Bill Text: VA HB5001 | 2013 | 1st Special Session | Enrolled
Bill Title: Transportation; funds for certain localities.
Spectrum: Bipartisan Bill
Status: (Passed) 2013-05-03 - Governor: Acts of Assembly Chapter text (CHAP0001) [HB5001 Detail]
Download: Virginia-2013-HB5001-Enrolled.html
Be it enacted by the General Assembly of Virginia: 1. That §33.1-23.5:1, as it shall become effective, of the Code of Virginia is amended and reenacted as follows: §33.1-23.5:1. Funds for counties which have withdrawn or elect to withdraw from the secondary system of state highways. Notwithstanding the provisions of §33.1-23.5, pursuant to
subsection A of §33.1-23.1, the Commonwealth Transportation Board shall make
the following payments to counties which have withdrawn or elect to withdraw
from the secondary system of state highways under the provisions of §11 of
Chapter 415 of the Acts of Assembly of 1932, and which have not elected to
return: to any county having withdrawn prior to June 30, 1985, and having an
area greater than 100 square miles, an amount equal to $12,529 per Payment of the funds shall be made in four equal sums, one in each quarter of the fiscal year, and shall be reduced, in the case of each such county, by the amount of federal-aid construction funds credited to each such county. The chief administrative officer of such counties receiving such funds shall make annual reports of expenditures to the Board, in such form as the Board shall prescribe, accounting for all expenditures, including delineation between construction and maintenance expenditures and reporting on their performance as specified in subdivision B 3 of §33.1-23.02. Such reports shall be included in the scope of the annual audit of each county conducted by independent certified public accountants. |