33.1-23.05 - Revenue-sharing funds for systems in certain counties, cities, and towns.
§ 33.1-23.05. Revenue-sharing funds for systems in certain counties, cities,and towns.
A. From revenues made available by the General Assembly after January 1,2008, and appropriated for the improvement, construction, or reconstructionof the systems of state highways, the Commonwealth Transportation Board shallmake an equivalent matching allocation to any county, city, or town fordesignations by the governing body of up to $1 million in county, city, ortown general funds for use by the county, city, or town to improve,construct, or reconstruct the highway systems within such county, city, ortown. After adopting a resolution supporting the action, the governing bodymay request revenue-sharing funds to improve, construct, or reconstruct ahighway system located in another locality, between two or more localities,or to bring subdivision streets, used as such prior to July 1, 1992, up tostandards sufficient to qualify them for inclusion in the state primary andsecondary system of highways. All requests for funding shall be accompaniedby a prioritized listing of specified projects.
B. The allocation of funds to localities shall be only for the purposes setforth in subsection A. In allocating funds under this section, the Boardshall give priority (i) first when such project is administered by thecounty, city, or town, either directly or by contract with another entity,(ii) second, when such county, city, or town commits more local funding thanthe amount of revenue-sharing funding requested, and (iii) third when theallocation will accelerate an existing project in the Six-Year ImprovementProgram or the locality's capital plans. Any funds remaining may be appliedto any other project that requires an equivalent matching allocation from thegoverning body.
C. The Department will contract with the county, city, or town for theimplementation of the project or projects. Such contract may cover either asingle project or may provide for the locality's implementation of severalprojects during the fiscal year. The county, city, or town will undertakeimplementation of the particular project or projects by obtaining thenecessary permits from the Department of Transportation in order to ensurethat the improvement is consistent with the Department's standards for suchimprovements. At the request of the locality, the Department may provide thelocality with engineering, right-of-way acquisition, and/or constructionservices for a project with its own forces. The locality shall providepayment to the Department for any such services. If administered by theDepartment, such contract shall also require that the governing body pay tothe Department within 30 days the local revenue-sharing funds from itsgeneral fund upon written notice by the Department of its intent to proceed.Any project having funds allocated under this program shall be initiated insuch a fashion where at least a portion of such funds have been expendedwithin two subsequent fiscal years of allocation. Any revenue-sharing fundsfor projects not initiated after two subsequent fiscal years of allocationmay be reallocated at the discretion of the Commonwealth Transportation Board.
D. Total Commonwealth funds allocated by the Board under this section shallnot exceed $50 million in any one fiscal year and no less than $15 millioneach fiscal year, subject to appropriation for such purpose.
E. No more than three months prior to the end of any fiscal year in whichless than the full program allocation has been allocated by the Board tospecific governing bodies, those localities requesting the maximum allocationunder subsection A may be allowed an additional allocation.
(2006, c. 827; 2008, c. 608.)