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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>75031</law_id><section_number>33.2-2905</section_number><catch_line>Use of state highway maintenance and construction funds for Authority facilities</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>Until all bonds of the <span class="dictionary">Authority</span>, including refunding bonds, and the interest thereon are paid in full, the Commonwealth Transportation <span class="dictionary">Board</span> may use any part of funds available for the <span class="dictionary">maintenance</span> of state <span class="dictionary">highways</span> in the <span class="dictionary">highway construction</span> district in which the <span class="dictionary">Authority</span>&#x2019;s facilities are wholly or partly located to provide for such portion of the operation, <span class="dictionary">maintenance</span>, and repair of the facilities of the <span class="dictionary">Authority</span> as is deemed in the public interest; however, no part of such funds shall be used for the facilities of the <span class="dictionary">Authority</span> unless the fees, tolls, rents, rates, and other charges for the use thereof are not sufficient to make the required payments of principal and interest on the outstanding <span class="dictionary">revenue bonds</span> issued in connection therewith, and to operate, maintain, and repair the same.</p></section></text><history>2009, c. 471, &#xA7; 15.2-7005; 2014, c. 805.</history><metadata></metadata></law>
