                                 CODE OF VIRGINIA

APPLICABILITY OF §§ 33.2-300 THROUGH 33.2-305 TO TOLL PROJECTS (§ 33.2-306)

The provisions of §§ 33.2-300 through 33.2-305 shall not become effective with
respect to those segments of the Interstate System constructed and financed as
toll projects until the revenue bonds and the interest thereon issued on account
of such toll projects have been paid or a sufficient amount for the payment of
all such bonds and the interest to maturity thereon has been set aside in trust
for the benefit of the respective bondholders. When the bonds and interest
thereon, outstanding on account of such projects, have been paid or a sufficient
amount for the payment of such bonds and the interest thereon to the maturity
thereof has been so set aside in trust, and when the Board has by formal action,
recorded in its minutes, determined the existence of such fact, then the
provisions of §§ 33.2-300 through 33.2-308 shall fully apply to such projects.

HISTORY: Code 1950, § 33-36.8; 1958, c. 589; 1970, c. 322, § 33.1-54; 2014, c.
805.