is located.
Title
Maintaining status quo in the event bond indebtedness relative to Parkways Authority is eliminated
Sponsors
Del. Ron Walters [R] |
History
Date | Chamber | Action |
---|---|---|
2017-02-21 | House | To House Roads and Transportation |
2017-02-21 | House | Introduced in House |
2017-02-21 | House | To Roads and Transportation then Finance |
2017-02-21 | House | Filed for introduction |
Same As/Similar To
SB381 (Similar To) 2017-03-13 - To Finance
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
17 | 16A | 18 | Amended Code | Citation Text |