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2007 SESSION
079346380Be it enacted by the General Assembly of Virginia:
1. That § 33.1-23.5:1 of the Code of Virginia is amended and reenacted as follows:
§ 33.1-23.5:1. Funds for counties which have withdrawn or elect to withdraw from the secondary system of state highways.
Notwithstanding the provisions of § 33.1-23.5, pursuant to
subsection A of § 33.1-23.1, the Commonwealth Transportation Board shall make
the following payments to counties which have withdrawn or elect to withdraw
from the secondary system of state highways under the provisions of § 11 of
Chapter 415 of the Acts of Assembly of 1932, and which have not elected to
return: to any county having withdrawn prior to June 30, 1985, and
having an area greater than 100 square miles, an amount equal to $3,616 per
lane-mile for fiscal year 1986, and to any county
having an area less than 100 square miles, an amount equal to $7,201 per
lane-mile for fiscal year 1986January 1, 2007, an
amount equal to $15,115 per lane-mile for fiscal year 2008; to any county that
elects to withdraw on or after January 1, 2007, but no later than December 31,
2009, an amount equal to $15,115 per lane-mile for the succeeding fiscal year;
and
to any county that elects to withdraw on or after
June
30, 1985, January 1, 2010, the Commonwealth
Transportation Board shall establish a rate per lane-mile for the first year
using (i) an amount for maintenance based on maintenance standards and unit
costs used by the Department of Transportation to prepare its secondary system
maintenance budget for the year in which the county withdraws, and (ii) an
amount for administration equal to five percent of the maintenance figure
determined in (i) above. The payment rates shall be adjusted annually by the
Board in accordance with procedures established for adjusting payments to
cities and towns under § 33.1-41.1, and lane mileage shall be adjusted annually
to include (i) streets and highways accepted for maintenance in the county
system by the local governing body, or (ii) streets and highways constructed
according to standards set forth in the county subdivision ordinance or county
thoroughfare plan, and being not less than the standards set by the Department
of Transportation. Such counties shall, in addition, each receive for
construction from funds allocated pursuant to subdivision B 3 of § 33.1-23.1 an
annual amount calculated in the same manner as payments for construction in the
state secondary highway system are calculated.
Payment of the funds shall be made in four equal sums, one in each quarter of the fiscal year, and shall be reduced, in the case of each such county, by the amount of federal-aid construction funds credited to each such county.
The chief administrative officer of such counties receiving such funds shall make annual reports of expenditures to the Board, in such form as the Board shall prescribe, accounting for all expenditures, including delineation between construction and maintenance expenditures and reporting on their performance as specified in subdivision B 3 of § 33.1-23.02. Such reports shall be included in the scope of the annual audit of each county conducted by independent certified public accountants.