US Laws, Codes, Statutes & Cases

§ 15.2-948. Locality may designate continuing source of revenue for mass transit.

The governing body of any locality may, within the limits permitted by the Constitution, designate any of its continuing sources of revenue, or portions thereof, as a stable and reliable source of revenue to pay its mass transit operating and debt service expenses to the extent that such designation is required by the United States as a prerequisite pursuant to Public Law 96-184 to the provision of funds for mass transit construction and debt service which benefits any such locality.

(1980, c. 226, § 15.1-37.3:5; 1997, c. 587.)