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2018 Code of Virginia
Title 33.2 - Highways and Other Surface Transportation Systems
Chapter 3 - Highway Systems
§ 33.2-368. Financial plans for transportation construction projects
Universal Citation: VA Code § 33.2-368 (2018)
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, ยง 33.1-23.5:3; 2014, c. 805.
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