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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73006</law_id><section_number>33.2-1716</section_number><catch_line>All moneys to be trust funds</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>33.2-1518</reference><reference>33.2-1519</reference><reference>33.2-1520</reference><reference>33.2-1521</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>All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of revenue <span class="dictionary">bonds</span>, as grants or other contributions, or as tolls and <span class="dictionary">revenues</span>, shall be held and applied solely as provided in this chapter. The <span class="dictionary">Board</span> shall, in the resolution authorizing the issuance of <span class="dictionary">bonds</span> or in the trust indenture, provide for the payment of the proceeds of the sale of the <span class="dictionary">bonds</span> and the tolls and <span class="dictionary">revenues</span> to be received into the state treasury and carried on the books of the Comptroller in a special account and may provide for the turning over, transfer, or paying over of such funds from the state treasury to any officer, agency, bank, or trust company who shall act as trustee of such funds and hold and apply the same to the purposes of this chapter, subject to such regulations as this chapter and such resolution or trust indenture may provide.
		Disbursements and payments of moneys so paid into the state treasury shall be made by the State Treasurer upon warrants of the State Comptroller that he shall <span class="dictionary">issue</span> upon vouchers signed by such person or persons as shall be designated by the <span class="dictionary">Board</span> for such purpose.</p></section></text><history>Code 1950, &#xA7; 33-243; 1970, c. 322, &#xA7; 33.1-283; 1988, cc. 844, 903; 2014, c. 805.</history><metadata></metadata></law>
