Toll rate; increases State Corporation Commission duration and timeline for review.

State Corporation Commission; duration and timeline for review of toll rate increases. Increases from one year to two years the maximum length of time the State Corporation Commission is authorized to approve toll rate increases under the Virginia Highway Corporation Act of 1988. The bill also requires the Commission to issue a final order regarding any application for approval of one year or two years of such toll rate increases to be entered within nine months or 12 months, respectively, after the date of the filing of such application.