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Current as of January 01, 2025 | Updated by Findlaw Staff
No locality embraced by the Authority shall reduce its local funding for public transit by more than 50 percent of what it appropriated for public transit as of July 1, 2019. Starting in fiscal year 2023, the amount required to be provided by a locality pursuant to this section shall be adjusted annually based on the greater of (i) the change in the United States Average Consumer Price Index for all items, all urban consumers (CPI-U), as published by the Bureau of Labor Statistics for the U.S. Department of Labor for the previous year, or (ii) zero.
Cite this article: FindLaw.com - Virginia Code Title 33.2. Highways and Other Surface Transportation Systems § 33.2-3712. Continued responsibilities for local transit funding - last updated January 01, 2025 | https://codes.findlaw.com/va/title-33-2-highways-and-other-surface-transportation-systems/va-code-sect-33-2-3712/
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 before relying on it for your legal needs.
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