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CVTA finance group outlines spring 2026 as earliest bond issuance; asks each locality for one priority project
Summary
During a meeting of the Central Virginia Transportation Authority technical advisory committee, staff and the finance directors' work group outlined a plan that would allow the authority to issue bonds as early as spring 2026 and asked each locality to submit one high-priority project for consideration.
During a meeting of the Central Virginia Transportation Authority technical advisory committee, staff and the finance directors' work group outlined a plan that would allow the authority to issue bonds as early as spring 2026 and asked each locality to submit one high-priority project for consideration.
The request matters because bond proceeds could be layered with CVTA regional funding decisions now moving through round 4; staff said market expectations and advice from bond counsel point to a 24-month spend window after issuance and a maximum regional leverage of about $300,000,000.
Chet (staff member) said the finance…
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