§ 33.2-2300 U.S. Route 58 Corridor Development Fund
There is hereby created in the Department of the Treasury a special nonreverting fund that shall be a part of the Transportation Trust Fund and that shall be known as the U.S. Route 58 Corridor Development Fund, referred to in this chapter as “the Fund,” consisting of the $40 million of annual collections from the Commonwealth Transportation Fund pursuant to § 33.2-1524. The Fund shall also include such other funds as may be appropriated by the General Assembly and designated for the Fund and all interest, dividends, and appreciation that may accrue thereto. Any moneys remaining in the Fund at the end of a biennium shall not revert to the general fund, but shall remain in the Fund. Allocations from the Fund may be paid to any authority, locality, or commission for the purposes specified in § 33.2-2301.
History
This law was first created in 1989. The record of its establishment is cataloged in chapter 286 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. Unfortunately, the 1989 “Acts” aren’t available online. It has been modified 3 times. 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. Those modifications are as follows: in 2014, chapter 805; in 2015, chapter 256; in 2020, chapters 1230 and 1275.
1989, c. 286, § 58.1-815; 2014, c. 805; 2015, c. 256; 2020, cc. 1230, 1275.