§ 33.2-1511 Definitions
As used in this article, unless the context requires a different meaning: “Federal highway reimbursements” means all federal-aid highway construction reimbursements and any other federal highway assistance received from time to time by the Commonwealth under or in accordance with Title 23 of the United States Code or any successor program established under federal law from the Federal Highway Administration and any successor or additional federal agencies. “GARVEE,” a grant anticipation revenue vehicle, means an “eligible debt financing instrument” as defined under 23 U.S.C. § 122, the principal of and interest on which and certain other costs associated therewith may be reimbursed by federal highway reimbursements. “Notes” means those notes authorized and issued pursuant to § 33.2-1512. “Project-specific reimbursements” means the federal highway reimbursements received by the Commonwealth only with respect to the project or projects to be financed by the Notes or any series thereof. “Series” means any grouping of Notes issued as designated as such by the Board as necessary or desirable for administrative convenience, satisfaction of federal tax or securities law requirements, or any similar purpose.
History
This law was first created in 2011. The record of its establishment is cataloged in chapters 830 and 868 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2014, chapter 805.
2011, cc. 830, 868, § 33.1-23.14; 2014, c. 805.