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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 33.2. Highways and Other Surface Transportation Systems |
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SUBTITLE III. Transportation Funding and Development |
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CHAPTER 15. Transportation Funding |
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ARTICLE 3. Funds for Access Roads |
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SECTION 33.2-1509.1. Moratorium on repayment of funds allocated for access roads program |
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Notwithstanding a resolution adopted by a locality or surety bond issued by a locality guaranteeing repayment within five years of an allocation by the Commonwealth Transportation Board, no locality that has been allocated funds for a bonded project by the Commonwealth Transportation Board pursuant to § 33.2-1509 shall repay such funds within a 48-month period beginning on March 16, 2017, provided that all of the other conditions of the Commonwealth Transportation Board's economic development access policy are met. |