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2017 SESSION
17102699DBe it enacted by the General Assembly of Virginia:
1. § 1. Notwithstanding a resolution adopted by a
locality or surety bond issued by a locality guaranteeing repayment within five
years of an allocation by the Commonwealth Transportation Board, no locality
that has been allocated funds for a bonded project by the Commonwealth
Transportation Board pursuant to § 33.2-1509 of the Code of Virginia shall
repay such funds within a [ 36 48 ] -month period
beginning on the effective date of this act.
2. That an emergency exists and this act is in force from its passage.