                                 CODE OF VIRGINIA

DEFINITIONS (§ 33.2-2100)

As used in this chapter, unless the context requires a different
meaning:		&#8220;Commission&#8221; means the governing body of a local
transportation improvement district created pursuant to this
chapter.		&#8220;Cost&#8221; means all or any part of the following:

1. Acquisition, construction, reconstruction, alteration, landscaping,
utilities, parking, conservation, remodeling, equipping, or enlarging of
transportation improvements or any portion thereof;

2. Acquisition of land, rights-of-way, property rights, easements, and interests
for construction, alteration, or expansion of transportation improvements;

3. Demolishing or relocating any structure on land so acquired, including the
cost of acquiring any lands to which such structure may be relocated;

4. All labor, materials, machinery, and equipment necessary or incidental to the
construction or expansion of a transportation improvement;

5. Financing charges, insurance, interest, and reserves for interest on all
bonds prior to and during construction and, if deemed advisable by the
commission, for a reasonable period after completion of such construction;

6. Reserves for principal and interest;

7. Reserves for extensions, enlargements, additions, replacements, renovations,
and improvements;

8. Provisions for working capital;

9. Engineering and architectural expenses and services, including surveys,
borings, plans, and specifications;

10. Subsequent addition to or expansion of any project and the cost of
determining the feasibility or practicability of such construction;

11. Financing construction of, addition to, or expansion of transportation
improvements and operating such improvements; and

12. Expenses incurred in connection with the creation of the district, not to
exceed $150,000.
			&#8220;County&#8221; means any county having a population of more than
500,000.			&#8220;District&#8221; means any transportation improvement district
created pursuant to this chapter.			&#8220;District advisory board&#8221; or
&#8220;advisory board&#8221; means the board appointed pursuant to &#xA7;
33.2-2104.			&#8220;Federal agency&#8221; means the United States of America or
any department, bureau, agency, or instrumentality thereof.			&#8220;Governing
body&#8221; means the governing body of a county.			&#8220;Owner&#8221; or
&#8220;landowner&#8221; means the person that is assessed with real property
taxes pursuant to &#xA7; 58.1-3281 by the commissioner of the revenue or other
assessing officer of the locality in which the subject real property is
located.			&#8220;Participating town&#8221; means a town that has real property
within its boundaries included within a district created pursuant to this
chapter.			&#8220;Revenue&#8221; means any or all fees, tolls, rents, receipts,
assessments, taxes, money, and income derived by the district, including any
cash contribution or payments made to the district by the Commonwealth, any
political subdivision thereof, or any other source.			&#8220;Transportation
improvements&#8221; means any real or personal property acquired, constructed,
improved, or used for constructing, improving, or operating any (i) public mass
transit system or (ii) highway, or portion or interchange thereof, including
parking facilities located within a district created pursuant to this chapter.
&#8220;Transportation improvements&#8221; includes public mass transit systems,
public highways, and all buildings, structures, approaches, and facilities
thereof and appurtenances thereto, rights-of-way, bridges, tunnels, stations,
terminals, and all related equipment and fixtures.

HISTORY: 2001, c. 611, § 33.1-430; 2004, c. 792; 2014, c. 805.