Code of Virginia § 33.2-368. Financial plans for transportation construction projects.

119 words·~1 min read·/va/title-33-2/chapter-3/33-2-368

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

For transportation construction projects valued in excess of $100 million, the Commissioner of Highways shall require that a financial plan be prepared and presented to the Board for its review. This plan shall include, but not be limited to, the following:

(i)a complete cost estimate for all major project elements,

(ii)an implementation plan with the project schedule and cost-to-complete information presented for each year,

(iii)identified revenues by funding source available each year to meet project costs,

(iv)a detailed cash-flow analysis for each year of the proposed project, and

(v)efforts to be made to ensure maximum involvement of private enterprise and private capital.

2013, cc. 585 , 646 , § 33.1-23.5:3; 2014, c. 805 .