                                 CODE OF VIRGINIA

USE OF STATE HIGHWAY MAINTENANCE AND CONSTRUCTION FUNDS FOR AUTHORITY FACILITIES
(§ 33.2-2905)

Until all bonds of the Authority, including refunding bonds, and the interest
thereon are paid in full, the Commonwealth Transportation Board may use any part
of funds available for the maintenance of state highways in the highway
construction district in which the Authority&#8217;s facilities are wholly or
partly located to provide for such portion of the operation, maintenance, and
repair of the facilities of the Authority as is deemed in the public interest;
however, no part of such funds shall be used for the facilities of the Authority
unless the fees, tolls, rents, rates, and other charges for the use thereof are
not sufficient to make the required payments of principal and interest on the
outstanding revenue bonds issued in connection therewith, and to operate,
maintain, and repair the same.

HISTORY: 2009, c. 471, § 15.2-7005; 2014, c. 805.