RESOLUTION
OF THE
COMMONWEALTH TRANSPORTATION BOARD
March 18, 2015
MOTION
Title: FY15-20 Six-Year Improvement Program Transfers
For January 24, 2015 through February 20, 2015
WHEREAS, § 33.2-214(B) of the Code of Virginia requires the
Commonwealth Transportation Board (Board) to adopt by July 1 of each year a
Six-Year Improvement Program (SYIP) of anticipated projects and programs. On November 12, 2014, a resolution was approved
to allocate funds for the Fiscal Years 2015 through 2020 SYIP; and
WHEREAS, the Board resolved that the
Commissioner of Highways should bring requests for transfers of allocations
exceeding ten percent of the funds allocated to the donor project to the Board
on a monthly basis for their approval prior to taking any action to record or
award such action; and
WHEREAS, the Board is being
presented a list of the projects and transfers exceeding ten percent attached
to this resolution and agrees that the transfers are appropriate.
NOW, THEREFORE, BE IT RESOLVED, by the Commonwealth
Transportation Board, that the attached list of transfer requests
exceeding ten percent of the funds allocated to the donor project is approved
and the specified funds shall be transferred to the project(s) as set forth in
the attached list to meet the Board’s statutory requirements and policy goals.
BE IT FURTHER RESOLVED, by the Commonwealth
Transportation Board, that notwithstanding the resolution adopted by the
Commonwealth Transportation Board on November 12, 2014 approving a Revised
Six-Year Improvement Program and Rail and Public Transportation Allocations For
Fiscal Years 2015 – 2020 and authorizing the Commissioner to make such
transfers, the Commissioner of Highways, or his designee, is hereby granted the
authority to transfer up to ten percent of funds allocated to a project to
another eligible project(s) to meet the Board’s statutory requirements and
policy goals.