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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>78007</law_id><section_number>33.2-1518</section_number><catch_line>Deposit of proceeds</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="33.2">Highways and Other Surface Transportation Systems</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Transportation Funding and Development</unit><unit label="chapter" level="3" order_by="1" identifier="15">Transportation Funding</unit><unit label="article" level="4" order_by="1" identifier="4">Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes Act of 2011</unit></structure><text>
						<section><p>The proceeds of each <span class="dictionary">series</span> of <span class="dictionary">Notes</span> shall be placed by the State Treasurer in a special fund in the state treasury or may be placed with a trustee in accordance with &#xA7;&#xA0;<a class="law" title="All moneys to be trust funds" href="/33.2-1716/">33.2-1716</a> and shall be disbursed only for the purpose for which such <span class="dictionary">series</span> is issued.</p></section></text><history>2011, cc. 830, 868, &#xA7; 33.1-23.21; 2014, c. 805.</history><metadata></metadata></law>
