CODE OF VIRGINIA

MORATORIUM ON REPAYMENT OF FUNDS ALLOCATED FOR ACCESS ROADS PROGRAM (§
33.2-1509.1)

Notwithstanding a resolution adopted by a locality or surety bond issued by a
locality guaranteeing repayment within five years of an allocation by the
Commonwealth Transportation Board, no locality that has been allocated funds for
a bonded project by the Commonwealth Transportation Board pursuant to §
33.2-1509 shall repay such funds within a 48-month period beginning on March 16,
2017, provided that all of the other conditions of the Commonwealth
Transportation Board’s economic development access policy are met.

HISTORY: 2017, cc. 531, 558.