2014 Virginia Code
Title 33.1 - Highways, Bridges and Ferries
§ 33.1-23.03:2. (Repealed effective October 1, 2014) Commonwealth Space Flight Fund, Commonwealth Port Fund, Commonwealth Airport Fund and Commonwealth Mass Transit Fund

Of the funds becoming part of the Transportation Trust Fund pursuant to subdivision 3 of § 33.1-23.03:1, an aggregate of 4.2 percent shall be set aside as the Commonwealth Port Fund; an aggregate of 2.4 percent shall be set aside as the Commonwealth Airport Fund; and an aggregate of 14.7 percent shall be set aside as the Commonwealth Mass Transit Fund. Beginning with the Commonwealth's 2012-2013 fiscal year through the Commonwealth's 2016-2017 fiscal year, each fiscal year from the funds becoming part of the Transportation Trust Fund pursuant to subdivision 3 of § 33.1-23.03:1 the Comptroller shall transfer $9.5 million to the Commonwealth Space Flight Fund. The remaining funds deposited into or held in the Transportation Trust Fund pursuant to subdivision 3 of § 33.1-23.03:1, together with funds deposited pursuant to subdivisions 1 and 6 of § 33.1-23.03:1, shall be expended for capital improvements including construction, reconstruction, maintenance, and improvements of highways according to the provisions of § 33.1-23.1 B or to secure bonds issued for such purposes, as provided by the Board and the General Assembly.

1986, Sp. Sess., c. 13; 1998, cc. 905, 907; 2012, cc. 779, 817.