{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-1722.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-1722.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-1722.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-1722.html"}],"law_id":86949,"edition_id":1,"section_id":86949,"structure_id":13528,"section_number":"33.2-1722","catch_line":"Use of certain funds by Board","history":"Code 1950, \u00a7 33-248; 1970, c. 322, \u00a7 33.1-288; 1972, c. 490; 1974, c. 242; 2006, c. 186; 2009, c. 471; 2014, cc. 469, 805.","full_text":"The Board may, in its discretion, use any part of funds available for the construction of state highways in any highway construction district in which any project authorized for toll revenue bond financing by the Board as described in \u00a7 33.2-1700 or by the Richmond Metropolitan Transportation Authority as established in Chapter 29 (\u00a7 33.2-2900 et seq.) is wholly or partly located to aid in the payment of the cost of such projects and for the payment, purchase, or redemption of revenue bonds issued in connection with any such project, or in connection with any such project and any one or more other projects. The Board may also, in its discretion, use any part of funds available for the maintenance of state highways, in any highway construction district in which any such project is wholly or partly located, to provide for the operation, maintenance, and repair of any such project and for the payment of interest on revenue bonds issued in connection with any such project, or in connection with any such project and any one or more other projects. In addition, the Board may, in its discretion, use funds under the terms of this section for the emergency operation, maintenance, and repair of the project of the Chesapeake Bay Bridge and Tunnel District and Commission as established in Chapter 22 (\u00a7 33.2-2200 et seq.) in the event of damage to the bridge under a repayment agreement approved by the bond trustee and may also pay to the Chesapeake Bay Bridge and Tunnel Commission, for aid in the maintenance of the project, the same amounts authorized by \u00a7 33.2-319 for payments for maintenance to certain towns and cities.\n\t\tIf the Board uses any part of the fund available to itself for the construction of highways in the primary state highway system without reference to highway construction districts, commonly called the “gap fund,” for any purpose permitted by this section, it shall not expend in excess of three-eighths of the amount of such fund, including other amounts of such fund that may be expended in the three districts in which such projects are located, provided that in no case shall any of the funds of any highway construction district other than those in which the projects are located be used for the purposes of this chapter.","order_by":null,"text":{"0":{"id":311305,"text":"The Board may, in its discretion, use any part of funds available for the construction of state highways in any highway construction district in which any project authorized for toll revenue bond financing by the Board as described in \u00a7 33.2-1700 or by the Richmond Metropolitan Transportation Authority as established in Chapter 29 (\u00a7 33.2-2900 et seq.) is wholly or partly located to aid in the payment of the cost of such projects and for the payment, purchase, or redemption of revenue bonds issued in connection with any such project, or in connection with any such project and any one or more other projects. The Board may also, in its discretion, use any part of funds available for the maintenance of state highways, in any highway construction district in which any such project is wholly or partly located, to provide for the operation, maintenance, and repair of any such project and for the payment of interest on revenue bonds issued in connection with any such project, or in connection with any such project and any one or more other projects. In addition, the Board may, in its discretion, use funds under the terms of this section for the emergency operation, maintenance, and repair of the project of the Chesapeake Bay Bridge and Tunnel District and Commission as established in Chapter 22 (\u00a7 33.2-2200 et seq.) in the event of damage to the bridge under a repayment agreement approved by the bond trustee and may also pay to the Chesapeake Bay Bridge and Tunnel Commission, for aid in the maintenance of the project, the same amounts authorized by \u00a7 33.2-319 for payments for maintenance to certain towns and cities.\n\t\tIf the Board uses any part of the fund available to itself for the construction of highways in the primary state highway system without reference to highway construction districts, commonly called the “gap fund,” for any purpose permitted by this section, it shall not expend in excess of three-eighths of the amount of such fund, including other amounts of such fund that may be expended in the three districts in which such projects are located, provided that in no case shall any of the funds of any highway construction district other than those in which the projects are located be used for the purposes of this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13528,"edition_id":1,"name":"Transportation Development and Revenue Bond Act","identifier":"17","label":"chapter","depth":3,"order_by":1,"parent_id":13146,"metadata":{},"date_created":"2026-06-26 03:45:07","date_modified":"2026-06-26 03:45:07","permalink":{"id":206695,"object_type":"structure","relational_id":13528,"identifier":"17","token":"33.2\/III\/17","url":"\/33.2\/III\/17\/","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":63551,"structure_id":13528,"section_number":"33.2-1700","catch_line":"Definitions","url":"\/33.2-1700\/","token":"33.2\/III\/17\/33.2-1700","metadata":false},{"id":84701,"structure_id":13528,"section_number":"33.2-1701","catch_line":"General powers of Commonwealth Transportation Board","url":"\/33.2-1701\/","token":"33.2\/III\/17\/33.2-1701","metadata":false},{"id":80449,"structure_id":13528,"section_number":"33.2-1702","catch_line":"Acquisition and construction of projects","url":"\/33.2-1702\/","token":"33.2\/III\/17\/33.2-1702","metadata":false},{"id":86114,"structure_id":13528,"section_number":"33.2-1703","catch_line":"Purchase of projects","url":"\/33.2-1703\/","token":"33.2\/III\/17\/33.2-1703","metadata":false},{"id":60370,"structure_id":13528,"section_number":"33.2-1704","catch_line":"Condemnation of projects and property","url":"\/33.2-1704\/","token":"33.2\/III\/17\/33.2-1704","metadata":false},{"id":76541,"structure_id":13528,"section_number":"33.2-1705","catch_line":"Improvement of projects acquired","url":"\/33.2-1705\/","token":"33.2\/III\/17\/33.2-1705","metadata":false},{"id":55097,"structure_id":13528,"section_number":"33.2-1706","catch_line":"Construction of projects","url":"\/33.2-1706\/","token":"33.2\/III\/17\/33.2-1706","metadata":false},{"id":55698,"structure_id":13528,"section_number":"33.2-1707","catch_line":"Highway connections","url":"\/33.2-1707\/","token":"33.2\/III\/17\/33.2-1707","metadata":false},{"id":65580,"structure_id":13528,"section_number":"33.2-1708","catch_line":"Revenue bonds","url":"\/33.2-1708\/","token":"33.2\/III\/17\/33.2-1708","metadata":false},{"id":82704,"structure_id":13528,"section_number":"33.2-1709","catch_line":"Credit of Commonwealth not pledged","url":"\/33.2-1709\/","token":"33.2\/III\/17\/33.2-1709","metadata":false},{"id":54493,"structure_id":13528,"section_number":"33.2-1710","catch_line":"Form and terms of bonds","url":"\/33.2-1710\/","token":"33.2\/III\/17\/33.2-1710","metadata":false},{"id":69964,"structure_id":13528,"section_number":"33.2-1711","catch_line":"No other prerequisites to issue of bonds","url":"\/33.2-1711\/","token":"33.2\/III\/17\/33.2-1711","metadata":false},{"id":57059,"structure_id":13528,"section_number":"33.2-1712","catch_line":"Limitations and approvals for certain revenue bonds","url":"\/33.2-1712\/","token":"33.2\/III\/17\/33.2-1712","metadata":false},{"id":57433,"structure_id":13528,"section_number":"33.2-1713","catch_line":"Sale of bonds; bonds as legal investments","url":"\/33.2-1713\/","token":"33.2\/III\/17\/33.2-1713","metadata":false},{"id":58119,"structure_id":13528,"section_number":"33.2-1714","catch_line":"Use of proceeds of sale of bonds","url":"\/33.2-1714\/","token":"33.2\/III\/17\/33.2-1714","metadata":false},{"id":82268,"structure_id":13528,"section_number":"33.2-1715","catch_line":"Financing two or more projects together","url":"\/33.2-1715\/","token":"33.2\/III\/17\/33.2-1715","metadata":false},{"id":73006,"structure_id":13528,"section_number":"33.2-1716","catch_line":"All moneys to be trust funds","url":"\/33.2-1716\/","token":"33.2\/III\/17\/33.2-1716","metadata":false},{"id":73553,"structure_id":13528,"section_number":"33.2-1717","catch_line":"Trust indenture","url":"\/33.2-1717\/","token":"33.2\/III\/17\/33.2-1717","metadata":false},{"id":80373,"structure_id":13528,"section_number":"33.2-1718","catch_line":"Revenues","url":"\/33.2-1718\/","token":"33.2\/III\/17\/33.2-1718","metadata":false},{"id":74535,"structure_id":13528,"section_number":"33.2-1719","catch_line":"Reserve funds and appropriations","url":"\/33.2-1719\/","token":"33.2\/III\/17\/33.2-1719","metadata":false},{"id":85790,"structure_id":13528,"section_number":"33.2-1720","catch_line":"Sinking fund","url":"\/33.2-1720\/","token":"33.2\/III\/17\/33.2-1720","metadata":false},{"id":63337,"structure_id":13528,"section_number":"33.2-1721","catch_line":" Cessation of tolls","url":"\/33.2-1721\/","token":"33.2\/III\/17\/33.2-1721","metadata":false},{"id":86949,"structure_id":13528,"section_number":"33.2-1722","catch_line":"Use of certain funds by Board","url":"\/33.2-1722\/","token":"33.2\/III\/17\/33.2-1722","metadata":false},{"id":83568,"structure_id":13528,"section_number":"33.2-1723","catch_line":"Contributions","url":"\/33.2-1723\/","token":"33.2\/III\/17\/33.2-1723","metadata":false},{"id":83320,"structure_id":13528,"section_number":"33.2-1724","catch_line":"Remedies of bondholders and trustee","url":"\/33.2-1724\/","token":"33.2\/III\/17\/33.2-1724","metadata":false},{"id":78310,"structure_id":13528,"section_number":"33.2-1725","catch_line":"Competing bridges, ferries, and tunnels","url":"\/33.2-1725\/","token":"33.2\/III\/17\/33.2-1725","metadata":false},{"id":60374,"structure_id":13528,"section_number":"33.2-1726","catch_line":"Incidental powers of the Board","url":"\/33.2-1726\/","token":"33.2\/III\/17\/33.2-1726","metadata":false},{"id":60094,"structure_id":13528,"section_number":"33.2-1727","catch_line":"Revenue refunding bonds and revenue bonds for combined purposes","url":"\/33.2-1727\/","token":"33.2\/III\/17\/33.2-1727","metadata":false},{"id":54553,"structure_id":13528,"section_number":"33.2-1728","catch_line":"Chapter provides alternative method","url":"\/33.2-1728\/","token":"33.2\/III\/17\/33.2-1728","metadata":false},{"id":72521,"structure_id":13528,"section_number":"33.2-1729","catch_line":"Chapter liberally construed","url":"\/33.2-1729\/","token":"33.2\/III\/17\/33.2-1729","metadata":false}],"previous_section":{"id":63337,"structure_id":13528,"section_number":"33.2-1721","catch_line":" Cessation of tolls","url":"\/33.2-1721\/","token":"33.2\/III\/17\/33.2-1721","metadata":false},"next_section":{"id":83568,"structure_id":13528,"section_number":"33.2-1723","catch_line":"Contributions","url":"\/33.2-1723\/","token":"33.2\/III\/17\/33.2-1723","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-1722\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 6 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 1970, chapter 322; in 1972, chapter 490; in 1974, chapter 242; in 2006, chapter 186<\/a>; in 2009, chapter 471<\/a>; in 2014, chapters 469<\/a> and 805<\/a>.<\/p>","references":false,"refers_to":[{"id":63551,"section_number":"33.2-1700","catch_line":"Definitions","order_by":null,"url":"\/33.2-1700\/"},{"id":64389,"section_number":"33.2-2200","catch_line":"Definitions","order_by":null,"url":"\/33.2-2200\/"},{"id":55318,"section_number":"33.2-2900","catch_line":"Definitions","order_by":null,"url":"\/33.2-2900\/"},{"id":56954,"section_number":"33.2-319","catch_line":"Payments to cities and certain towns for maintenance of certain highways","order_by":null,"url":"\/33.2-319\/"}],"permalink":{"id":206785,"object_type":"law","relational_id":86949,"identifier":"33.2-1722","token":"33.2\/III\/17\/33.2-1722","url":"\/33.2-1722\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-1722\/","token":"33.2\/III\/17\/33.2-1722","dublin_core":{"Title":"Use of certain funds by Board","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-1722","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Board<\/span> may, in its discretion, use any part of funds available for the construction of state highways<\/span> in any highway construction<\/span> district in which any project<\/span> authorized for toll revenue bond<\/span> financing by the Board<\/span> as described in \u00a7 33.2-1700<\/a> or by the Richmond Metropolitan Transportation Authority as established in Chapter 29 (\u00a7 33.2-2900<\/a> et seq.) is wholly or partly located to aid in the payment of the cost of such projects<\/span> and for the payment, purchase, or redemption<\/span> of revenue bonds<\/span> issued in connection with any such project<\/span>, or in connection with any such project<\/span> and any one or more other projects<\/span>. The Board<\/span> may also, in its discretion, use any part of funds available for the maintenance<\/span> of state highways<\/span>, in any highway construction<\/span> district in which any such project<\/span> is wholly or partly located, to provide for the operation, maintenance<\/span>, and repair of any such project<\/span> and for the payment of interest on revenue bonds<\/span> issued in connection with any such project<\/span>, or in connection with any such project<\/span> and any one or more other projects<\/span>. In addition, the Board<\/span> may, in its discretion, use funds under the terms of this section for the emergency operation, maintenance<\/span>, and repair of the project<\/span> of the Chesapeake Bay Bridge and Tunnel District and Commission as established in Chapter 22 (\u00a7 33.2-2200<\/a> et seq.) in the event of damage to the bridge under a repayment agreement approved by the bond<\/span> trustee and may also pay to the Chesapeake Bay Bridge and Tunnel Commission, for aid in the maintenance<\/span> of the project<\/span>, the same amounts authorized by \u00a7 33.2-319<\/a> for payments for maintenance<\/span> to certain towns and cities.\n\t\tIf the Board<\/span> uses any part of the fund available to itself for the construction of highways<\/span> in the primary state highway system without reference to highway construction<\/span> districts, commonly called the “gap fund,” for any purpose permitted by this section, it shall not expend in excess of three-eighths of the amount of such fund, including other amounts of such fund that may be expended in the three districts in which such projects<\/span> are located, provided that in no case shall any of the funds of any highway construction<\/span> district other than those in which the projects<\/span> are located be used for the purposes of this chapter.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nUSE OF CERTAIN FUNDS BY BOARD (\u00a7 33.2-1722)\n\nThe Board may, in its discretion, use any part of funds available for the\nconstruction of state highways in any highway construction district in which any\nproject authorized for toll revenue bond financing by the Board as described in\n\u00a7 33.2-1700 or by the Richmond Metropolitan Transportation Authority as\nestablished in Chapter 29 (\u00a7 33.2-2900 et seq.) is wholly or partly located to\naid in the payment of the cost of such projects and for the payment, purchase,\nor redemption of revenue bonds issued in connection with any such project, or in\nconnection with any such project and any one or more other projects. The Board\nmay also, in its discretion, use any part of funds available for the maintenance\nof state highways, in any highway construction district in which any such\nproject is wholly or partly located, to provide for the operation, maintenance,\nand repair of any such project and for the payment of interest on revenue bonds\nissued in connection with any such project, or in connection with any such\nproject and any one or more other projects. In addition, the Board may, in its\ndiscretion, use funds under the terms of this section for the emergency\noperation, maintenance, and repair of the project of the Chesapeake Bay Bridge\nand Tunnel District and Commission as established in Chapter 22 (\u00a7 33.2-2200 et\nseq.) in the event of damage to the bridge under a repayment agreement approved\nby the bond trustee and may also pay to the Chesapeake Bay Bridge and Tunnel\nCommission, for aid in the maintenance of the project, the same amounts\nauthorized by \u00a7 33.2-319 for payments for maintenance to certain towns and\ncities.\n\t\tIf the Board uses any part of the fund available to itself for the\nconstruction of highways in the primary state highway system without reference\nto highway construction districts, commonly called the “gap fund,”\nfor any purpose permitted by this section, it shall not expend in excess of\nthree-eighths of the amount of such fund, including other amounts of such fund\nthat may be expended in the three districts in which such projects are located,\nprovided that in no case shall any of the funds of any highway construction\ndistrict other than those in which the projects are located be used for the\npurposes of this chapter.\n\nHISTORY: Code 1950, \u00a7 33-248; 1970, c. 322, \u00a7 33.1-288; 1972, c. 490; 1974, c.\n242; 2006, c. 186; 2009, c. 471; 2014, cc. 469, 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}}