Virginia Statutes
§ 33.2-1513 — Use of proceeds of Notes
Virginia § 33.2-1513
JurisdictionVirginia
Title 33.2HIGHWAYS AND OTHER SURFACE TRANSPORTATION SYSTEMS
Subtitle IIITRANSPORTATION FUNDING AND DEVELOPMENT
Ch. 15TRANSPORTATION FUNDING
Art. 4COMMONWEALTH OF VIRGINIA FEDERAL TRANSPORTATION GRANT ANTICIPATION REVENUE NOTES ACT OF 2011
This text of Virginia § 33.2-1513 (Use of proceeds of Notes) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 33.2-1513 (2026).
Text
A.The net proceeds of the Notes shall be used exclusively for the purpose of providing funds, together with any other available funds, for paying the costs incurred or to be incurred for construction or funding of such projects to be designated by the Board.
B.The proceeds of Notes, including any premium received on the sale thereof, shall be made available by the Board to pay costs of the projects and, where appropriate, may be paid to any authority, locality, commission, or other entity for the purposes of paying for costs of the projects. The proceeds of Notes may be used together with any federal, local, or private funds that may be made available for such purpose. The proceeds of Notes, together with any investment earnings thereon, may at the discretion of the Board secure the pay
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Legislative History
2011, cc. 830, 868, § 33.1-23.16; 2014, c. 805.
Nearby Sections
15
§ 33.2-100
Definitions§ 33.2-1000
Definitions§ 33.2-1002
Limitation on power of eminent domain§ 33.2-1003
Additional power to acquire lands§ 33.2-1004
Plans for acquisition of rights-of-wayCite This Page — Counsel Stack
Bluebook (online)
Virginia § 33.2-1513, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/33.2/33.2-1513.