CODE OF VIRGINIA

FINANCIAL PLANS FOR TRANSPORTATION CONSTRUCTION PROJECTS (§ 33.2-368)

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.

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