58.1-3713.1 - Distribution of local coal road improvement tax. - Virginia Statutes

§ 58.1-3713.1. Distribution of local coal road improvement tax.

Notwithstanding any other provision of law, the incorporated towns and citysituated within the bounds of Wise County shall receive from the countytwenty percent of all revenues collected under the local coal roadimprovement tax. The shares of such twenty percent shall be computed asfollows: twenty-five percent shall be divided among the incorporated townsand the city based on the number of registered motor vehicles in each townand the city, and seventy-five percent shall be divided equally among theincorporated towns and city. Such funds shall be distributed to the treasurerof such towns and city on a quarterly basis as received by the county.

(Code 1950, § 58-266.1:3; 1982, c. 426; 1984, c. 675.)