VA HB147

Increases the maximum bond issuance authority for the U.S. Route 58 Corridor Development Program from $1.3 billion to $1.632 billion, a $332 million increase

The additional $332 million in bonds authorized by the 2026 General Assembly is not allocated to specific project sections but rather to finance further completion of the overall corridor project

Funds the construction of a highway system along Virginia's southern boundary, covering environmental studies, engineering, rights-of-way acquisition, and construction improvements

Maintains existing priority designations for certain project sections including Crooked Oak, Vesta, Lover's Leap, and Corridor Q (Route 121/460 Poplar Creek Phase B), with Lover's Leap retaining top construction priority

Bonds are issued by the Commonwealth Transportation Board and sold through the Treasury Board, which approves bond terms and structure