                                 CODE OF VIRGINIA

CONTINUED RESPONSIBILITIES FOR LOCAL TRANSIT FUNDING (§ 33.2-3712)

No locality embraced by the Authority shall reduce its local funding for public
transit by more than 50 percent of what it appropriated for public transit as of
July 1, 2019. Starting in fiscal year 2023, the amount required to be provided
by a locality pursuant to this section shall be adjusted annually based on the
greater of (i) the change in the United States Average Consumer Price Index for
all items, all urban consumers (CPI-U), as published by the Bureau of Labor
Statistics for the U.S. Department of Labor for the previous year, or (ii) zero.

HISTORY: 2020, c. 1235.