Code of Virginia § 33.2-1524.1. Transportation Trust Fund.

191 words·~1 min read·/va/title-33-2/chapter-15/33-2-1524-1·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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 .