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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74906</law_id><section_number>33.2-1812</section_number><catch_line>Financing</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="18">Public-Private Transportation Act of 1995</unit></structure><text>
						<section><p>Any financing of a <span class="dictionary">qualifying transportation facility</span> may be in such amounts and upon such terms and conditions as may be determined by the parties to the interim or <span class="dictionary">comprehensive agreement</span>. Without limiting the generality of the foregoing, the <span class="dictionary">private entity</span> and the <span class="dictionary">responsible public entity</span> may propose to utilize any and all <span class="dictionary">revenues</span> that may be available to them and may, to the fullest extent permitted by applicable <span class="dictionary">law</span>: <span class="dictionary">issue</span> debt, <span class="dictionary">equity</span>, or other securities or obligations; enter into leases, <span class="dictionary">concessions</span>, and grant and loan agreements; access any designated transportation trust funds; borrow or accept grants from any <span class="dictionary">state</span> infrastructure bank; and secure any financing with a pledge of, security interest in, or <span class="dictionary">lien</span> on any or all of its property, including all of its property interests in the <span class="dictionary">qualifying transportation facility</span>.</p></section></text><history>2005, cc. 504, 562, &#xA7; 56-567.1; 2006, c. 922; 2014, c. 805.</history><metadata></metadata></law>
