Action:
Revision to Maximum Criterion for Unmatched Funds & Capital Outlay Requirement for Eligible Projects
Action 3143
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.
|
| Executive Branch Review |
This Action is exempt from Article 2 of the Administrative Process Act.
The normal executive branch review process is not required. As such, it can be submitted directly for publication and
is effective upon publication.
Exempt Citation:
Section 2.2-4003 B (3) and (4)
|
| 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:
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William.Dandridge@VDOT.Virginia.gov
|
|
Phone:
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(804)786-2743
FAX: (804)786-2603
TDD: ()-
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