B. The Authority shall prepare and submit a detailed annual operating plan and budget to the Transportation Board by February 1 of each fiscal year. C. The Director of the Department shall serve as chairman of the Board. The Virginia Railway Express (VRE), a joint project of the Northern Virginia Transportation Commission and the Potomac and Rappahannock Transportation Commission will provide safe, cost effective, accessible, reliable, convenient, and comfortable commuter-oriented rail passenger service. The exemption hereby granted shall not be construed to extend to persons conducting on the premises of any rail facility businesses for which local or state taxes would otherwise be required. Appoint advisory committees as may be necessary for the performance of its duties, the furtherance of its purposes, and the execution of its powers under this article; 12. Check out our Rider's Guide to assist you in planning your first trip on VRE. It is lawful for any national bank with its main office in the Commonwealth or any other state or any bank or trust company incorporated under the laws of the Commonwealth or another state that may act as depository of the proceeds of bonds or of revenues to furnish such indemnifying bonds or to pledge such securities as may be required by the Authority. ); and. The Virginia Passenger Rail Authority (VPRA) met this week to discuss its new responsibilities of promoting and expanding passenger rail service in the Commonwealth, according to reports. All expenses incurred in carrying out the provisions of such trust indenture or agreement or resolution or other agreements relating to any rail facilities, including those to which the Authority may not be a party, may be treated as a part of the cost of the operation of the rail facilities. However, such rules adopted for the procurement of professional services with a cost expected to exceed $80,000 shall be consistent with the provisions of §§ 2.2-4302.2, 2.2-4303.1 and 2.2-4303.2. See our, Read a limited number of articles each month, You consent to the use of cookies and tracking by us and third parties to provide you with personalized ads, Unlimited access to washingtonpost.com on any device, Unlimited access to all Washington Post apps, No on-site advertising or third-party ad tracking. Copyright © 2020 / Virginia Railway Express. We encourage all employers in the region – private, public and non-profit – to answer a brief 10-minute survey about each organization's reopening plans. C. The bonds of each issue shall be dated such date as may be determined by the Authority; shall bear interest at such rate or rates as shall be fixed by the Authority, or as may be determined in such manner as the Authority may provide, including the determination by agents designated by the Authority under guidelines established by the Authority; shall mature at such time or times not exceeding 40 years from their date or dates, as may be determined by the Authority; and may be made redeemable before maturity, at the option of the Authority, at such price or prices and under such terms and conditions as may be fixed by the Authority prior to the issuance of the bonds. Virginia Passenger Rail Authority The Honorable Sharon Bulova of Fairfax County, Former Chairman, Fairfax County Board of Supervisors Deborah H. Butler of Norfolk, Retired Executive, Norfolk Southern Corporation The Board shall determine the times and places of its regular meetings. Lifecycle Overhaul and Upgrade (LOU) Facility Upgrade, Civil Rights - Title VI- Major Service & Fare/Service Equity Policy. In case any officer whose signature or a facsimile of whose signature shall appear on any bonds or coupons shall cease to be such officer before the delivery of such bonds, such signature or facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery, and any bonds may bear the facsimile signature of, or may be signed by, such persons as at the actual time of the execution of such bonds shall be the proper officers to sign such bonds although at the date of such bonds such persons may not have been such officers. Any such request for a special meeting shall be in writing, and the request shall specify the time and place of the meeting and the matters to be considered at the meeting. No proceedings, notice, or approval shall be required for the issuance of any bonds, notes, and other obligations or any instrument as security therefor, except as is provided in this article. Any such application, agreement, and/or endorsement shall not financially obligate the Commonwealth or be construed to implicate the credit of the Commonwealth as security for any such federal credit assistance. VRE participates in the annual Clifton Day Festival. Visit the Fares & Tickets page for more information. Declaration of public purpose; Virginia Passenger Rail Authority. As such, we entered into the COVID-19 pandemic with two primary objectives: 1.) ); 4. B. The Capital Region needs your organization’s participation to safely and sustainably reopen. Northam and Maryland Gov. "Bonds" means the revenue notes, bonds, certificates, and other evidences of indebtedness or obligations of the Authority. The issuance of such bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the Authority in respect of the same shall be governed by the provisions of this article insofar as the same may be applicable. Northam was a eager proponet. Virginia to boost passenger rail service to DC By ALAN SUDERMAN December 19, 2019 GMT RICHMOND, Va. (AP) — Virginia is planning a $3.7 billion effort to boost passenger rail service between the state and Washington, D.C. as part of an effort to lessen congestion in one of the country’s worst areas for traffic. E. The bonds may be issued in coupon or in registered form, or both, as the Authority may determine, and provision may be made for the registration of any coupon bonds as to principal alone and also as to both principal and interest, for the reconversion into coupon bonds of any bonds registered as to both principal and interest, and for the interchange of registered and coupon bonds. of Title 51.1, except as otherwise provided in this section. Northam said the plans announced Thursday would help provide nearly hourly Amtrak service between Richmond and Washington. Three members shall reside within the boundaries of the Potomac-Rappahannock Transportation District established pursuant to the Transportation District Act of 1964 (§ 33.2-1900 et seq.). C. The Authority shall submit an annual report to the Governor and the General Assembly on or before November 1 of each year. A. It establishes the Virginia Passenger Rail Authority to promote and expand passenger and commuter rail service across the Commonwealth. 20. The festival is an event where you can enjoy fine arts, crafts, and antiques in the historic town of Clifton. The Executive Director's compensation from the Commonwealth shall be fixed by the Board in accordance with law. CSX owns the more-than-a-century-old bridge all trains use to cross the river, which only has two tracks and is at 98% capacity in peak times, officials said. E. The Board shall meet at least once quarterly. 2. A reasonable effort shall be made to provide each member with notice of any special meeting. We rely on readers like you to uphold a free press. Such expenses shall be paid out of the treasury of the Authority upon vouchers signed by the chairman of the Board or by such other person or persons as may be designated by the Board for this purpose. Three members shall reside within the boundaries of the Northern Virginia Transportation District established pursuant to § 33.2-1904. Such proceedings shall be in accordance with and subject to the provisions of any and all laws of the Commonwealth applicable to the exercise of the power of eminent domain and subject to the provisions of Chapter 2 (§ 25.1-200 et seq.) F. For purposes of this section, the terms "appraised price" and "appraisal" mean the value determined by two competent real estate appraisers appointed by the Authority for such purposes. Two members shall reside within the boundaries of the Richmond Metropolitan Transportation Authority established pursuant to Chapter 29 (§ 33.2-2900 et seq. C. The purpose of the Authority shall be to promote, sustain, and expand the availability of passenger and commuter rail service in the Commonwealth and to increase ridership of such service by connecting population centers with passenger and commuter rail service and increasing availability of such service. The Manassas Heritage Railway Festival, which occurs the first weekend in June, is a celebration of the rich railway history that Manassas has to offer. Connect with the definitive source for global and local news. Any such trust indenture or agreement or resolution may set forth the rights of action by bondholders. Due to the COVID-19 pandemic, VRE will operate at a reduced service level until further notice. A. No direct tax or toll increases will be required for the expansion, the governor’s office said. A. No member of a governing body of a locality shall be eligible, during the term of office for which he was elected or appointed, to serve as an appointed member of the Board. Northam said the work is expected to take a decade to complete and is scheduled to start next year. Notwithstanding the provisions of the Virginia Freedom of Information Act (§ 2.2-3700 et seq. D. The Board, the General Assembly, or the Governor may at any time request that the Office of the State Inspector General, created pursuant to § 2.2-308, review any area of the Authority's finances or operations. Lease or sell and convey the airspace superadjacent or subadjacent to any rail facility owned by the Authority; 17. By clicking “I agree” below, you consent to the use by us and our third-party partners of cookies and data gathered from your use of our platforms. Please enable cookies on your web browser in order to continue. Notwithstanding the provisions of the Virginia Freedom of Information Act, the Authority shall keep confidential information submitted by a private person, entity, or other party in negotiations with the Authority, where if such information was made public prior to the execution of a business arrangement, the financial interests of bargaining positions of the public or private entity would be adversely affected. Since Virginia governors are term-limited to one four year term, the VRPA will have to bri The governor’s office said the expansion will be funded with money from Amtrak and other federal grants, existing state transportation funding, and other sources. All rights reserved. The new European data protection law requires us to inform you of the following before you use our website: We use cookies and other technologies to customize your experience, perform analytics and deliver personalized advertising on our sites, apps and newsletters and across the Internet based on your interests. Two members shall reside within the boundaries of Planning District 5, 9, 10, or 11. of Title 25.1. Employees of the Authority shall be eligible for membership in the Virginia Retirement System or other retirement plans authorized by Article 4 (§ 51.1-125 et seq.) Such trust indenture or agreement or the resolution providing for the issuance of such bonds may pledge or assign the revenues to be received and provide for the mortgage of any rail facilities or property or any part thereof. Pledge or otherwise encumber all or any of the revenues or receipts of the Authority as security for all or any of the obligations of the Authority; 18. Keep service running; 2.)

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