                                 CODE OF VIRGINIA

CONSTRUCTION OF HIGHWAYS AND USE OF PUBLIC FUNDS IN THE PUBLIC INTEREST (§
56-537)

The General Assembly finds that there is a compelling public need for rapid
construction of safe and efficient highways for the purpose of travel within the
Commonwealth and that it is in the public interest to encourage construction of
additional, safe, convenient, and economic highway facilities by private
parties, provided that adequate safeguards are provided against default in the
construction and operation obligations of the operators of roadways. The public
interest shall include without limitation the relative speed of the construction
of the project and the relative cost efficiency of private construction of the
project. The General Assembly further finds that the use of public funds for the
purposes set out in this section is in the public interest and that this chapter
is necessary for the public convenience, safety, and welfare.

HISTORY: 1988, c. 649; 1993, c. 732; 2022, c. 234.