2014 Virginia Code
Title 33.1 - Highways, Bridges and Ferries
§ 33.1-223.4. (Repealed effective October 1, 2014) Creation and management of Fund
There shall be a permanent revolving fund known as the Virginia Alternative Fuels Revolving Fund.
The goal of the Fund shall be:
1. To improve air quality in Virginia.
2. To reduce dependence on imported fuels.
3. To reduce the costs of the purchase and operation of publicly owned vehicles in Virginia, including costs of fuel, life of the vehicle and personnel costs.
4. To improve the economy of Virginia.
5. To accomplish such goals by loans or grants, with matching grants to be given preference.
6. To include all kinds of alternative fuels, including but not limited to, electric, hydrogen, and natural gas-powered vehicles.
7. To improve infrastructure such as refueling stations.
The Fund shall be comprised of (i) sums appropriated to it by the General Assembly, (ii) receipts by the Fund from loans made by it, (iii) all income from the investment of moneys held by the Fund, and (iv) any other sums designated for deposit to the Fund from any source, public or private. The Fund shall be administered and managed by the Commissioner and shall be used solely for the purpose of financing programs as provided in ยง 33.1-223.7.
1992, cc. 351, 389; 1994, c. 216; 2010, c. 134.
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