loading…
loading…
loading…
_ 594 Item Details($) Appropriations($) ITEM 443. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 a. Amounts provided from state transportation revenues estimated at $40,000,000 the first year and $40,000,000 the second year to support the debt service and other commitments of the Fund as required under § 33.2-2400. b. Any public right-of-way use fees allocated by the Department of Transportation pursuant to § 56-468.1 of the Code of Virginia and attributable to the counties of Fairfax, Loudoun, and Prince William, the amounts estimated at $4,716,118 the first year and $4,716,118 $3,573,920 the second year. c. Any amounts which may be deposited into the Fund pursuant to a contract between the Commonwealth Transportation Board and a jurisdiction or jurisdictions participating in the Northern Virginia Transportation District Program, the amounts estimated to be $816,000 the first year and $816,000 the second year. 2. The Fund shall support the issuance of bonds at a total authorized level of $500,200,000 for the purposes provided in the “Northern Virginia Transportation District, Commonwealth of Virginia Revenue Bond Act of 1993,” Chapter 391, Acts of Assembly of 1993 as amended by Chapters 470 and 597 of the Acts of Assembly of 1994, Chapters 740 and 761 of the Acts of Assembly of 1998, Chapter 538 of the 1999 Acts of Assembly, Chapter 799 of the 2002 Acts of Assembly, and Chapter 621 of the 2005 Acts of Assembly. 3. Pursuant to the Northern Virginia Transportation District, Commonwealth of Virginia Revenue Bond Act of 1993, Chapter 391, Acts of Assembly of 1993, and as amended by Chapters 470 and 597 of the Acts of Assembly of 1994, Chapters 740 and 761 of the Acts of Assembly of 1998, Chapter 538 of the 1999 Acts of Assembly, Chapter 799 of the 2002 Acts of Assembly, and Chapter 621 of the 2005 Acts of Assembly, amounts shown in paragraph D of this Item shall be available from the Fund for debt service for the bonds previously issued and additional bonds issued pursuant to said act. 4. Should the actual distribution of funds from the Commonwealth Transportation Fund be less than the amount required to pay debt service on the bonds, the Commonwealth Transportation Board is authorized to meet such deficiency, to the extent required, from funds identified in Enactment No. 1, Section 11, of Chapter 391, Acts of Assembly of 1993. D. Pursuant to various Payment Agreements between the Treasury Board and the Commonwealth Transportation Board, funds required to pay the debt service due on the following Commonwealth Transportation Board bonds shall be transferred to the Treasury Board as follows: FY 2025 FY 2026 Transportation Contract Revenue Refund Bonds, Series 2002 (Refunding Route 28) $8,105,000 $8,105,000 Commonwealth of Virginia Transportation Revenue Bonds: U.S. Route 58 Corridor Development Program: Series 2016C (Refunding) $4,724,250 $4,725,000 Series 2022 $7,816,000 $7,815,500 Series 2023 $14,832,950 $14,831,700 Northern Virginia Transportation District Program: Series 2016B (Refunding) $3,610,750 $3,612,000 Series 2019A (Refunding) $3,951,650 $3,953,400 Capital Projects Revenue Bonds: Series 2010 A-2 $34,411,350 $0 $34,016,988 $0 Series 2014 $18,225,950 $0 $18,224,200 $0 Series 2016 $16,799,500 $16,796,750 Series 2017 $16,523,938 $16,521,938 Series 2017A (Refunding) $69,667,650 $69,662,400