                                 CODE OF VIRGINIA

COMMONWEALTH TRANSPORTATION FUND (§ 33.2-1524)

A. There is hereby created in the Department of the Treasury a special
nonreverting fund to be known as the Commonwealth Transportation Fund (the
Fund). The Fund shall be established on the books of the Comptroller. Any moneys
remaining in the Fund at the end of the year shall not revert to the general
fund but shall remain in the Fund. The Fund shall consist of all funds
appropriated to the Fund and all funds dedicated to the Fund pursuant to law,
including:

   1. Revenues pursuant to &#xA7;&#xA7; 58.1-2289 and 58.1-2701;

   2. Revenues pursuant to subsections A and G of &#xA7; 58.1-638 and &#xA7;
   58.1-638.3;

   3. Tolls and other revenues derived from the projects financed or refinanced
   pursuant to this title that are payable into the state treasury and tolls and
   other revenues derived from other transportation projects, which may include
   upon the request of the applicable appointed local governing body, as soon as
   their obligations have been satisfied, such tolls and revenue derived for
   transportation projects pursuant to the Chesapeake Bay Bridge and Tunnel
   District and Commission established in Chapter 22 (&#xA7; 33.2-2200 et seq.)
   and to the Richmond Metropolitan Transportation Authority established in
   Chapter 29 (&#xA7; 33.2-2900 et seq.), or if the appointed local governing
   body requests refunding or advanced refunding by the Board and such refunding
   or advanced refunding is approved by the General Assembly. Such funds shall be
   held in separate subaccounts of the Commonwealth Transportation Fund to the
   extent required by law or the Board;

   4. Revenues pursuant to &#xA7; 58.1-2425;

   5. Revenues pursuant to subdivisions A 1 through 12 of &#xA7; 46.2-694 and
   &#xA7;&#xA7; 46.2-694.1, 46.2-697, and 46.2-697.2, except where provided
   elsewhere in such sections and excluding revenues deposited into a special
   fund for the Department of Motor Vehicles pursuant to &#xA7; 46.2-686;

   6. Revenues pursuant to &#xA7; 58.1-1741;

   7. Revenues pursuant to &#xA7; 58.1-815.4;

   8. Revenues from &#xA7; 58.1-2249;

   9. Such other funds as may be appropriated by the General Assembly from time
   to time and designated for the Commonwealth Transportation Fund;

   10. All interest, dividends, and appreciation that may accrue to the
   Transportation Trust Fund established pursuant to &#xA7; 33.2-1524.1 and the
   Highway Maintenance and Operating Fund established pursuant to &#xA7;
   33.2-1530;

   11. All amounts required by contract to be paid over to the Commonwealth
   Transportation Fund;

   12. Concession payments paid to the Commonwealth by a private entity pursuant
   to the Public-Private Transportation Act of 1995 (&#xA7; 33.2-1800 et seq.);
   and

   13. Revenues pursuant to &#xA7; 58.1-2531.

B. Funds in the Fund shall be distributed as follows:

   1. Of the funds from subdivisions A 1, 2, 4 through 8, and 13: (i) 51 percent
   to the Highway Maintenance and Operating Fund established pursuant to &#xA7;
   33.2-1530 and (ii) 49 percent to the Transportation Trust Fund established
   pursuant to &#xA7; 33.2-1524.1;

   2. The funds from subdivisions A 3 and 12 shall be deposited into the
   Transportation Trust Fund established pursuant to &#xA7; 33.2-1524.1;

   3. Of the funds from subdivision A 10: (i) two-thirds shall be deposited in
   the Virginia Transportation Infrastructure Bank established pursuant to
   Article 1 (&#xA7; 33.2-1500 et seq.) and (ii) one-third shall be deposited
   into the Transportation Partnership Opportunity Fund established pursuant to
   &#xA7; 33.2-1529.1.

C. From funds available pursuant to subsection B, (i) $40 million annually shall
be deposited into the Route 58 Corridor Development Fund pursuant to &#xA7;
33.2-2300, (ii) $40 million annually shall be deposited into the Northern
Virginia Transportation District Fund pursuant to &#xA7; 33.2-2400, and (iii)
$80 million annually shall be deposited into the Special Structure Fund pursuant
to &#xA7; 33.2-1532, though the amount deposited shall be adjusted annually
based on the greater of (a) the change in the United States Average Consumer
Price Index for all items, all urban consumers (CPI-U), as published by the
Bureau of Labor Statistics of the U.S. Department of Labor or (b) zero. Such
deposits may be made in one or more installments.

HISTORY: 1986, Sp. Sess., c. 13, § 33.1-23.03:1; 1988, cc. 844, 903; 1991, cc.
666, 713; 1992, c. 108; 1993, c. 793; 2006, c. 922; 2009, c. 471; 2014, c. 805;
2014, cc. 469, 805; 2020, cc. 1230, 1275; 2025, c. 327.