There is hereby created in the Department of Treasury a special nonreverting fund to be known as the Transportation Trust Fund, consisting of funds distributed from the Commonwealth Transportation Fund pursuant to § 33.2-1524. The revenues deposited pursuant to subdivision B 1 of § 33.2-1524 shall be distributed during the year to result in the following:
1. For construction programs pursuant to § 33.2-358, 53 percent;
2. To the Commonwealth Mass Transit Fund established pursuant to § 33.2-1526, 23 percent;
3. To the Commonwealth Rail Fund established pursuant to § 33.2-1526.4, 7.5 percent;
4. To the Commonwealth Port Fund established pursuant to § 33.2-1526.5, 2.5 percent;
5. To the Commonwealth Aviation Fund established pursuant to § 33.2-1526.6, 1.5 percent;
6. To the Commonwealth Space Flight Fund established pursuant to § 33.2-1526.7, one percent;
7. To the Priority Transportation Fund established pursuant to § 33.2-1527, 10.5 percent; and
8. To a special fund within the Commonwealth Transportation Fund in the state treasury, one percent to be used to meet the necessary expenses of the Department of Motor Vehicles.
2020, cc. 1230, 1275.
Structure Code of Virginia
Title 33.2 - Highways and Other Surface Transportation Systems
Chapter 15 - Transportation Funding
§ 33.2-1500. Legislative findings and purposes
§ 33.2-1502. Creation of the Virginia Transportation Infrastructure Bank
§ 33.2-1503. Eligibility and project selection
§ 33.2-1504. Grants from the Commonwealth Transportation Board
§ 33.2-1505. Project obligations
§ 33.2-1506. Exemption from taxation; exemption from Virginia Public Procurement Act
§ 33.2-1507. Reporting requirement
§ 33.2-1509.1. Moratorium on repayment of funds allocated for access roads program
§ 33.2-1512. Authorization of Notes
§ 33.2-1513. Use of proceeds of Notes
§ 33.2-1515. Form and manner of execution; signature of person ceasing to be officer
§ 33.2-1516. Authority to obtain GARVEE approval
§ 33.2-1518. Deposit of proceeds
§ 33.2-1520. Application of project-specific reimbursements
§ 33.2-1521. Investment of proceeds and other amounts
§ 33.2-1522. Exemption from taxation
§ 33.2-1523. Notes as eligible securities
§ 33.2-1524. Commonwealth Transportation Fund
§ 33.2-1524.1. Transportation Trust Fund
§ 33.2-1525. Administration of Transportation Trust Fund
§ 33.2-1526. Commonwealth Mass Transit Fund
§ 33.2-1526.1. Use of the Commonwealth Mass Transit Fund
§ 33.2-1526.2. Commonwealth Transit Capital Fund
§ 33.2-1526.3. (Effective until July 1, 2024) Transit Ridership Incentive Program
§ 33.2-1526.3. (Effective July 1, 2024) Transit Ridership Incentive Program
§ 33.2-1526.4. Commonwealth Rail Fund
§ 33.2-1526.5. Commonwealth Port Fund
§ 33.2-1526.6. Commonwealth Aviation Fund
§ 33.2-1526.7. Commonwealth Space Flight Fund
§ 33.2-1527. Priority Transportation Fund
§ 33.2-1528. Concession Payments Account
§ 33.2-1529. Toll Facilities Revolving Account
§ 33.2-1529.1. Transportation Partnership Opportunity Fund
§ 33.2-1530. Highway Maintenance and Operating Fund