                                 CODE OF VIRGINIA

 CESSATION OF TOLLS (§ 33.2-1721)

When the particular revenue bonds issued for any project and the interest
thereon have been paid, or a sufficient amount has been provided for their
payment and continues to be held for that purpose, the Board shall cease to
charge tolls for the use of such project and thereafter such project shall be
free; however, the Board may thereafter charge tolls for the use of any such
project when tolls are required for maintaining, repairing, operating,
improving, and reconstructing such project; when such tolls have been or are
pledged by the Board to the payment of revenue bonds issued under the provisions
of this chapter for another project on approval of the General Assembly; or when
such tolls are designated by the Board to be deposited into the Transportation
Trust Fund. However, any such pledge of tolls of a project to the payment of
bonds issued for another project shall not be effective until the principal and
interest of the bonds issued for the first mentioned project has been paid or
provision made for their payment.
		The provisions of this section shall also apply to tolls on projects
constructed pursuant to (i) the Chesapeake Bay Bridge and Tunnel District and
Commission established in Chapter 22 (§ 33.2-2200 et seq.) and (ii) the
Richmond Metropolitan Transportation Authority established in Chapter 29 (§
33.2-2900 et seq.), provided their governing bodies have acted as set forth in
subdivision A 3 of § 33.2-1524.

HISTORY: Code 1950, § 33-247; 1970, c. 322, § 33.1-287; 1986, Sp. Sess., c.
13;  2009, c. 471; 2014, cc. 469, 805.