2011 Code of Virginia
Title 46.2 MOTOR VEHICLES.
Chapter 6 Titling and Registration of Motor Vehicles (46.2-600 thru 46.2-769)
46.2-702.1 (Contingent expiration - see Editor's note) Distribution of certain revenue.
46.2-702.1. (Contingent expiration - see Editor's note) Distribution of certain revenue.
A. Except as provided in subsection B, the net additional revenues generated by increases in the registration fees under 46.2-694, 46.2-694.1, and 46.2-697 pursuant to enactments of the 2007 Session of the General Assembly, shall be deposited into the Highway Maintenance and Operating Fund.
B. In the case of vehicles registered under the International Registration Plan, an amount that is approximately equal to the net additional revenues generated by increases in the registration fees under 46.2-694, 46.2-694.1, and 46.2-697 that are in regard to such vehicles pursuant to enactments of the 2007 Session of the General Assembly shall be deposited into the Highway and Maintenance Operating Fund.
C. For purposes of this title, "net additional revenues" shall mean the additional revenues provided pursuant to enactments of the 2007 Session of the General Assembly minus any refunds or remittances required to be paid.
(2007, c. 896.)
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