{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-1528.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-1528.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-1528.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-1528.html"}],"law_id":63983,"edition_id":1,"section_id":63983,"structure_id":13148,"section_number":"33.2-1528","catch_line":"Concession Payments Account","history":"2006, c. 922, \u00a7 33.1-23.03:9; 2014, c. 805; 2015, c. 709; 2020, cc. 1230, 1275.","full_text":"A\n\nConcession payments to the Commonwealth deposited into the Transportation Trust Fund pursuant to subdivision B 2 of § 33.2-1524 from qualifying transportation facilities developed and\/or operated pursuant to the Public-Private Transportation Act of 1995 (§ 33.2-1800 et seq.) shall be held in a separate subaccount to be designated the Concession Payments Account, (the Account) together with all interest, dividends, and appreciation that accrue to the Account and that are not otherwise specifically directed by law or reserved by the Board for other purposes allowed by law.B\n\nThe Board may make allocations from the Account upon such terms and subject to such conditions as the Board deems appropriate to:1\n\nPay or finance all or part of the costs of programs or projects, including the costs of planning, operation, maintenance, and improvements incurred in connection with the acquisition and construction of projects, provided that allocations from the Account shall be limited to programs and projects that are reasonably related to or benefit the users of the qualifying transportation facility that was the subject of a concession pursuant to the Public-Private Transportation Act of 1995 (§ 33.2-1800 et seq.). The priorities of metropolitan planning organizations, planning district commissions, local governments, and transportation corridors shall be considered by the Board in making project allocations from moneys in the Account.2\n\nRepay funds from the Toll Facilities Revolving Account or the Transportation Partnership Opportunity Fund.3\n\nPay the Board’s reasonable costs and expenses incurred in the administration and management of the Account.C\n\nConcession payments to the Commonwealth for a qualifying transportation facility located within the boundaries of a rapid rail project for which a federal Record of Decision has been issued shall be held in a subaccount separate from the Concession Payments Account together with all interest, dividends, and appreciation that accrue to the subaccount. The Board may make allocations from the subaccount as the Board deems appropriate to:1\n\nPay or finance all or part of the costs of planning, design, land acquisition, and improvements incurred in connection with the construction of such rapid rail project consistent with the issued federal Record of Decision, as may be revised; and2\n\nUpon determination by the Board that sufficient funds are or will be available to meet the schedule for construction of such rapid rail project, pay or finance all or part of the costs of planning, design, land acquisition, and improvements incurred in connection with other highway and public transportation projects within the corridor of the rapid rail project or within the boundaries of the qualifying transportation facility. In the case of highway projects, the Board shall follow an approval process generally in accordance with subsection B of § 33.2-208.D\n\nThe provisions of this section shall be liberally construed to the end that its beneficial purposes may be effectuated. Insofar as this provision is inconsistent with the provisions of any other general, special, or local law, this provision shall be controlling.","order_by":null,"text":{"0":{"id":232978,"text":"Concession payments to the Commonwealth deposited into the Transportation Trust Fund pursuant to subdivision B 2 of § 33.2-1524 from qualifying transportation facilities developed and\/or operated pursuant to the Public-Private Transportation Act of 1995 (§ 33.2-1800 et seq.) shall be held in a separate subaccount to be designated the Concession Payments Account, (the Account) together with all interest, dividends, and appreciation that accrue to the Account and that are not otherwise specifically directed by law or reserved by the Board for other purposes allowed by law.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":232979,"text":"The Board may make allocations from the Account upon such terms and subject to such conditions as the Board deems appropriate to:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":232980,"text":"Pay or finance all or part of the costs of programs or projects, including the costs of planning, operation, maintenance, and improvements incurred in connection with the acquisition and construction of projects, provided that allocations from the Account shall be limited to programs and projects that are reasonably related to or benefit the users of the qualifying transportation facility that was the subject of a concession pursuant to the Public-Private Transportation Act of 1995 (§ 33.2-1800 et seq.). The priorities of metropolitan planning organizations, planning district commissions, local governments, and transportation corridors shall be considered by the Board in making project allocations from moneys in the Account.","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":232981,"text":"Repay funds from the Toll Facilities Revolving Account or the Transportation Partnership Opportunity Fund.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":232982,"text":"Pay the Board’s reasonable costs and expenses incurred in the administration and management of the Account.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"C"},"5":{"id":232983,"text":"Concession payments to the Commonwealth for a qualifying transportation facility located within the boundaries of a rapid rail project for which a federal Record of Decision has been issued shall be held in a subaccount separate from the Concession Payments Account together with all interest, dividends, and appreciation that accrue to the subaccount. The Board may make allocations from the subaccount as the Board deems appropriate to:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B3","next_prefix":"C1"},"6":{"id":232984,"text":"Pay or finance all or part of the costs of planning, design, land acquisition, and improvements incurred in connection with the construction of such rapid rail project consistent with the issued federal Record of Decision, as may be revised; and","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"7":{"id":232985,"text":"Upon determination by the Board that sufficient funds are or will be available to meet the schedule for construction of such rapid rail project, pay or finance all or part of the costs of planning, design, land acquisition, and improvements incurred in connection with other highway and public transportation projects within the corridor of the rapid rail project or within the boundaries of the qualifying transportation facility. In the case of highway projects, the Board shall follow an approval process generally in accordance with subsection B of § 33.2-208.","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1","next_prefix":"D"},"8":{"id":232986,"text":"The provisions of this section shall be liberally construed to the end that its beneficial purposes may be effectuated. Insofar as this provision is inconsistent with the provisions of any other general, special, or local law, this provision shall be controlling.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C2"}},"ancestry":[{"id":13148,"edition_id":1,"name":"Transportation Trust Fund","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13147,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":206595,"object_type":"structure","relational_id":13148,"identifier":"5","token":"33.2\/III\/15\/5","url":"\/33.2\/III\/15\/5\/","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":72795,"structure_id":13148,"section_number":"33.2-1524","catch_line":"Commonwealth Transportation Fund","url":"\/33.2-1524\/","token":"33.2\/III\/15\/5\/33.2-1524","metadata":false},{"id":77204,"structure_id":13148,"section_number":"33.2-1524.1","catch_line":"Transportation Trust Fund","url":"\/33.2-1524.1\/","token":"33.2\/III\/15\/5\/33.2-1524.1","metadata":false},{"id":54699,"structure_id":13148,"section_number":"33.2-1525","catch_line":"Administration of Transportation Trust Fund","url":"\/33.2-1525\/","token":"33.2\/III\/15\/5\/33.2-1525","metadata":false},{"id":65252,"structure_id":13148,"section_number":"33.2-1526","catch_line":"Commonwealth Mass Transit Fund","url":"\/33.2-1526\/","token":"33.2\/III\/15\/5\/33.2-1526","metadata":false},{"id":56022,"structure_id":13148,"section_number":"33.2-1526.1","catch_line":"Use of the Commonwealth Mass Transit Fund","url":"\/33.2-1526.1\/","token":"33.2\/III\/15\/5\/33.2-1526.1","metadata":false},{"id":86224,"structure_id":13148,"section_number":"33.2-1526.2","catch_line":"Commonwealth Transit Capital Fund","url":"\/33.2-1526.2\/","token":"33.2\/III\/15\/5\/33.2-1526.2","metadata":false},{"id":69870,"structure_id":13148,"section_number":"33.2-1526.3","catch_line":"Transit Ridership Incentive Program","url":"\/33.2-1526.3\/","token":"33.2\/III\/15\/5\/33.2-1526.3","metadata":false},{"id":75211,"structure_id":13148,"section_number":"33.2-1526.4","catch_line":"Commonwealth Rail Fund","url":"\/33.2-1526.4\/","token":"33.2\/III\/15\/5\/33.2-1526.4","metadata":false},{"id":76515,"structure_id":13148,"section_number":"33.2-1526.5","catch_line":"Commonwealth Port Fund","url":"\/33.2-1526.5\/","token":"33.2\/III\/15\/5\/33.2-1526.5","metadata":false},{"id":54172,"structure_id":13148,"section_number":"33.2-1526.6","catch_line":"Commonwealth Aviation Fund","url":"\/33.2-1526.6\/","token":"33.2\/III\/15\/5\/33.2-1526.6","metadata":false},{"id":57624,"structure_id":13148,"section_number":"33.2-1526.7","catch_line":"Commonwealth Space Flight Fund","url":"\/33.2-1526.7\/","token":"33.2\/III\/15\/5\/33.2-1526.7","metadata":false},{"id":64458,"structure_id":13148,"section_number":"33.2-1527","catch_line":"Priority Transportation Fund","url":"\/33.2-1527\/","token":"33.2\/III\/15\/5\/33.2-1527","metadata":false},{"id":63983,"structure_id":13148,"section_number":"33.2-1528","catch_line":"Concession Payments Account","url":"\/33.2-1528\/","token":"33.2\/III\/15\/5\/33.2-1528","metadata":false},{"id":54474,"structure_id":13148,"section_number":"33.2-1529","catch_line":"Toll Facilities Revolving Account","url":"\/33.2-1529\/","token":"33.2\/III\/15\/5\/33.2-1529","metadata":false},{"id":65952,"structure_id":13148,"section_number":"33.2-1529.1","catch_line":"Transportation Partnership Opportunity Fund","url":"\/33.2-1529.1\/","token":"33.2\/III\/15\/5\/33.2-1529.1","metadata":false}],"previous_section":{"id":64458,"structure_id":13148,"section_number":"33.2-1527","catch_line":"Priority Transportation Fund","url":"\/33.2-1527\/","token":"33.2\/III\/15\/5\/33.2-1527","metadata":false},"next_section":{"id":54474,"structure_id":13148,"section_number":"33.2-1529","catch_line":"Toll Facilities Revolving Account","url":"\/33.2-1529\/","token":"33.2\/III\/15\/5\/33.2-1529","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-1528\/","history_text":"

This law was first created in 2006. The record of its establishment is cataloged in chapter 922<\/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 3 times. 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. Those modifications are as follows: in 2014, chapter 805<\/a>; in 2015, chapter 709<\/a>; in 2020, chapters 1230<\/a> and 1275<\/a>.<\/p>","references":false,"refers_to":[{"id":72795,"section_number":"33.2-1524","catch_line":"Commonwealth Transportation Fund","order_by":null,"url":"\/33.2-1524\/"},{"id":58174,"section_number":"33.2-1800","catch_line":"Definitions","order_by":null,"url":"\/33.2-1800\/"}],"permalink":{"id":206645,"object_type":"law","relational_id":63983,"identifier":"33.2-1528","token":"33.2\/III\/15\/5\/33.2-1528","url":"\/33.2-1528\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-1528\/","token":"33.2\/III\/15\/5\/33.2-1528","dublin_core":{"Title":"Concession Payments Account","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-1528","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Concession payments to the Commonwealth deposited into the Transportation Trust Fund pursuant to subdivision B 2 of § 33.2-1524<\/a> from qualifying transportation facilities developed and\/or operated pursuant to the Public-Private Transportation Act of 1995 (§ 33.2-1800<\/a> et seq.) shall be held in a separate subaccount to be designated the Concession Payments Account, (the Account) together with all interest, dividends, and appreciation that accrue to the Account and that are not otherwise specifically directed by law<\/span> or reserved by the Board<\/span> for other purposes allowed by law<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Board<\/span> may make allocations from the Account upon such terms and subject to such conditions as the Board<\/span> deems appropriate to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Pay or finance all or part of the costs of programs or projects, including the costs of planning, operation, maintenance<\/span>, and improvements incurred in connection with the acquisition and construction of projects, provided that allocations from the Account shall be limited to programs and projects that are reasonably related to or benefit the users of the qualifying transportation facility that was the subject of a concession pursuant to the Public-Private Transportation Act of 1995 (§ 33.2-1800<\/a> et seq.). The priorities of metropolitan planning organizations, planning district commissions, local governments, and transportation corridors shall be considered by the Board<\/span> in making project allocations from moneys in the Account. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Repay funds from the Toll Facilities Revolving Account or the Transportation Partnership Opportunity Fund. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Pay the Board<\/span>’s reasonable costs and expenses incurred in the administration and management of the Account. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Concession payments to the Commonwealth for a qualifying transportation facility located within the boundaries of a rapid rail project for which a federal Record of Decision has been issued shall be held in a subaccount separate from the Concession Payments Account together with all interest, dividends, and appreciation that accrue to the subaccount. The Board<\/span> may make allocations from the subaccount as the Board<\/span> deems appropriate to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Pay or finance all or part of the costs of planning, design, land acquisition, and improvements incurred in connection with the construction of such rapid rail project consistent with the issued federal Record of Decision, as may be revised; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Upon determination by the Board<\/span> that sufficient funds are or will be available to meet the schedule for construction of such rapid rail project, pay or finance all or part of the costs of planning, design, land acquisition, and improvements incurred in connection with other highway<\/span> and public transportation<\/span> projects within the corridor of the rapid rail project or within the boundaries of the qualifying transportation facility. In the case of highway<\/span> projects, the Board<\/span> shall follow an approval process generally in accordance with subsection B of § 33.2-208<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The provisions of this section shall be liberally construed to the end that its beneficial purposes may be effectuated. Insofar as this provision is inconsistent with the provisions of any other general, special, or local law<\/span>, this provision shall be controlling. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONCESSION PAYMENTS ACCOUNT (\u00a7 33.2-1528)\n\nA. Concession payments to the Commonwealth deposited into the Transportation\nTrust Fund pursuant to subdivision B 2 of § 33.2-1524 from qualifying\ntransportation facilities developed and\/or operated pursuant to the\nPublic-Private Transportation Act of 1995 (§ 33.2-1800 et seq.) shall be\nheld in a separate subaccount to be designated the Concession Payments Account,\n(the Account) together with all interest, dividends, and appreciation that\naccrue to the Account and that are not otherwise specifically directed by law or\nreserved by the Board for other purposes allowed by law.\n\nB. The Board may make allocations from the Account upon such terms and subject\nto such conditions as the Board deems appropriate to:\n\n 1. Pay or finance all or part of the costs of programs or projects, including\n the costs of planning, operation, maintenance, and improvements incurred in\n connection with the acquisition and construction of projects, provided that\n allocations from the Account shall be limited to programs and projects that\n are reasonably related to or benefit the users of the qualifying\n transportation facility that was the subject of a concession pursuant to the\n Public-Private Transportation Act of 1995 (§ 33.2-1800 et seq.). The\n priorities of metropolitan planning organizations, planning district\n commissions, local governments, and transportation corridors shall be\n considered by the Board in making project allocations from moneys in the\n Account.\n\n 2. Repay funds from the Toll Facilities Revolving Account or the\n Transportation Partnership Opportunity Fund.\n\n 3. Pay the Board’s reasonable costs and expenses incurred in the\n administration and management of the Account.\n\nC. Concession payments to the Commonwealth for a qualifying transportation\nfacility located within the boundaries of a rapid rail project for which a\nfederal Record of Decision has been issued shall be held in a subaccount\nseparate from the Concession Payments Account together with all interest,\ndividends, and appreciation that accrue to the subaccount. The Board may make\nallocations from the subaccount as the Board deems appropriate to:\n\n 1. Pay or finance all or part of the costs of planning, design, land\n acquisition, and improvements incurred in connection with the construction of\n such rapid rail project consistent with the issued federal Record of Decision,\n as may be revised; and\n\n 2. Upon determination by the Board that sufficient funds are or will be\n available to meet the schedule for construction of such rapid rail project,\n pay or finance all or part of the costs of planning, design, land acquisition,\n and improvements incurred in connection with other highway and public\n transportation projects within the corridor of the rapid rail project or\n within the boundaries of the qualifying transportation facility. In the case\n of highway projects, the Board shall follow an approval process generally in\n accordance with subsection B of § 33.2-208.\n\nD. The provisions of this section shall be liberally construed to the end that\nits beneficial purposes may be effectuated. Insofar as this provision is\ninconsistent with the provisions of any other general, special, or local law,\nthis provision shall be controlling.\n\nHISTORY: 2006, c. 922, \u00a7 33.1-23.03:9; 2014, c. 805; 2015, c. 709; 2020, cc.\n1230, 1275.","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}}