{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-3401.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-3401.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-3401.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-3401.html"}],"law_id":85977,"edition_id":1,"section_id":85977,"structure_id":16268,"section_number":"33.2-3401","catch_line":"Washington Metropolitan Area Transit Authority Capital Fund","history":"2018, cc. 854, 856.","full_text":"A\n\nThere is hereby created in the state treasury a special nonreverting fund for the benefit of the Northern Virginia Transportation District to be known as the Washington Metropolitan Area Transit Authority Capital Fund. The Fund shall be established on the books of the Comptroller. All revenues dedicated to the Fund pursuant to §§ 33.2-2400, 33.2-3404, 58.1-802.3, 58.1-1741, 58.1-1743, and 58.1-2299.20 shall be paid into the state treasury and credited to the Fund as set forth in subsection B and shall be used for the payment of capital purposes incurred, or to be incurred, by WMATA. Interest on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. The Comptroller shall disburse funds to WMATA on a monthly basis if NVTC has provided the certification required by subsection B of § 33.2-3402.B\n\n1. Within the Fund, there shall be established a separate, segregated account into which revenues dedicated to the Fund pursuant to \u00a7\u00a7 33.2-2400 and 58.1-1741 shall be deposited (the Restricted Account). Revenues deposited into the Restricted Account shall be available for use by WMATA for capital purposes other than for the payment of, or security for, debt service on bonds or other indebtedness of WMATA.2\n\nWithin the Fund, there shall be established a separate, segregated account into which revenues dedicated to the Fund pursuant to §§ 33.2-3404, 58.1-802.3, 58.1-1743, and 58.1-2299.20 shall be deposited (the Non-Restricted Account). Revenues deposited into the Non-Restricted Account shall be available for use by WMATA for capital purposes, including for the payment of, or security for, debt service on bonds or other indebtedness of WMATA, or for any other WMATA capital purposes.C\n\nThe amounts deposited into the Fund and the distribution and expenditure of such amounts shall not be used to calculate or reduce the share of federal, state, or local revenues otherwise available to participating jurisdictions. Further, such revenues and moneys shall not be included in any computation of, or formula for, a locality’s ability to pay for public education, upon which appropriations of state revenues to local governments for public education are determined.","order_by":null,"text":{"0":{"id":307940,"text":"There is hereby created in the state treasury a special nonreverting fund for the benefit of the Northern Virginia Transportation District to be known as the Washington Metropolitan Area Transit Authority Capital Fund. The Fund shall be established on the books of the Comptroller. All revenues dedicated to the Fund pursuant to §§ 33.2-2400, 33.2-3404, 58.1-802.3, 58.1-1741, 58.1-1743, and 58.1-2299.20 shall be paid into the state treasury and credited to the Fund as set forth in subsection B and shall be used for the payment of capital purposes incurred, or to be incurred, by WMATA. Interest on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. The Comptroller shall disburse funds to WMATA on a monthly basis if NVTC has provided the certification required by subsection B of § 33.2-3402.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":307941,"text":"1. Within the Fund, there shall be established a separate, segregated account into which revenues dedicated to the Fund pursuant to \u00a7\u00a7 33.2-2400 and 58.1-1741 shall be deposited (the Restricted Account). Revenues deposited into the Restricted Account shall be available for use by WMATA for capital purposes other than for the payment of, or security for, debt service on bonds or other indebtedness of WMATA.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B2"},"2":{"id":307942,"text":"Within the Fund, there shall be established a separate, segregated account into which revenues dedicated to the Fund pursuant to §§ 33.2-3404, 58.1-802.3, 58.1-1743, and 58.1-2299.20 shall be deposited (the Non-Restricted Account). Revenues deposited into the Non-Restricted Account shall be available for use by WMATA for capital purposes, including for the payment of, or security for, debt service on bonds or other indebtedness of WMATA, or for any other WMATA capital purposes.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B","next_prefix":"C"},"3":{"id":307943,"text":"The amounts deposited into the Fund and the distribution and expenditure of such amounts shall not be used to calculate or reduce the share of federal, state, or local revenues otherwise available to participating jurisdictions. Further, such revenues and moneys shall not be included in any computation of, or formula for, a locality’s ability to pay for public education, upon which appropriations of state revenues to local governments for public education are determined.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B2"}},"ancestry":[{"id":16268,"edition_id":1,"name":"Washington Metropolitan Area Transit Authority Capital Fund","identifier":"34","label":"chapter","depth":3,"order_by":1,"parent_id":12807,"metadata":{},"date_created":"2026-06-26 04:11:46","date_modified":"2026-06-26 04:11:46","permalink":{"id":207769,"object_type":"structure","relational_id":16268,"identifier":"34","token":"33.2\/IV\/34","url":"\/33.2\/IV\/34\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12807,"edition_id":1,"name":"Local and Regional Transportation","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12806,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":206943,"object_type":"structure","relational_id":12807,"identifier":"IV","token":"33.2\/IV","url":"\/33.2\/IV\/","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":65892,"structure_id":16268,"section_number":"33.2-3400","catch_line":"Definitions","url":"\/33.2-3400\/","token":"33.2\/IV\/34\/33.2-3400","metadata":false},{"id":85977,"structure_id":16268,"section_number":"33.2-3401","catch_line":"Washington Metropolitan Area Transit Authority Capital Fund","url":"\/33.2-3401\/","token":"33.2\/IV\/34\/33.2-3401","metadata":false},{"id":74876,"structure_id":16268,"section_number":"33.2-3402","catch_line":"NVTC oversight","url":"\/33.2-3402\/","token":"33.2\/IV\/34\/33.2-3402","metadata":false},{"id":80862,"structure_id":16268,"section_number":"33.2-3403","catch_line":"NVTC report","url":"\/33.2-3403\/","token":"33.2\/IV\/34\/33.2-3403","metadata":false},{"id":68408,"structure_id":16268,"section_number":"33.2-3404","catch_line":"Local transportation support for WMATA","url":"\/33.2-3404\/","token":"33.2\/IV\/34\/33.2-3404","metadata":false}],"previous_section":{"id":65892,"structure_id":16268,"section_number":"33.2-3400","catch_line":"Definitions","url":"\/33.2-3400\/","token":"33.2\/IV\/34\/33.2-3400","metadata":false},"next_section":{"id":74876,"structure_id":16268,"section_number":"33.2-3402","catch_line":"NVTC oversight","url":"\/33.2-3402\/","token":"33.2\/IV\/34\/33.2-3402","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-3401\/","history_text":"

This law was first created in 2018. The record of its establishment is cataloged in chapters 854<\/a> and 856<\/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.<\/p>","references":[{"id":56022,"section_number":"33.2-1526.1","catch_line":"Use of the Commonwealth Mass Transit Fund","order_by":null,"url":"\/33.2-1526.1\/"},{"id":78213,"section_number":"58.1-1741","catch_line":"Disposition of revenues","order_by":null,"url":"\/58.1-1741\/"},{"id":54540,"section_number":"58.1-1743","catch_line":"(For expiration date, see Acts 2020, cc. 1230 and 1275, and cc. 1241 and 1281) Transportation district transient occupancy tax","order_by":null,"url":"\/58.1-1743\/"},{"id":56491,"section_number":"58.1-2299.20","catch_line":"Disposition of tax revenues","order_by":null,"url":"\/58.1-2299.20\/"},{"id":84181,"section_number":"58.1-802.3","catch_line":"Regional transportation improvement fee","order_by":null,"url":"\/58.1-802.3\/"}],"refers_to":[{"id":81104,"section_number":"33.2-2400","catch_line":"Northern Virginia Transportation District Fund","order_by":null,"url":"\/33.2-2400\/"},{"id":68408,"section_number":"33.2-3404","catch_line":"Local transportation support for WMATA","order_by":null,"url":"\/33.2-3404\/"},{"id":78213,"section_number":"58.1-1741","catch_line":"Disposition of revenues","order_by":null,"url":"\/58.1-1741\/"},{"id":54540,"section_number":"58.1-1743","catch_line":"(For expiration date, see Acts 2020, cc. 1230 and 1275, and cc. 1241 and 1281) Transportation district transient occupancy tax","order_by":null,"url":"\/58.1-1743\/"},{"id":56491,"section_number":"58.1-2299.20","catch_line":"Disposition of tax revenues","order_by":null,"url":"\/58.1-2299.20\/"},{"id":84181,"section_number":"58.1-802.3","catch_line":"Regional transportation improvement fee","order_by":null,"url":"\/58.1-802.3\/"}],"permalink":{"id":207775,"object_type":"law","relational_id":85977,"identifier":"33.2-3401","token":"33.2\/IV\/34\/33.2-3401","url":"\/33.2-3401\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-3401\/","token":"33.2\/IV\/34\/33.2-3401","dublin_core":{"Title":"Washington Metropolitan Area Transit Authority Capital Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-3401","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> There is hereby created in the state treasury a special nonreverting fund<\/span> for the benefit of the Northern Virginia Transportation District to be known as the Washington Metropolitan Area Transit Authority Capital Fund<\/span>. The Fund<\/span> shall be established on the books of the Comptroller. All revenues dedicated to the Fund<\/span> pursuant to §§ 33.2-2400<\/a>, 33.2-3404<\/a>, 58.1-802.3<\/a>, 58.1-1741<\/a>, 58.1-1743<\/a>, and 58.1-2299.20<\/a> shall be paid into the state treasury and credited to the Fund<\/span> as set forth in subsection B and shall be used for the payment of capital purposes incurred, or to be incurred, by WMATA<\/span>. Interest on moneys in the Fund<\/span> shall remain in the Fund<\/span> and be credited to it. Any moneys remaining in the Fund<\/span>, including interest thereon, at the end of each fiscal year shall not revert to the general fund<\/span> but shall remain in the Fund<\/span>. The Comptroller shall disburse funds<\/span> to WMATA<\/span> on a monthly basis if NVTC<\/span> has provided the certification required by subsection B of § 33.2-3402<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> 1. Within the Fund<\/span>, there shall be established a separate, segregated account into which revenues dedicated to the Fund<\/span> pursuant to \u00a7\u00a7 33.2-2400<\/a> and 58.1-1741<\/a> shall be deposited (the Restricted Account). Revenues deposited into the Restricted Account shall be available for use by WMATA<\/span> for capital purposes other than for the payment of, or security for, debt service on bonds<\/span> or other indebtedness of WMATA<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Within the Fund<\/span>, there shall be established a separate, segregated account into which revenues dedicated to the Fund<\/span> pursuant to §§ 33.2-3404<\/a>, 58.1-802.3<\/a>, 58.1-1743<\/a>, and 58.1-2299.20<\/a> shall be deposited (the Non-Restricted Account). Revenues deposited into the Non-Restricted Account shall be available for use by WMATA<\/span> for capital purposes, including for the payment of, or security for, debt service on bonds<\/span> or other indebtedness of WMATA<\/span>, or for any other WMATA<\/span> capital purposes. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The amounts deposited into the Fund<\/span> and the distribution and expenditure of such amounts shall not be used to calculate or reduce the share of federal, state, or local revenues otherwise available to participating jurisdictions<\/span>. Further, such revenues and moneys shall not be included in any computation of, or formula for, a locality’s ability to pay for public education, upon which appropriations of state revenues to local governments for public education are determined. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nWASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY CAPITAL FUND (\u00a7 33.2-3401)\n\nA. There is hereby created in the state treasury a special nonreverting fund for\nthe benefit of the Northern Virginia Transportation District to be known as the\nWashington Metropolitan Area Transit Authority Capital Fund. The Fund shall be\nestablished on the books of the Comptroller. All revenues dedicated to the Fund\npursuant to §§ 33.2-2400, 33.2-3404, 58.1-802.3, 58.1-1741, 58.1-1743,\nand 58.1-2299.20 shall be paid into the state treasury and credited to the Fund\nas set forth in subsection B and shall be used for the payment of capital\npurposes incurred, or to be incurred, by WMATA. Interest on moneys in the Fund\nshall remain in the Fund and be credited to it. Any moneys remaining in the\nFund, including interest thereon, at the end of each fiscal year shall not\nrevert to the general fund but shall remain in the Fund. The Comptroller shall\ndisburse funds to WMATA on a monthly basis if NVTC has provided the\ncertification required by subsection B of § 33.2-3402.\n\nB. 1. Within the Fund, there shall be established a separate, segregated account\ninto which revenues dedicated to the Fund pursuant to \u00a7\u00a7 33.2-2400 and\n58.1-1741 shall be deposited (the Restricted Account). Revenues deposited into\nthe Restricted Account shall be available for use by WMATA for capital purposes\nother than for the payment of, or security for, debt service on bonds or other\nindebtedness of WMATA.\n\n 2. Within the Fund, there shall be established a separate, segregated account\n into which revenues dedicated to the Fund pursuant to §§ 33.2-3404,\n 58.1-802.3, 58.1-1743, and 58.1-2299.20 shall be deposited (the Non-Restricted\n Account). Revenues deposited into the Non-Restricted Account shall be\n available for use by WMATA for capital purposes, including for the payment of,\n or security for, debt service on bonds or other indebtedness of WMATA, or for\n any other WMATA capital purposes.\n\nC. The amounts deposited into the Fund and the distribution and expenditure of\nsuch amounts shall not be used to calculate or reduce the share of federal,\nstate, or local revenues otherwise available to participating jurisdictions.\nFurther, such revenues and moneys shall not be included in any computation of,\nor formula for, a locality’s ability to pay for public education, upon\nwhich appropriations of state revenues to local governments for public education\nare determined.\n\nHISTORY: 2018, cc. 854, 856.","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}}