SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2016 SESSION
16102808DBe it enacted by the General Assembly of Virginia:
1. That § 33.2-1526 of the Code of Virginia is amended and reenacted as follows:
§ 33.2-1526. 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 2 of § 33.2-1524, an aggregate of 4.2 percent shall be
set aside as the Commonwealth Port Fund as established in subdivision A 2 of §
58.1-638; an aggregate of 2.4 percent shall be set aside as the Commonwealth
Airport Fund as established in subdivision A 3 of § 58.1-638; and an aggregate
of 14.7 percent shall be set aside as the Commonwealth Mass Transit Fund as
established in subdivision A 4 of § 58.1-638. Beginning with the Commonwealth's
2012-2013 fiscal year through the Commonwealth's 2016-2017 [ 2020-2021
2023-2024 ] fiscal year, each fiscal year from the funds becoming part of
the Transportation Trust Fund pursuant to subdivision 2 of § 33.2-1524 the
Comptroller shall transfer [ $9.5 $15.8 ] million to the
Commonwealth Space Flight Fund as established in subdivision A 3a of §
58.1-638. The remaining funds deposited into or held in the Transportation
Trust Fund pursuant to subdivision 2 of § 33.2-1524, together with funds
deposited pursuant to subdivisions 1 and 4 of § 33.2-1524, shall be expended
for capital improvements, including construction, reconstruction, maintenance,
and improvements of highways according to the provisions of subsection C or D
of § 33.2-358 or to secure bonds issued for such purposes, as provided by the
Board and the General Assembly.