TITLE

Virginia GOP Lawmakers Unveil $5B Transportation Bond Plan

AUTHOR(S)
Vadum, Matthew
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
14422289

 

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