SB445:

Roadways; operation under HCA to operate instead under PPTA.

Bill Summary:

Commissioner of Highways; roadways operating
under the Virginia Highway Corporation Act of 1988 to operate under
the Public-Private Transportation Act of 1995. Directs the Commissioner
of Highways to evaluate whether it is in the public interest for
any roadway operated pursuant to the Virginia Highway Corporation
Act of 1988 (HCA) to operate instead under the authority and requirements
provided by the Public-Private Transportation Act of 1995 (PPTA).
The bill authorizes the Commissioner, if he determines it is in the
public interest for any such roadway to operate under the PPTA and
if the Secretary of Transportation and the Transportation Public-Private
Partnership Steering Committee concur, to negotiate and execute a
new comprehensive agreement with the operator of such roadway to operate
under the authority and requirements provided by the PPTA. The bill
has an expiration date of January 1, 2024.