56-552 - Improvement Fund. - Virginia Statutes

§ 56-552. Improvement Fund.

There shall be a fund established by the Commonwealth Transportation Board,from the toll revenues described in this section, for the purpose of fundingtransportation improvements which are related to or affected by the tollroad. Toll rates shall be set in multiples of five cents; however, theCommission shall order that that percentage of each toll by which the tollestablished exceeds that necessary to provide the operator with an amountnecessary to meet the operator's obligations under § 56-543 and earn areasonable return shall be committed to the fund. In addition the operator,the Board, and the local governments through which the road passes mayjointly petition the Commission to establish an additional toll amount to becommitted to this fund.

(1988, c. 649.)