                                 CODE OF VIRGINIA

COMMONWEALTH MASS TRANSIT FUND (§ 33.2-1526)

A. There is hereby created in the State Treasury a special nonreverting fund
that shall be a part of the Transportation Trust Fund and shall be known as the
Commonwealth Mass Transit Fund (the Fund). The Fund shall be established on the
books of the Comptroller and any funds remaining in the Fund at the end of the
biennium shall not revert to the general fund but shall remain in the Fund.
Interest earned on such funds shall be credited to the Fund.

B. The amounts allocated to the Fund pursuant to &#xA7; 33.2-1526.1 shall be
used to support the operating, capital, and administrative costs of public
transportation at a state share determined by the Board, and such amounts may be
used to support the capital project costs of public transportation and
ridesharing equipment, facilities, and associated costs at a state share
determined by the Board. Capital costs may include debt service payments on
local or agency transit bonds.

HISTORY: 1986, Sp. Sess., c. 13, § 33.1-23.03:2; 1998, cc. 905, 907; 2012, cc.
779, 817; 2014, c. 805; 2015, c. 684; 2016, cc. 299, 345; 2020, cc. 1230, 1275.