{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/33.2-1712.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/33.2-1712.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/33.2-1712.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/33.2-1712.html"}],"law_id":359906,"edition_id":2,"section_id":359906,"structure_id":51497,"section_number":"33.2-1712","catch_line":"Limitations and approvals for certain revenue bonds","history":"1986, Sp. Sess., c. 13, \u00a7 33.1-279.1; 1988, cc. 844, 903; 2014, c. 805.","full_text":"No bonds payable from the Transportation Trust Fund revenues under a payment agreement between the Board and the Treasury Board and payable first from revenues of that Fund received pursuant to contracts with a primary highway transportation improvement district or a transportation service district shall be issued unless specifically included in a bill or resolution passed by the General Assembly. The Treasury Board is designated the sales and paying agent of the Board with respect to such bonds.\n\n","order_by":null,"text":{"0":{"id":1339149,"text":"No bonds payable from the Transportation Trust Fund revenues under a payment agreement between the Board and the Treasury Board and payable first from revenues of that Fund received pursuant to contracts with a primary highway transportation improvement district or a transportation service district shall be issued unless specifically included in a bill or resolution passed by the General Assembly. The Treasury Board is designated the sales and paying agent of the Board with respect to such bonds.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51497,"edition_id":2,"name":"Transportation Development and Revenue Bond Act","identifier":"17","label":"chapter","depth":3,"order_by":3,"parent_id":51487,"metadata":{"child_laws":30,"child_structures":0},"date_created":"2026-08-02 02:42:57","date_modified":"2026-08-02 12:32:35","permalink":{"id":1433697,"object_type":"structure","relational_id":51497,"identifier":"17","token":"33.2\/III\/17","url":"\/33.2\/III\/17\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51487,"edition_id":2,"name":"Transportation Funding and Development","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":51472,"metadata":{"child_laws":108,"child_structures":13},"date_created":"2026-08-02 02:42:51","date_modified":"2026-08-02 12:32:33","permalink":{"id":1433485,"object_type":"structure","relational_id":51487,"identifier":"III","token":"33.2\/III","url":"\/33.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51472,"edition_id":2,"name":"Highways and Other Surface Transportation Systems","identifier":"33.2","label":"title","depth":1,"order_by":77,"parent_id":null,"metadata":{"child_laws":749,"child_structures":88},"date_created":"2026-08-02 02:42:40","date_modified":"2026-08-02 12:32:28","permalink":{"id":1431787,"object_type":"structure","relational_id":51472,"identifier":"33.2","token":"33.2","url":"\/33.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":359894,"structure_id":51497,"section_number":"33.2-1700","catch_line":"Definitions","url":"\/33.2-1700\/","token":"33.2\/III\/17\/33.2-1700","metadata":false},{"id":359895,"structure_id":51497,"section_number":"33.2-1701","catch_line":"General powers of Commonwealth Transportation Board","url":"\/33.2-1701\/","token":"33.2\/III\/17\/33.2-1701","metadata":false},{"id":359896,"structure_id":51497,"section_number":"33.2-1702","catch_line":"Acquisition and construction of projects","url":"\/33.2-1702\/","token":"33.2\/III\/17\/33.2-1702","metadata":false},{"id":359897,"structure_id":51497,"section_number":"33.2-1703","catch_line":"Purchase of projects","url":"\/33.2-1703\/","token":"33.2\/III\/17\/33.2-1703","metadata":false},{"id":359898,"structure_id":51497,"section_number":"33.2-1704","catch_line":"Condemnation of projects and property","url":"\/33.2-1704\/","token":"33.2\/III\/17\/33.2-1704","metadata":false},{"id":359899,"structure_id":51497,"section_number":"33.2-1705","catch_line":"Improvement of projects acquired","url":"\/33.2-1705\/","token":"33.2\/III\/17\/33.2-1705","metadata":false},{"id":359900,"structure_id":51497,"section_number":"33.2-1706","catch_line":"Construction of projects","url":"\/33.2-1706\/","token":"33.2\/III\/17\/33.2-1706","metadata":false},{"id":359901,"structure_id":51497,"section_number":"33.2-1707","catch_line":"Highway connections","url":"\/33.2-1707\/","token":"33.2\/III\/17\/33.2-1707","metadata":false},{"id":359902,"structure_id":51497,"section_number":"33.2-1708","catch_line":"Revenue bonds","url":"\/33.2-1708\/","token":"33.2\/III\/17\/33.2-1708","metadata":false},{"id":359903,"structure_id":51497,"section_number":"33.2-1709","catch_line":"Credit of Commonwealth not pledged","url":"\/33.2-1709\/","token":"33.2\/III\/17\/33.2-1709","metadata":false},{"id":359904,"structure_id":51497,"section_number":"33.2-1710","catch_line":"Form and terms of bonds","url":"\/33.2-1710\/","token":"33.2\/III\/17\/33.2-1710","metadata":false},{"id":359905,"structure_id":51497,"section_number":"33.2-1711","catch_line":"No other prerequisites to issue of bonds","url":"\/33.2-1711\/","token":"33.2\/III\/17\/33.2-1711","metadata":false},{"id":359906,"structure_id":51497,"section_number":"33.2-1712","catch_line":"Limitations and approvals for certain revenue bonds","url":"\/33.2-1712\/","token":"33.2\/III\/17\/33.2-1712","metadata":false},{"id":359907,"structure_id":51497,"section_number":"33.2-1713","catch_line":"Sale of bonds; bonds as legal investments","url":"\/33.2-1713\/","token":"33.2\/III\/17\/33.2-1713","metadata":false},{"id":359908,"structure_id":51497,"section_number":"33.2-1714","catch_line":"Use of proceeds of sale of bonds","url":"\/33.2-1714\/","token":"33.2\/III\/17\/33.2-1714","metadata":false},{"id":359909,"structure_id":51497,"section_number":"33.2-1715","catch_line":"Financing two or more projects together","url":"\/33.2-1715\/","token":"33.2\/III\/17\/33.2-1715","metadata":{"court_decisions":""}},{"id":359910,"structure_id":51497,"section_number":"33.2-1716","catch_line":"All moneys to be trust funds","url":"\/33.2-1716\/","token":"33.2\/III\/17\/33.2-1716","metadata":false},{"id":359911,"structure_id":51497,"section_number":"33.2-1717","catch_line":"Trust indenture","url":"\/33.2-1717\/","token":"33.2\/III\/17\/33.2-1717","metadata":false},{"id":359912,"structure_id":51497,"section_number":"33.2-1718","catch_line":"Revenues","url":"\/33.2-1718\/","token":"33.2\/III\/17\/33.2-1718","metadata":false},{"id":359913,"structure_id":51497,"section_number":"33.2-1719","catch_line":"Reserve funds and appropriations","url":"\/33.2-1719\/","token":"33.2\/III\/17\/33.2-1719","metadata":false},{"id":359914,"structure_id":51497,"section_number":"33.2-1720","catch_line":"Sinking fund","url":"\/33.2-1720\/","token":"33.2\/III\/17\/33.2-1720","metadata":false},{"id":359915,"structure_id":51497,"section_number":"33.2-1721","catch_line":" Cessation of tolls","url":"\/33.2-1721\/","token":"33.2\/III\/17\/33.2-1721","metadata":false},{"id":359916,"structure_id":51497,"section_number":"33.2-1722","catch_line":"Use of certain funds by Board","url":"\/33.2-1722\/","token":"33.2\/III\/17\/33.2-1722","metadata":false},{"id":359917,"structure_id":51497,"section_number":"33.2-1723","catch_line":"Contributions","url":"\/33.2-1723\/","token":"33.2\/III\/17\/33.2-1723","metadata":false},{"id":359918,"structure_id":51497,"section_number":"33.2-1724","catch_line":"Remedies of bondholders and trustee","url":"\/33.2-1724\/","token":"33.2\/III\/17\/33.2-1724","metadata":false},{"id":359919,"structure_id":51497,"section_number":"33.2-1725","catch_line":"Competing bridges, ferries, and tunnels","url":"\/33.2-1725\/","token":"33.2\/III\/17\/33.2-1725","metadata":false},{"id":359920,"structure_id":51497,"section_number":"33.2-1726","catch_line":"Incidental powers of the Board","url":"\/33.2-1726\/","token":"33.2\/III\/17\/33.2-1726","metadata":false},{"id":359921,"structure_id":51497,"section_number":"33.2-1727","catch_line":"Revenue refunding bonds and revenue bonds for combined purposes","url":"\/33.2-1727\/","token":"33.2\/III\/17\/33.2-1727","metadata":false},{"id":359922,"structure_id":51497,"section_number":"33.2-1728","catch_line":"Chapter provides alternative method","url":"\/33.2-1728\/","token":"33.2\/III\/17\/33.2-1728","metadata":false},{"id":359923,"structure_id":51497,"section_number":"33.2-1729","catch_line":"Chapter liberally construed","url":"\/33.2-1729\/","token":"33.2\/III\/17\/33.2-1729","metadata":false}],"previous_section":{"id":359905,"structure_id":51497,"section_number":"33.2-1711","catch_line":"No other prerequisites to issue of bonds","url":"\/33.2-1711\/","token":"33.2\/III\/17\/33.2-1711","metadata":false},"next_section":{"id":359907,"structure_id":51497,"section_number":"33.2-1713","catch_line":"Sale of bonds; bonds as legal investments","url":"\/33.2-1713\/","token":"33.2\/III\/17\/33.2-1713","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-1712\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1988, chapters 844 and 903; in 2014, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?141+ful+CHAP0805\">805<\/a>.<\/p>","references":[{"id":359894,"section_number":"33.2-1700","catch_line":"Definitions","order_by":null,"url":"\/33.2-1700\/"},{"id":359895,"section_number":"33.2-1701","catch_line":"General powers of Commonwealth Transportation Board","order_by":null,"url":"\/33.2-1701\/"}],"refers_to":false,"permalink":{"id":1433747,"object_type":"law","relational_id":359906,"identifier":"33.2-1712","token":"33.2\/III\/17\/33.2-1712","url":"\/33.2-1712\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/33.2-1712\/","token":"33.2\/III\/17\/33.2-1712","dublin_core":{"Title":"Limitations and approvals for certain revenue bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-1712","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>No <span class=\"dictionary\">bonds<\/span> payable from the Transportation Trust Fund <span class=\"dictionary\">revenues<\/span> under a payment agreement between the <span class=\"dictionary\">Board<\/span> and the Treasury <span class=\"dictionary\">Board<\/span> and payable first from <span class=\"dictionary\">revenues<\/span> of that Fund received pursuant to <span class=\"dictionary\">contracts<\/span> with a <span class=\"dictionary\">primary highway<\/span> transportation improvement district or a transportation service district shall be issued unless specifically included in a bill or resolution passed by the General Assembly. The Treasury <span class=\"dictionary\">Board<\/span> is designated the sales and paying agent of the <span class=\"dictionary\">Board<\/span> with respect to such <span class=\"dictionary\">bonds<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nLIMITATIONS AND APPROVALS FOR CERTAIN REVENUE BONDS (\u00a7 33.2-1712)\n\nNo bonds payable from the Transportation Trust Fund revenues under a payment\nagreement between the Board and the Treasury Board and payable first from\nrevenues of that Fund received pursuant to contracts with a primary highway\ntransportation improvement district or a transportation service district shall\nbe issued unless specifically included in a bill or resolution passed by the\nGeneral Assembly. The Treasury Board is designated the sales and paying agent of\nthe Board with respect to such bonds.\n\nHISTORY: 1986, Sp. Sess., c. 13, \u00a7 33.1-279.1; 1988, cc. 844, 903; 2014, c.\n805.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}