33.1-23.01 - Definition of the term "allocation". - Virginia Statutes

§ 33.1-23.01. Definition of the term "allocation".

For the purposes of this article, the term "allocation" shall mean acommitment to expend funds available for construction during each fiscalyear. Funds which cannot be expended as allocated within each fiscal yearshall be identified as part of future commitments and the reason for thefailure to spend allocations shall be specifically included in the annualconstruction improvement program.

(1982, c. 418.)