Shift From Financing To Regulatory Role, Creation of SCC
After the American Civil War, the Board's role shifted from financing to a regulatory role, as the rebuilding and expansion of the railroads were financed largely by Northern interests. The canals and turnpikes under the Board's authority declined as shipping shifted to the newer technology. The Board of Public Works was replaced by the Virginia General Assembly with a new agency, the Virginia State Corporation Commission in 1903.
See also: State Corporation Commission (Virginia)Read more about this topic: Virginia Board Of Public Works
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