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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62323</law_id><section_number>56-552</section_number><catch_line>Improvement Fund</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="56">Public Service Companies</unit><unit label="chapter" level="2" order_by="1" identifier="20">Virginia Highway Corporation Act of 1988</unit></structure><text>
						<section><p>There shall be a fund established by the Commonwealth Transportation <span class="dictionary">Board</span>, from the <span class="dictionary">toll</span> revenues described in this section, for the purpose of funding transportation improvements which are related to or affected by the <span class="dictionary">toll</span> road. <span class="dictionary">Toll</span> <span class="dictionary">rates</span> shall be set in multiples of five cents; however, the <span class="dictionary">Commission</span> shall <span class="dictionary">order</span> that that percentage of each <span class="dictionary">toll</span> by which the <span class="dictionary">toll</span> established exceeds that necessary to provide the <span class="dictionary">operator</span> with an amount necessary to meet the <span class="dictionary">operator</span>&#x2019;s obligations under &#xA7;&#xA0;<a class="law" title="Powers and duties of roadway operator" href="/56-543/">56-543</a> and earn a reasonable return shall be committed to the fund. In addition the <span class="dictionary">operator</span>, the <span class="dictionary">Board</span>, and the local governments through which the road passes may jointly <span class="dictionary">petition</span> the <span class="dictionary">Commission</span> to establish an additional <span class="dictionary">toll</span> amount to be committed to this fund.</p></section></text><history>1988, c. 649.</history><metadata></metadata></law>
