CODE OF VIRGINIA

COMMONWEALTH SPACE FLIGHT FUND, COMMONWEALTH PORT FUND, COMMONWEALTH AIRPORT
FUND, AND COMMONWEALTH MASS TRANSIT FUND (§ 33.2-1526)

Of the funds becoming part of the Transportation Trust Fund pursuant to
subdivision 2 of § 33.2-1524, an aggregate of 4.2 percent shall be set aside as
the Commonwealth Port Fund as established in subdivision A 2 of § 58.1-638; an
aggregate of 2.4 percent shall be set aside as the Commonwealth Airport Fund as
established in subdivision A 3 of § 58.1-638; and an aggregate of 14.7 percent
shall be set aside as the Commonwealth Mass Transit Fund as established in
subdivision A 4 of § 58.1-638. Beginning with the Commonwealth’s
2012-2013 fiscal year through the Commonwealth’s 2023-2024 fiscal year,
each fiscal year from the funds becoming part of the Transportation Trust Fund
pursuant to subdivision 2 of § 33.2-1524 the Comptroller shall transfer $ 15.8
million to the Commonwealth Space Flight Fund as established in subdivision A 3a
of § 58.1-638. The remaining funds deposited into or held in the Transportation
Trust Fund pursuant to subdivision 2 of § 33.2-1524, together with funds
deposited pursuant to subdivisions 1 and 4 of § 33.2-1524, shall be expended
for capital improvements, including construction, reconstruction, maintenance,
and improvements of highways according to the provisions of subsection C or D of
§ 33.2-358 or to secure bonds issued for such purposes, as provided by the
Board and the General Assembly.

HISTORY: 1986, Sp. Sess., c. 13, § 33.1-23.03:2; 1998, cc. 905, 907; 2012, cc.
779, 817; 2014, c. 805; 2015, c. 684; 2016, cc. 299, 345.