Virginia GOP Lawmakers Unveil $5B Transportation Bond Plan

Vadum, Matthew
September 2004
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p6
Trade Publication
The article reports that Virginia would issue $5 billion in revenue bonds for new transportation projects over a decade backed by tax collected on insurance premiums if a new proposal unveiled yesterday by Republican lawmakers wins approval from the General Assembly in next year's legislative session. The plan calls for the state to tap the estimated $381 million in revenue from insurance premium tax receipts that flow into state coffers each year. Vincent F. Callahan, chairman of the House Appropriations Committee, said in an interview yesterday.


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