{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-1511.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-1511.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-1511.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-1511.html"}],"law_id":80941,"edition_id":1,"section_id":80941,"structure_id":16379,"section_number":"33.2-1511","catch_line":"Definitions","history":"2011, cc. 830, 868, \u00a7 33.1-23.14; 2014, c. 805.","full_text":"As used in this article, unless the context requires a different meaning:\n\t\t“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.\n\t\t“GARVEE,” a grant anticipation revenue vehicle, means an “eligible debt financing instrument” as defined under 23 U.S.C. \u00a7 122, the principal of and interest on which and certain other costs associated therewith may be reimbursed by federal highway reimbursements.\n\t\t“Notes” means those notes authorized and issued pursuant to \u00a7 33.2-1512.\n\t\t“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.\n\t\t“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.","order_by":null,"text":{"0":{"id":290133,"text":"As used in this article, unless the context requires a different meaning:\n\t\t“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.\n\t\t“GARVEE,” a grant anticipation revenue vehicle, means an “eligible debt financing instrument” as defined under 23 U.S.C. \u00a7 122, the principal of and interest on which and certain other costs associated therewith may be reimbursed by federal highway reimbursements.\n\t\t“Notes” means those notes authorized and issued pursuant to \u00a7 33.2-1512.\n\t\t“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.\n\t\t“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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16379,"edition_id":1,"name":"Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes Act of 2011","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13147,"metadata":{},"date_created":"2026-06-26 04:15:50","date_modified":"2026-06-26 04:15:50","permalink":{"id":206541,"object_type":"structure","relational_id":16379,"identifier":"4","token":"33.2\/III\/15\/4","url":"\/33.2\/III\/15\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13147,"edition_id":1,"name":"Transportation Funding","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":13146,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":206485,"object_type":"structure","relational_id":13147,"identifier":"15","token":"33.2\/III\/15","url":"\/33.2\/III\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13146,"edition_id":1,"name":"Transportation Funding and Development","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12806,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":206483,"object_type":"structure","relational_id":13146,"identifier":"III","token":"33.2\/III","url":"\/33.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12806,"edition_id":1,"name":"Highways and Other Surface Transportation Systems","identifier":"33.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":204785,"object_type":"structure","relational_id":12806,"identifier":"33.2","token":"33.2","url":"\/33.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":80941,"structure_id":16379,"section_number":"33.2-1511","catch_line":"Definitions","url":"\/33.2-1511\/","token":"33.2\/III\/15\/4\/33.2-1511","metadata":false},{"id":79388,"structure_id":16379,"section_number":"33.2-1512","catch_line":"Authorization of Notes","url":"\/33.2-1512\/","token":"33.2\/III\/15\/4\/33.2-1512","metadata":false},{"id":87385,"structure_id":16379,"section_number":"33.2-1513","catch_line":"Use of proceeds of Notes","url":"\/33.2-1513\/","token":"33.2\/III\/15\/4\/33.2-1513","metadata":false},{"id":82093,"structure_id":16379,"section_number":"33.2-1514","catch_line":"Details of Notes","url":"\/33.2-1514\/","token":"33.2\/III\/15\/4\/33.2-1514","metadata":false},{"id":67585,"structure_id":16379,"section_number":"33.2-1515","catch_line":"Form and manner of execution; signature of person ceasing to be officer","url":"\/33.2-1515\/","token":"33.2\/III\/15\/4\/33.2-1515","metadata":false},{"id":72010,"structure_id":16379,"section_number":"33.2-1516","catch_line":"Authority to obtain GARVEE approval","url":"\/33.2-1516\/","token":"33.2\/III\/15\/4\/33.2-1516","metadata":false},{"id":84338,"structure_id":16379,"section_number":"33.2-1517","catch_line":"Expenses","url":"\/33.2-1517\/","token":"33.2\/III\/15\/4\/33.2-1517","metadata":false},{"id":78007,"structure_id":16379,"section_number":"33.2-1518","catch_line":"Deposit of proceeds","url":"\/33.2-1518\/","token":"33.2\/III\/15\/4\/33.2-1518","metadata":false},{"id":81558,"structure_id":16379,"section_number":"33.2-1519","catch_line":"Other funds","url":"\/33.2-1519\/","token":"33.2\/III\/15\/4\/33.2-1519","metadata":false},{"id":77654,"structure_id":16379,"section_number":"33.2-1520","catch_line":"Application of project-specific reimbursements","url":"\/33.2-1520\/","token":"33.2\/III\/15\/4\/33.2-1520","metadata":false},{"id":70331,"structure_id":16379,"section_number":"33.2-1521","catch_line":"Investment of proceeds and other amounts","url":"\/33.2-1521\/","token":"33.2\/III\/15\/4\/33.2-1521","metadata":false},{"id":81159,"structure_id":16379,"section_number":"33.2-1522","catch_line":"Exemption from taxation","url":"\/33.2-1522\/","token":"33.2\/III\/15\/4\/33.2-1522","metadata":false},{"id":86711,"structure_id":16379,"section_number":"33.2-1523","catch_line":"Notes as eligible securities","url":"\/33.2-1523\/","token":"33.2\/III\/15\/4\/33.2-1523","metadata":false}],"next_section":{"id":79388,"structure_id":16379,"section_number":"33.2-1512","catch_line":"Authorization of Notes","url":"\/33.2-1512\/","token":"33.2\/III\/15\/4\/33.2-1512","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-1511\/","history_text":"

This law was first created in 2011. The record of its establishment is cataloged in chapters 830<\/a> and 868<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d 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 \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2014, chapter 805<\/a>.<\/p>","references":[{"id":82704,"section_number":"33.2-1709","catch_line":"Credit of Commonwealth not pledged","order_by":null,"url":"\/33.2-1709\/"}],"refers_to":[{"id":79388,"section_number":"33.2-1512","catch_line":"Authorization of Notes","order_by":null,"url":"\/33.2-1512\/"}],"permalink":{"id":206543,"object_type":"law","relational_id":80941,"identifier":"33.2-1511","token":"33.2\/III\/15\/4\/33.2-1511","url":"\/33.2-1511\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-1511\/","token":"33.2\/III\/15\/4\/33.2-1511","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-1511","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this article, unless the context requires a different meaning:\n\t\t“Federal highway reimbursements<\/span>” means all federal-aid highway construction<\/span> 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<\/span> from the Federal Highway Administration and any successor or additional federal agencies.\n\t\t“GARVEE,” a grant anticipation revenue vehicle, means an “eligible debt financing instrument<\/span>” as defined under 23 U.S.C. \u00a7 122, the principal of and interest on which and certain other costs associated therewith may be reimbursed by federal highway reimbursements<\/span>.\n\t\t“Notes<\/span>” means those notes<\/span> authorized and issued pursuant to \u00a7 33.2-1512<\/a>.\n\t\t“Project-specific reimbursements<\/span>” means the federal highway reimbursements<\/span> received by the Commonwealth only with respect to the project or projects to be financed by the Notes<\/span> or any series<\/span> thereof.\n\t\t“Series<\/span>” means any grouping of Notes<\/span> issued as designated as such by the Board<\/span> as necessary or desirable for administrative convenience, satisfaction of federal tax or securities law<\/span> requirements, or any similar purpose.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 33.2-1511)\n\nAs used in this article, unless the context requires a different meaning:\n\t\t“Federal highway reimbursements” means all federal-aid highway\nconstruction reimbursements and any other federal highway assistance received\nfrom time to time by the Commonwealth under or in accordance with Title 23 of\nthe United States Code or any successor program established under federal law\nfrom the Federal Highway Administration and any successor or additional federal\nagencies.\n\t\t“GARVEE,” a grant anticipation revenue vehicle, means an\n“eligible debt financing instrument” as defined under 23 U.S.C. \u00a7\n122, the principal of and interest on which and certain other costs associated\ntherewith may be reimbursed by federal highway reimbursements.\n\t\t“Notes” means those notes authorized and issued pursuant to \u00a7\n33.2-1512.\n\t\t“Project-specific reimbursements” means the federal highway\nreimbursements received by the Commonwealth only with respect to the project or\nprojects to be financed by the Notes or any series thereof.\n\t\t“Series” means any grouping of Notes issued as designated as such\nby the Board as necessary or desirable for administrative convenience,\nsatisfaction of federal tax or securities law requirements, or any similar\npurpose.\n\nHISTORY: 2011, cc. 830, 868, \u00a7 33.1-23.14; 2014, c. 805.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}