Virginia Code 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.
Terms Used In Virginia Code 33.2-1509.1
- Board: means the Commonwealth Transportation Board. See Virginia Code 33.2-100
- Locality: has the meaning assigned to it in § 1-221. See Virginia Code 33.2-100