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Virginia · 2025 Regular Session · Bill

SB 1250: Transportation Trust Fund; extends limitation on personal liability for loss in investments.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 1250 is a bill introduced in the Virginia Senate on January 8, 2025. According to its official title, it concerns: Transportation Trust Fund; extends limitation on personal liability for loss in investments. Primary sponsor: Lamont Bagby (Democratic). Most recent recorded action (March 24, 2025): Acts of Assembly Chapter text (CHAP0471).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Transportation Trust Fund; investments; personal liability. Extends the limitation on personal liability for loss in investments from moneys in the Transportation Trust Fund to an individual's actions taken while serving on or employed by certain entities, even if such individual no longer serves on or is employed by any such entity. The bill also applies such limitation on personal liability for loss in investments to members and employees of the Central Virginia Transportation Authority. This bill is identical to HB 2234.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Lamont BagbyPrimary sponsorDemocraticSenate14

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Acts of Assembly Chapter text (CHAP0471)
  2. Approved by Governor-Chapter 471 (Effective 07/01/25)
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025
  4. Enrolled Bill Communicated to Governor on February 20, 2025
  5. Signed by President
  6. Signed by Speaker
  7. Fiscal Impact Statement from Department of Planning and Budget (SB1250)
  8. Bill text as passed Senate and House (SB1250ER)
  9. Enrolled
  10. Passed House (94-Y 0-N)
  11. Read third time
  12. Read second time

Showing 12 most recent of 25 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source