2014 Virginia Code
Title 15.2 - Counties, Cities and Towns
§ 15.2-7005. (Repealed effective October 1, 2014) Use of state highway maintenance and construction funds for Authority facilities
Until all bonds of the Authority, including refunding bonds, whether heretofore or hereafter issued, and the interest thereon are paid in full, the Commonwealth Transportation Board may in its discretion use any part of funds available for the maintenance of state highways in the construction district in which the Authority's facilities are wholly or partly located, to provide for such portion of the operation, maintenance, and repair of the facilities of the Authority as is deemed in the public interest; however, no part of such funds shall be used for the facilities of the Authority unless the fees, tolls, rents, rates, and other charges for the use thereof are not sufficient to make the required payments of principal and interest on the outstanding revenue bonds issued in connection therewith, and to operate, maintain and repair the same.
2009, c. 471.
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
