Transit Capital Project Revenue Advisory Board
Meetings and Agendas 2016 - 2017 (the existing page will be moved and updated to reflect the changes)
During the 2016 General Assembly Session, the Transit Capital Project Revenue Advisory Board was established by HB 1359 within DRPT to examine the effects of the loss of state transit capital funds, identify additional sources of revenue, and develop proposals for prioritization of transit capital funds. The committee consists of representatives from the Virginia Transit Association (VTA), Community Transportation Association of Virginia (CTAV), Virginia Municipal League (VML), Virginia Association of Counties (VACO), and DRPT.
The Transit Capital Project Revenue Advisory Board shall:
- Examine the impacts of the loss of state transit capital funds;
- Identify additional sources of revenue to recover the capital losses;
- Develop a proposal for a statewide prioritization process for the use of additional sources of revenues identified by the Advisory Board pursuant to subdivision 2, the allocation of proceeds of Commonwealth of Virginia Transportation Capital Projects Revenue Bonds, and funds allocated to the Commonwealth Mass Transit Fund established pursuant to the disposition of state sales and use tax revenue. Such prioritization process shall be used for the development of a Six-Year Improvement Program for transit capital expenditures to be included in the Program adopted annually by the Commonwealth Transportation Board. Transit capital used for new transit projects or expansion of existing transit projects shall be evaluated using a prioritization process based on an objective and quantifiable analysis that considers, at a minimum, the following factors relative to the cost of the project or strategy: congestion mitigation, economic development, accessibility, safety, environmental quality, and land use;
- Develop a proposal to foster project-specific prioritization within the asset tiers of the tiered approach established by the Commonwealth Transportation Board for capital purposes based on asset need and anticipated state participation level and revenues, for which funding for the transit state of good repair program shall be allocated and distributed.
HB 1359 authorized the Secretary of Transportation to appoint seven members to the Advisory Board. The newly-formed Transit Capital Project Revenue Advisory Board consists of two members nominated by the Virginia Transit Association, one member nominated by the Community Transportation Association of Virginia, one member nominated by the Virginia Municipal League, one member nominated by the Virginia Association of Counties, and two members nominated by the Director of the Department of Rail and Public Transportation. The Advisory Board is tasked with examining the impacts of the revenue reduction caused by the expiration of the 2007 Capital Project Revenue bonds that will leave transit systems in the Commonwealth without necessary funding for capital improvements. It is also responsible for identifying possible sources of replacement revenue, and developing methodologies for further prioritization of transit capital funds. The Advisory Board will be relying on the existing members of the Transit Service Delivery Advisory Committee (TSDAC) to act as a technical advisory committee. The Department of Rail and Public Transportation provides administrative support to the Board. The Advisory Board will submit to the Governor and the General Assembly an interim report containing an executive summary of its activity and work no later than January 1, 2017, and a final report containing an executive summary of the activity and recommendations of the Advisory Board no later than August 1, 2017. The reports will be submitted for publication and will be posted on the General Assembly's website.
The Advisory Board’s term is effective July 1, 2016, and is statutorily limited to meet no more than four times each year. The meetings will be open to the public; live streaming will be made available, and presentation information will be accessible under the meetings and agendas section at the bottom of this page.
The Transit Capital Project Revenue Advisory Board’s charge expires on July 1, 2018.