Code of Virginia
Chapter 17 - Transportation Development and Revenue Bond Act
§ 33.2-1718. Revenues

The Board shall fix and revise as may be necessary tolls for the use of each project for which bonds are issued or proposed to be issued under the provisions of this chapter and shall charge and collect the same and may contract with any person, partnership, association, or corporation desiring the use of such project, approaches, and appurtenances, and any part thereof, for placing thereon water, gas, or oil pipelines or telephone, telegraph, electric light, or power lines, or for any other purpose, and may fix the terms, conditions, and rates and charges for such use. Such tolls shall be so fixed and adjusted, in respect of the aggregate of tolls from the project on account of which a single issue of bonds is issued under this chapter, as to provide a fund sufficient with other revenues of such project, if any, to pay (i) the cost of maintaining, repairing, and operating such project unless such cost shall be otherwise provided for and (ii) such bonds and the interest thereon as the same shall become due. Such tolls shall not be subject to supervision or regulation by any other state commission, board, bureau, or agency. Except for those persons exempted by § 33.2-613, it shall be unlawful for the Department or any Department employee to give or permit free passage over any project set forth in the definition of "project" in § 33.2-1700 that has been secured through the issuance of revenue bonds and which bonds are payable from the revenues of such project. Every vehicle and person shall pay the same toll as others similarly situated. Except as provided in § 33.2-613, the provisions in this section shall apply with full force and effect to vehicles and employees of the state government and governments of counties, cities, and towns or other political subdivisions and to vehicles and persons of all other categories and descriptions, public, private, eleemosynary, or otherwise.
Code 1950, § 33-245; 1956, c. 158; 1968, c. 170; 1970, c. 322, § 33.1-285; 1973, c. 215; 1981, c. 417; 1982, c. 242; 1983, c. 617; 1986, Sp. Sess., c. 13; 1988, cc. 844, 903; 2014, c. 805.

Structure Code of Virginia

Code of Virginia

Title 33.2 - Highways and Other Surface Transportation Systems

Chapter 17 - Transportation Development and Revenue Bond Act

§ 33.2-1700. Definitions

§ 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

§ 33.2-1708. Revenue bonds

§ 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

§ 33.2-1717. Trust indenture

§ 33.2-1718. Revenues

§ 33.2-1719. Reserve funds and appropriations

§ 33.2-1720. Sinking fund

§ 33.2-1721. Cessation of tolls

§ 33.2-1722. Use of certain funds by Board

§ 33.2-1723. Contributions

§ 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

§ 33.2-1728. Chapter provides alternative method

§ 33.2-1729. Chapter liberally construed