Loading chat...
VA HB1448
Bill
Status
Engrossed
2/10/2026
Primary Sponsor
Kimberly Pope Adams
Click for details
AI Summary
- Authorizes the City of Petersburg to establish a Parking Authority as a public body to construct, operate, and maintain off-street parking facilities within city limits
- Authority would consist of five members appointed by the city governing body for staggered terms of one to five years, with the city manager serving as an ex officio non-voting member
- Grants the Authority power to issue revenue bonds (maturing up to 40 years) to finance parking facility construction, with bonds payable solely from parking revenues rather than city or state funds
- Authority may acquire property through purchase, gift, or eminent domain (with city council approval) and set parking rates, fees, and charges without state regulatory oversight
- Exempts the Authority and its parking facilities from all state and local taxes, and exempts bond income and transfers from Virginia taxation
Legislative Description
Petersburg Parking Authority; created.
Last Action
Passed Senate (39-Y 1-N 0-A)
3/11/2026
Committee Referrals
Finance and Appropriations2/26/2026
Transportation2/12/2026
Transportation: Transportation Infrastructure and Funding1/29/2026
Transportation1/23/2026
Full Bill Text
No bill text available