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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>86949</law_id><section_number>33.2-1722</section_number><catch_line>Use of certain funds by Board</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, in its discretion, use any part of funds available for the construction of state <span class="dictionary">highways</span> in any <span class="dictionary">highway construction</span> district in which any <span class="dictionary">project</span> authorized for toll revenue <span class="dictionary">bond</span> financing by the <span class="dictionary">Board</span> as described in &#xA7;&#xA0;<a class="law" title="Definitions" href="/33.2-1700/">33.2-1700</a> or by the Richmond Metropolitan Transportation Authority as established in Chapter 29 (&#xA7;&#xA0;<a class="law" title="Definitions" href="/33.2-2900/">33.2-2900</a> et seq.) is wholly or partly located to aid in the payment of the cost of such <span class="dictionary">projects</span> and for the payment, purchase, or <span class="dictionary">redemption</span> of revenue <span class="dictionary">bonds</span> issued in connection with any such <span class="dictionary">project</span>, or in connection with any such <span class="dictionary">project</span> and any one or more other <span class="dictionary">projects</span>. The <span class="dictionary">Board</span> may also, in its discretion, use any part of funds available for the <span class="dictionary">maintenance</span> of state <span class="dictionary">highways</span>, in any <span class="dictionary">highway construction</span> district in which any such <span class="dictionary">project</span> is wholly or partly located, to provide for the operation, <span class="dictionary">maintenance</span>, and repair of any such <span class="dictionary">project</span> and for the payment of interest on revenue <span class="dictionary">bonds</span> issued in connection with any such <span class="dictionary">project</span>, or in connection with any such <span class="dictionary">project</span> and any one or more other <span class="dictionary">projects</span>. In addition, the <span class="dictionary">Board</span> may, in its discretion, use funds under the terms of this section for the emergency operation, <span class="dictionary">maintenance</span>, and repair of the <span class="dictionary">project</span> of the Chesapeake Bay Bridge and Tunnel District and Commission as established in Chapter 22 (&#xA7;&#xA0;<a class="law" title="Definitions" href="/33.2-2200/">33.2-2200</a> et seq.) in the event of damage to the bridge under a repayment agreement approved by the <span class="dictionary">bond</span> trustee and may also pay to the Chesapeake Bay Bridge and Tunnel Commission, for aid in the <span class="dictionary">maintenance</span> of the <span class="dictionary">project</span>, the same amounts authorized by &#xA7;&#xA0;<a class="law" title="Payments to cities and certain towns for maintenance of certain highways" href="/33.2-319/">33.2-319</a> for payments for <span class="dictionary">maintenance</span> to certain towns and cities.
		If the <span class="dictionary">Board</span> uses any part of the fund available to itself for the construction of <span class="dictionary">highways</span> in the primary state highway system without reference to <span class="dictionary">highway construction</span> districts, commonly called the &#x201C;gap fund,&#x201D; for any purpose permitted by this section, it shall not expend in excess of three-eighths of the amount of such fund, including other amounts of such fund that may be expended in the three districts in which such <span class="dictionary">projects</span> are located, provided that in no case shall any of the funds of any <span class="dictionary">highway construction</span> district other than those in which the <span class="dictionary">projects</span> are located be used for the purposes of this chapter.</p></section></text><history>Code 1950, &#xA7; 33-248; 1970, c. 322, &#xA7; 33.1-288; 1972, c. 490; 1974, c. 242; 2006, c. 186; 2009, c. 471; 2014, cc. 469, 805.</history><metadata></metadata></law>
