Code of Virginia
Chapter 17 - Transportation Development and Revenue Bond Act
§ 33.2-1725. Competing bridges, ferries, and tunnels

No bridge or tunnel other than those specified in § 33.2-1700 for the use of the traveling public shall be constructed and operated by the Commonwealth or by any county, municipal corporation, or political subdivision of the Commonwealth, or by any agency or instrumentality, partnership, association, or corporation, within 10 miles of any terminus of any project acquired or constructed under the provisions of this chapter, and no franchise shall be granted for the operation of a ferry within 10 miles of any projects for the acquisition or construction of which revenue bonds have been authorized under this chapter, except under a written permit granted by the Board, which is hereby exclusively authorized to grant such permits under the terms and conditions of this chapter. No such permit shall be granted by the Board until it ascertains by an investigation, including a hearing upon such notice and under such rules as the Board may prescribe, that there is an urgent public need for the operation of such bridge, tunnel, or ferry and that its operation will not affect the revenues of any such project of the Commonwealth so as to impair the security of any revenue bonds issued for the acquisition or construction of such project.
The distance of 10 miles specified in this section shall be measured in a straight line between the nearest points of such projects. However, nothing in this chapter shall apply to an existing ferry route, temporarily discontinued, if the ferry was established prior to 1940.
Code 1950, § 33-251; 1950, p. 147; 1954, c. 319; 1970, c. 322, § 33.1-291; 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