46.2-702.1 - (Contingent expiration - see Editor's note) Distribution of certain revenue.
§ 46.2-702.1. (Contingent expiration - see Editor's note) Distribution ofcertain revenue.
A. Except as provided in subsection B, the net additional revenues generatedby increases in the registration fees under §§ 46.2-694, 46.2-694.1, and46.2-697 pursuant to enactments of the 2007 Session of the General Assembly,shall be deposited into the Highway Maintenance and Operating Fund.
B. In the case of vehicles registered under the International RegistrationPlan, an amount that is approximately equal to the net additional revenuesgenerated by increases in the registration fees under §§ 46.2-694,46.2-694.1, and 46.2-697 that are in regard to such vehicles pursuant toenactments of the 2007 Session of the General Assembly shall be depositedinto the Highway and Maintenance Operating Fund.
C. For purposes of this title, "net additional revenues" shall mean theadditional revenues provided pursuant to enactments of the 2007 Session ofthe General Assembly minus any refunds or remittances required to be paid.
(2007, c. 896.)