Wednesday, December 3, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB476: Road indebtedness, local; state to match funds generated by transportation referendum.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding in Chapter 4 of Title 33.1 an article numbered 4, consisting of a section numbered 33.1-335.1, as follows:
§ 33.1-335.1. Matching state funds.
Whenever a county incurs road indebtedness under this chapter, the Commonwealth shall appropriate funds to match the dollars generated by the local transportation bond referendum. Such funds appropriated by the Commonwealth shall not be used by the locality for debt service, nor shall the appropriation be deemed to constitute a pledge of the full faith and credit of the Commonwealth.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.