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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>57059</law_id><section_number>33.2-1712</section_number><catch_line>Limitations and approvals for certain revenue bonds</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>33.2-1700</reference><reference>33.2-1701</reference></referred_to_by><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>No <span class="dictionary">bonds</span> payable from the Transportation Trust Fund <span class="dictionary">revenues</span> under a payment agreement between the <span class="dictionary">Board</span> and the Treasury <span class="dictionary">Board</span> and payable first from <span class="dictionary">revenues</span> of that Fund received pursuant to <span class="dictionary">contracts</span> with a <span class="dictionary">primary highway</span> transportation improvement district or a transportation service district shall be issued unless specifically included in a bill or resolution passed by the General Assembly. The Treasury <span class="dictionary">Board</span> is designated the sales and paying agent of the <span class="dictionary">Board</span> with respect to such <span class="dictionary">bonds</span>.</p></section></text><history>1986, Sp. Sess., c. 13, &#xA7; 33.1-279.1; 1988, cc. 844, 903; 2014, c. 805.</history><metadata></metadata></law>
