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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65580</law_id><section_number>33.2-1708</section_number><catch_line>Revenue bonds</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="17">Transportation Development and Revenue Bond Act</unit></structure><text>
						<section><p>The <span class="dictionary">Board</span> may provide by resolution, at one time or from time to time, for the issuance of revenue <span class="dictionary">bonds</span>, notes, or other revenue obligations of the Commonwealth for the purpose of paying all or any part of the cost, as defined in &#xA7;&#xA0;<a class="law" title="Definitions" href="/33.2-1700/">33.2-1700</a>, of any one or more <span class="dictionary">projects</span>, as defined in &#xA7;&#xA0;<a class="law" title="Definitions" href="/33.2-1700/">33.2-1700</a>. The principal or purchase price of, and <span class="dictionary">redemption</span> premium, if any, and interest on such obligations shall be payable solely from the special funds herein provided for such payment. For the purposes of this section, &#x201C;special funds&#x201D; includes any funds established for Commonwealth of Virginia Toll Revenue <span class="dictionary">Bonds</span>, Commonwealth of Virginia Transportation <span class="dictionary">Contract</span> Revenue <span class="dictionary">Bonds</span>, Commonwealth of Virginia Transportation Revenue <span class="dictionary">Bonds</span>, Commonwealth of Virginia Interstate 81 Program Revenue <span class="dictionary">Bonds</span>, Commonwealth of Virginia Federal <span class="dictionary">Highway</span> Reimbursement Anticipation Notes, or Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes, Commonwealth of Virginia Passenger Rail Facilities <span class="dictionary">Bonds</span>, or Commonwealth of Virginia Special Structures Program Revenue <span class="dictionary">Bonds</span>.</p></section></text><history>Code 1950, &#xA7; 33-236; 1970, c. 322, &#xA7; 33.1-276; 1988, cc. 844, 903; 1989, Sp. Sess., cc. 9, 11; 2000, cc. 1019, 1044; 2011, cc. 830, 868; 2014, c. 805; 2020, cc. 1230, 1275; 2025, c. 327.</history><metadata></metadata></law>
