Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Transportation
Board
Department of Transportation
chapter
Economic Development Access Fund Policy [24 VAC 30 ‑ 271]
This action is exempt from the executive branch review process.
Action:
Revision to Maximum Criterion for Unmatched Funds & Capital Outlay Requirement for Eligible Projects
 
General Information
Action Summary This regulatory action deals with the requirements established by the Commonwealth Transportation Board (CTB) in administering funding under the Economic Development Access Program, which is established in ยง 33.1-221 of the Code of Virginia. It was established by the General Assembly so that counties, cities and towns could assist new or expanding industries in obtaining access to their sites, without expending substantial portions of the localities' traditional highway funds. Changes were made to increase the maximum unmatched allocation from $300,000 to $500,000 to accomodate increased project costs. The eligibility requirements for unmatched funds were also increased to facilitate the ability of localities to use Economic Development Access Funds. Other non-substantive changes were made for consistency and clarity.
Chapters Affected Only affects this chapter.
Exempt from APA Yes, this chapter is exempt from Article II of the APA and executive branch review. The normal executive branch review process is not required.
RIS Project Yes  [002108]
New Periodic Review This action will not be used to conduct a new periodic review.
 
Stages
Stages associated with this regulatory action.
Stage ID Stage Type Status
5296 Final Stage complete. This regulation became effective on 09/15/2009.
 
Contact Information
Name / Title: William Dandridge  / Transportation Engineer Senior
Address: Local Assistance Division, 4th Fl. Annex
Va. Dept. of Transportation, 1401 E. Broad St.,
Richmond, VA 23219
Email Address: William.Dandridge@VDOT.Virginia.gov
Phone: (804)786-2743    FAX: (804)786-2603    TDD: ()-