15.2-948 - Locality may designate continuing source of revenue for mass transit. - Virginia Statutes

§ 15.2-948. Locality may designate continuing source of revenue for masstransit.

The governing body of any locality may, within the limits permitted by theConstitution, designate any of its continuing sources of revenue, or portionsthereof, as a stable and reliable source of revenue to pay its mass transitoperating and debt service expenses to the extent that such designation isrequired by the United States as a prerequisite pursuant to Public Law 96-184to the provision of funds for mass transit construction and debt servicewhich benefits any such locality.

(1980, c. 226, § 15.1-37.3:5; 1997, c. 587.)