                                 CODE OF VIRGINIA

INTERSTATE 81 CORRIDOR IMPROVEMENT FUND (§ 33.2-3601)

A. There is hereby created in the state treasury a special nonreverting fund to
be known as the Interstate 81 Corridor Improvement Fund. The Fund shall be
established on the books of the Comptroller. All revenues dedicated to the Fund
pursuant to &#xA7;&#xA7; 33.2-372 and 58.1-2299.20, any other funds that may be
appropriated by the General Assembly, and any funds that may be received for
credit to the Fund from any other sources shall be paid into the state treasury
and credited to the Fund. Interest earned on moneys in the Fund shall remain in
the Fund and be credited to it. Any moneys remaining in the Fund, including
interest thereon, at the end of each fiscal year shall not revert to the general
fund but shall remain in the Fund.

B. Moneys in the Fund shall be used only for capital, operating, and other
improvement costs identified in the Plan.

C. The amounts deposited into the Fund and the distribution and expenditure of
such amounts shall not be used to calculate or reduce the share of federal,
state, or local revenues otherwise available to jurisdictions along the
Interstate 81 corridor. Further, such revenues and moneys shall not be included
in any computation of, or formula for, a locality&#8217;s ability to pay for
public education, upon which appropriations of state revenues to local
governments for public education are determined.

HISTORY: 2019, cc. 837, 846; 2020, cc. 1230, 1275.