SJR 397/HJR 610
Joint Subcommittee Studying Creation of a Northern Virginia Transportation Authority
October 24, 2001, Fairfax County
The members then examined and discussed a second piece of draft legislation. This draft, which Delegate Rust explained was presented more "for illustrative purposes" than as a specific, concrete proposal, showed how the General Assembly, in legislative actions separate from those taken on the previously discussed "structure bill," might fund the Northern Virginia Transportation Authority through issuance of bonds supported by revenues derived from a regional sales tax imposed by the legislature, subject to a regional referendum. Since the draft of the "funding bill" had been presented for the purpose of illustration and discussion only, and not as a proposal to be recommended to the legislature and the Governor by the joint subcommittee, further discussion of this measure will not be on the panel's agenda at its next meeting.