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.
1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 47 - Transportation Improvement District in Individual Localities
§ 15.2-4700. Short title; application
§ 15.2-4702. Creation of district
§ 15.2-4703. Commission established
§ 15.2-4704. Creation of district advisory boards
§ 15.2-4705. Powers and duties of commission
§ 15.2-4706. Annual special improvement tax; use of revenues
§ 15.2-4707. Jurisdiction of localities and officers, etc., not affected
§ 15.2-4708. Allocation of funds to local transportation districts
§ 15.2-4709. Reimbursement for advances to local transportation district
§ 15.2-4710. Cooperation between districts and other political subdivisions
§ 15.2-4712. Approval by Commonwealth Transportation Board
§ 15.2-4713. Enlargement of local districts
§ 15.2-4714. Abolition of local transportation districts
§ 15.2-4715. Chapter to constitute complete district for acts authorized; liberal construction