                                 CODE OF VIRGINIA

TRANSFER TO COMMONWEALTH (§ 33.2-2213)

Except as provided in this section, when all bonds issued under the provisions
of this chapter in connection with the project and the interest thereon have
been paid or a sufficient amount for the payment of all such bonds and the
interest thereon to the maturity thereof has been set aside in trust for the
benefit of the bondholders, the project, if then in good condition and repair,
shall become a part of the primary state highway system and shall thereafter be
maintained by the Commonwealth Transportation Board free of tolls. The
Commission may, in any resolution or trust indenture authorizing or securing
bonds under the provisions of this chapter, provide for combining the project
and any public ferry service then being operated by the Commission for financing
purposes, and for the continuance of tolls on the project and such public ferry
service until all such bonds and the interest thereon have been paid or a
sufficient amount for such purposes has been set aside in trust for the benefit
of the bondholders.

HISTORY: 1956, c. 714; 2014, c. 805.