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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>61770</law_id><section_number>33.2-2904</section_number><catch_line>Rates and charges</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="IV">Local and Regional Transportation</unit><unit label="chapter" level="3" order_by="1" identifier="29">Richmond Metropolitan Transportation Authority</unit></structure><text>
						<section><p>Whenever the <span class="dictionary">Authority</span> has constructed or otherwise acquired <span class="dictionary">Authority</span> facilities and has issued bonds for such purpose, the <span class="dictionary">Authority</span> shall fix, revise, charge, and collect fees, tolls, rents, rates, and other charges for the use of such facilities and the different parts or sections thereof, sufficient, together with any other moneys made available and used for that purpose, to pay the principal of and interest on such bonds, together with reserves for such purposes, and to maintain and operate such facilities and to keep the same in good condition and repair. Such fees, tolls, rents, rates, and other charges shall not be subject to supervision or regulation by any commission, <span class="dictionary">board</span>, bureau, or agency of the Commonwealth or of any municipality, county, or other political subdivision of the Commonwealth, and all <span class="dictionary">revenues</span>, when collected, and the proceeds from the sale of <span class="dictionary">revenue bonds</span>, shall be held by the <span class="dictionary">Authority</span> in trust for the benefit of the holders of bonds of the <span class="dictionary">Authority</span> issued for the construction or acquisition of <span class="dictionary">Authority</span> facilities and for properly maintaining, operating, and repairing the <span class="dictionary">Authority</span> facilities.
		<span class="dictionary">Revenue bonds</span> issued under the provisions of this chapter shall not be deemed to constitute a debt of the Commonwealth, the City of Richmond, the County of Henrico, or the County of Chesterfield or a pledge of the full faith and credit of the Commonwealth, the City of Richmond, the County of Henrico, or the County of Chesterfield and shall be payable solely from the funds provided therefor from <span class="dictionary">revenues</span>.</p></section></text><history>2009, c. 471, &#xA7; 15.2-7004; 2014, c. 805.</history><metadata></metadata></law>
