WV HB4263 | 2014 | Regular Session

Status

Sponsorship: Slight Partisan Bill (Republican 8-3)
Status: Introduced on January 22 2014 - 25% progression, died in committee
Action: 2014-01-30 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

The purpose of this bill is to provide for the transfer of ownership, operation and maintenance of certain assets of the West Virginia parkways authority, including the road now known as the West Virginia to the Division of Highways. The bill requires all debt obligations of the Parkways Authority to be satisfied by February 1, 2020. The bill eliminates tolls on the West Virginia Turnpike after debt obligations are satisfied. The bill directs the Governor to issue a proclamation that all obligations are satisfied and transfer of assets. 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 operation and maintenance of, and for the provision of police services by the West Virginia State Police on the West Virginia Turnpike. The bill provides that all obligations and responsibilities of the parkways authority for the West Virginia Turnpike cease 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. The bill creates two funds and authorizes rule-making.

Tracking Information

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Title

Providing for the transfer of ownership, operation and maintenance of certain assets of the West Virginia Parkways Authority to the Division of Highways

Sponsors


History

DateChamberAction
2014-01-30HouseTo House Finance
2014-01-30HouseDo pass, but first to Finance
2014-01-22HouseTo House Roads and Transportation
2014-01-22HouseIntroduced in House
2014-01-22HouseTo Roads and Transportation then Finance
2014-01-22HouseFiled for introduction

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
15212Amended CodeCitation Text
1716A10Amended CodeCitation Text
1716A18Amended CodeCitation Text
1716A4Amended CodeCitation Text

West Virginia State Sources


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