summary
Introduced
01/13/2026
01/13/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
02/05/2026
02/05/2026
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Issuance of bonds for the U.S. Route 58 Corridor Development Program. Increases from $1.3 billion to $1.632 billion the maximum aggregate principal amount for bonds that may be issued for the U.S. Route 58 Corridor Development Program, and specifies that the amount of such increase is not specifically allocated to a part of the project.
AI Summary
This bill increases the maximum amount of bonds that can be issued for the U.S. Route 58 Corridor Development Program, a project aimed at improving highway infrastructure along Virginia's southern border, from $1.3 billion to $1.632 billion. The additional $332 million in bond issuance authorized by this bill is not designated for specific parts of the project but will be used to further its completion. Bonds are issued by the Commonwealth Transportation Board, with the Treasury Board acting as the sales and paying agent.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Committee on Appropriations (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/SB517 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (SB517) | https://lis.blob.core.windows.net/files/1096644.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/SB517/text/SB517 |
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