Virginia § 15.2-4708 Allocation of funds to local transportation districts

Virginia Statutes

§ 15.2-4708 — Allocation of funds to local transportation districts

Virginia § 15.2-4708

JurisdictionVirginia

Title 15.2Counties, Cities and Towns

Subtitle IVOther Governmental Entities

Ch. 47Transportation Improvement District in Individual Localities

Art. 1General Provisions

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Bluebook

Va. Code Ann. § 15.2-4708 (2026).

Text

The governing body that created a district pursuant to § 15.2-4702 may advance funds, or provide matching funds, from moneys not otherwise specifically allocated or obligated, from whatever source received or generated, including without limitation general revenues, special fees and assessments, state allocations, and contributions from private sources, to a local district to assist the local district to undertake the project for which it was created. The Commonwealth Transportation Board may allocate funds to a district only from the construction district or districts in which such transportation district is located pursuant to the highway allocation formula to assist the district with an approved project as provided by law.

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The governing body that created a district pursuant to § 15.2-4702 may advance funds, or provide matching funds, from moneys not otherwise specifically allocated or obligated, from whatever source received or generated, including without limitation general revenues, special fees and assessments, state allocations, and contributions from private sources, to a local district to assist the local district to undertake the project for which it was created. The Commonwealth Transportation Board may allocate funds to a district only from the construction district or districts in which such transportation district is located pursuant to the highway allocation formula to assist the district with an approved project as provided by law.