                                 CODE OF VIRGINIA

ANNUAL BUDGET AND ALLOCATION OF EXPENSES (§ 33.2-2605)

A. The Commission shall adopt an annual budget and develop a funding plan and
shall provide for such adoption in its bylaws. The funding plan shall provide
for the expenditure of funds over a four- to six-year period and shall align
with the Statewide Transportation Plan established pursuant to &#xA7; 33.2-353
as much as possible. The Commission shall solicit public comment on its budget
and funding plan by posting a summary of such budget and funding plan on its
website and holding a public hearing. Such public hearing shall be advertised on
the Commission&#8217;s website and in a newspaper of general circulation in
Planning District 23.

B. The administrative and operating expenses of the Commission shall be provided
in an annual budget adopted by the Commission. To the extent that funds for such
expenses are not provided from other sources, the expenses shall be paid from
the Fund and the Regional Transit Fund on an approximately pro rata basis of the
programs supported by the Fund and the Regional Transit Fund. Such budget shall
be limited solely to the administrative and operating expenses of the Commission
and shall not include any funds for construction or acquisition of
transportation facilities or the performance of any transportation service.

C. Members may be reimbursed for all reasonable and necessary expenses provided
in &#xA7;&#xA7; 2.2-2813 and 2.2-2825, if approved by the Commission. Funding
for the costs of compensation and expenses of the members shall be provided by
the Commission.

HISTORY: 2014, cc. 545, 678; 2016, cc. 603, 608; 2020, cc. 1241, 1281.