The Board may provide by resolution, at one time or from time to time, for the issuance of revenue bonds, notes, or other revenue obligations of the Commonwealth for the purpose of paying all or any part of the cost, as defined in § 33.2-1700, of any one or more projects, as defined in § 33.2-1700. The principal or purchase price of, and redemption premium, if any, and interest on such obligations shall be payable solely from the special funds herein provided for such payment. For the purposes of this section, "special funds" includes any funds established for Commonwealth of Virginia Toll Revenue Bonds, Commonwealth of Virginia Transportation Contract Revenue Bonds, Commonwealth of Virginia Transportation Revenue Bonds, Commonwealth of Virginia Interstate 81 Program Revenue Bonds, Commonwealth of Virginia Federal Highway Reimbursement Anticipation Notes, or Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes, or Commonwealth of Virginia Passenger Rail Facilities Bonds.
Code 1950, § 33-236; 1970, c. 322, § 33.1-276; 1988, cc. 844, 903; 1989, Sp. Sess., cc. 9, 11; 2000, cc. 1019, 1044; 2011, cc. 830, 868; 2014, c. 805; 2020, cc. 1230, 1275.
Structure Code of Virginia
Title 33.2 - Highways and Other Surface Transportation Systems
Chapter 17 - Transportation Development and Revenue Bond Act
§ 33.2-1701. General powers of Commonwealth Transportation Board
§ 33.2-1702. Acquisition and construction of projects
§ 33.2-1703. Purchase of projects
§ 33.2-1704. Condemnation of projects and property
§ 33.2-1705. Improvement of projects acquired
§ 33.2-1706. Construction of projects
§ 33.2-1707. Highway connections
§ 33.2-1709. Credit of Commonwealth not pledged
§ 33.2-1710. Form and terms of bonds
§ 33.2-1711. No other prerequisites to issue of bonds
§ 33.2-1712. Limitations and approvals for certain revenue bonds
§ 33.2-1713. Sale of bonds; bonds as legal investments
§ 33.2-1714. Use of proceeds of sale of bonds
§ 33.2-1715. Financing two or more projects together
§ 33.2-1716. All moneys to be trust funds
§ 33.2-1719. Reserve funds and appropriations
§ 33.2-1721. Cessation of tolls
§ 33.2-1722. Use of certain funds by Board
§ 33.2-1724. Remedies of bondholders and trustee
§ 33.2-1725. Competing bridges, ferries, and tunnels
§ 33.2-1726. Incidental powers of the Board
§ 33.2-1727. Revenue refunding bonds and revenue bonds for combined purposes