Virginia Senate Bill 1259 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on February 2 2021 - 50% progression, died in chamber
Action: 2021-02-08 - Continued to Special Session 1 in Transportation by voice vote
Text: Latest bill text (Comm Sub) [HTML]

Virginia Highway Corporation Act; alteration of certificate of authority; powers and duties of the State Corporation Commission. Requires any application for a transfer, extension, or amendment of a certificate of authority issued under the Virginia Highway Corporation Act to include information demonstrating the financial fitness of the entity applying to operate the roadway. The bill requires an applicant for a toll increase to provide a forward-looking analysis return that will be reviewed by the Department of Transportation that demonstrates that the proposed rates will be reasonable to the user in relation to the benefit obtained, not likely to materially discourage use of the roadway, and provide the operator no more than a reasonable return. The bill also prohibits the State Corporation Commission from authorizing a toll increase if these criteria are not met or if the proposed increase is for more than one year. The bill requires an operator to receive approval from the Commission prior to refinancing any existing debt. Virginia Highway Corporation Act; alteration of certificate of authority; powers and duties of the State Corporation Commission. Requires any application for a transfer, extension, or amendment of a certificate of authority issued under the Virginia Highway Corporation Act to include information demonstrating the financial fitness of the entity applying to operate the roadway. The bill requires an applicant for a toll increase to provide a forward-looking analysis return that will be reviewed by the Department of Transportation that demonstrates that the proposed rates will be reasonable to the user in relation to the benefit obtained, not likely to materially discourage use of the roadway, and provide the operator no more than a reasonable return. The bill also prohibits the State Corporation Commission from authorizing a toll increase if these criteria are not met or if the proposed increase is for more than one year. The bill requires an operator to receive approval from the Commission prior to refinancing any existing debt.

Virginia Highway Corporation Act; alteration of certificate of authority, powers and duties of SCC.

Sen. John Bell [D]

Sen. Jennifer Boysko [D]

2021-02-03 - Senate - Senate: Read third time and passed Senate (32-Y 5-N) (Y: 32 N: 5 NV: 0 Abs: 2) [PASS]
2021-02-01 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 0 Abs: 2) [PASS]
2021-01-28 - Senate - Senate: Reported from Transportation with substitute (12-Y 3-N) (Y: 12 N: 3 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-02-08	House	Continued to Special Session 1 in Transportation by voice vote
2021-02-05	House	Referred to Committee on Transportation
2021-02-05	House	Read first time
2021-02-05	House	Placed on Calendar
2021-02-03	Senate	Read third time and passed Senate (32-Y 5-N)
2021-02-02	Senate	Engrossed by Senate - committee substitute SB1259S1
2021-02-02	Senate	Amendment by Senator Marsden rejected
2021-02-02	Senate	Reading of amendment waived
2021-02-02	Senate	Committee substitute agreed to 21103749D-S1
2021-02-02	Senate	Reading of substitute waived
2021-02-02	Senate	Read second time
2021-02-01	Senate	Constitutional reading dispensed (37-Y 0-N)
2021-01-28	Senate	Committee substitute printed 21103749D-S1
2021-01-28	Senate	Reported from Transportation with substitute (12-Y 3-N)
2021-01-11	Senate	Referred to Committee on Transportation
2021-01-11	Senate	Prefiled and ordered printed; offered 01/13/21 21101430D

SB1259 (Carry Over) 2021-02-08 - Continued to Special Session 1 in Transportation by voice vote

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+SB1259
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+SB1259+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+SB1259S1+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/21103749D.pdf
Amendment	https://lis.virginia.gov/cgi-bin/legp604.exe?211+amd+SB1259ASR
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+S11V0023+SB1259
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SV0217SB1259+SB1259
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?211+vot+SV0280SB1259+SB1259