33.1-221.1:6 - Interstate 66 Economic Development Program Fund - Virginia Statutes

§ 33.1-221.1:6. Interstate 66 Economic Development Program Fund.

A. There is hereby created in the Department of Treasury a specialnonreverting fund which shall be a part of the Transportation Trust Fund andwhich shall be known as the Interstate 66 Economic Development Program Fund(the I-66 Fund), consisting of such funds as may be appropriated by theGeneral Assembly from time to time, and any other funds from private or localsources. Any moneys remaining in the I-66 Fund at the end of a biennium shallnot revert to the general fund, but shall remain in the I-66 Fund. Theamounts in the I-66 Fund shall be used to pay the cost of the projects whichcomprise the Interstate 66 Economic Development Program as defined in §33.1-221.1:4.

B. In the event the Commonwealth Transportation Board determines from time totime that funds in the I-66 Fund are in excess of those required to providefor payment of obligations, then such excess funds, subject to theirappropriation by the General Assembly, may be transferred to theTransportation Trust Fund for allocation purposes pursuant to § 33.1-23.1 A.

(2000, cc. 729, 758.)