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Current as of January 01, 2025 | Updated by FindLaw Staff
There is hereby created in the Department of Treasury a special nonreverting fund to be known as the Transportation Trust Fund, consisting of funds distributed from the Commonwealth Transportation Fund pursuant to § 33.2-1524. The revenues deposited pursuant to subdivision B 1 of § 33.2-1524 shall be distributed during the year to result in the following:
1. For construction programs pursuant to § 33.2-358, 53 percent;
2. To the Commonwealth Mass Transit Fund established pursuant to § 33.2-1526, 23 percent;
3. To the Commonwealth Rail Fund established pursuant to § 33.2-1526.4, 7.5 percent;
4. To the Commonwealth Port Fund established pursuant to § 33.2-1526.5, 2.5 percent;
5. To the Commonwealth Aviation Fund established pursuant to § 33.2-1526.6, 1.5 percent;
6. To the Commonwealth Space Flight Fund established pursuant to § 33.2-1526.7, one percent;
7. To the Priority Transportation Fund established pursuant to § 33.2-1527, 10.5 percent; and
8. To a special fund within the Commonwealth Transportation Fund in the state treasury, one percent to be used to meet the necessary expenses of the Department of Motor Vehicles.
Cite this article: FindLaw.com - Virginia Code Title 33.2. Highways and Other Surface Transportation Systems § 33.2-1524.1. Transportation Trust Fund - last updated January 01, 2025 | https://codes.findlaw.com/va/title-33-2-highways-and-other-surface-transportation-systems/va-code-sect-33-2-1524-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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