33.1-138 - How fund expended. - Virginia Statutes

§ 33.1-138. How fund expended.

All money deposited in or transferred to the Highway Right-of-Way Fund shallbe expended by the Commonwealth Transportation Board for the acquisition ofproperties to constitute rights-of-way for highways and streets, includingthose within cities and towns. The Board shall expend such fund foracquisition of properties which will be needed for future highwayconstruction purposes, whenever the Commonwealth Transportation Commissionerdeems such acquisition necessary, due to the probability of development ofsuch properties, and after the State Right-of-Way Engineer declares promptacquisition is required to prevent such development and consequent higheracquisition and construction costs when the highway project is to beconstructed.

Such acquisition is hereby declared to be in the public interest and anyproperties so acquired are deemed to be acquired for a public use.

(Code 1950, § 33-75.6; 1964, c. 263; 1970, c. 322.)