Enabling Legislation
The Virginia General Assembly, as part of its 2007 session, approved House Bill 3202, which authorized the creation of the Hampton Roads Transportation Authority (HRTA). A component of the legislation requires at least 7 of the 12 governing bodies, which must include at least 51 percent of the population to pass a resolution not later than December 31, 2007 approving the powers granted to the Authority. The state legislation also established the following conditions for HRTA including:
- Grants the Authority the powers necessary to fulfill its purpose
- Sets the conditions necessary for the imposition and assessment of taxes and fees by the authority
- Identifies members
- Provides means for the Authority to impose, assess and collect taxes, fees and tolls
- Prioritize projects and funding to be undertaken by the Authority
- Enables localities to impose certain additional real estate taxes on commercial and industrial properties.
Read more about this topic: Hampton Roads Transportation Authority
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