Bill
Bill > HB1127
VA HB1127
VA HB1127Toll rate; increases State Corporation Commission duration and timeline for review.
summary
Introduced
01/14/2026
01/14/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
02/06/2026
02/06/2026
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
State Corporation Commission; duration and timeline for review of toll rate increases. Increases from one year to two years the maximum length of time the State Corporation Commission is authorized to approve toll rate increases under the Virginia Highway Corporation Act of 1988. The bill also requires the Commission to issue a final order regarding any application for approval of one year or two years of such toll rate increases to be entered within nine months or 12 months, respectively, after the date of the filing of such application.
AI Summary
This bill modifies the Virginia Highway Corporation Act of 1988 by extending the maximum period the State Corporation Commission (SCC), the state agency responsible for regulating public utilities, can approve toll rate increases from one year to two years. Additionally, it sets specific timelines for the SCC to issue final decisions on these applications, requiring a decision within nine months for one-year increases and twelve months for two-year increases after the application is filed.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to Committee on Commerce and Labor (on 02/10/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB1127 |
| Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB1127) | https://lis.blob.core.windows.net/files/1101165.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1127/text/HB1127 |
Loading...