VA HB1127

Increases the maximum duration of toll rate increases that the State Corporation Commission can approve from one year to two years per application

Establishes specific timelines for Commission decisions: final orders must be entered within 9 months for one-year toll increase applications or 12 months for two-year toll increase applications

Amends § 56-542 of the Code of Virginia governing the State Corporation Commission's powers over toll road operators

Maintains existing requirements that toll rates must be reasonable to users, not materially discourage roadway use, and provide operators no more than a reasonable return