Greenway legislation passes General Assembly
On Feb. 16, Senate Bill 1259, introduced by Senator John Bell passed in the House of Delegates. Senate Bill 1259 has now passed in both chambers of the General Assembly, and will be heading to Governor Northam’s desk to be signed into law.
This is contingent upon Delegate Subramanyam’s identical bill H.B.1832 passing through the Senate unamended.
“This is a big win for Loudoun County and northern Virginia commuters. Passing this legislation would not have been possible without the support of the Loudoun Delegation and the Loudoun County Board of Supervisors,” said Senator John Bell.
Bell continued, “We have been working on this issue for a long time, and I’m proud that we were able to come together and achieve bipartisan support on this important issue facing our region. I look forward to this bill becoming law so we can finally curb the rise in Greenway tolls and ease the burden on Northern Virginia families.”
The legislation emphasizes that any proposed toll rate increases must be reasonable, not materially discourage use of the roadway, and provide the operator no more than a reasonable return. Any toll rates that fail to satisfy these criteria are against the public interest and may not be approved by the State Corporation Commission.
The bill prevents the Greenway owners from using the toll road as a financial instrument by requiring approval from the SCC on any refinancing of debt obligations. This bill was supported by the Loudoun County Board of Supervisors and the Loudoun Delegation, and will now head to Governor Northam’s desk to be signed into law.