Final Text
CHAPTER 281
REVENUE-SHARING PROGRAM POLICY (REPEALED)
24VAC30-281-10. Policy. (Repealed.)
Pursuant to § 33.1-23.05 of the Code of Virginia, the
Commonwealth Transportation Board adopts the following policy concerning
administration of revenue-sharing funds for systems in certain counties and
towns of the Commonwealth:
1. The Revenue-Sharing Program shall provide a matching
allocation up to $1 million to any county, city, or town for projects
designated by the locality for improvement, construction, or reconstruction of
highway systems within such locality.
2. Revenue-sharing funds shall be prioritized and allocated
in accordance with the provisions of § 33.1-23.05 B of the Code of
Virginia.
3. Application for program funding must be made by
resolution of the governing body of the jurisdiction requesting the funds. A
locality may request funds for a project located within its own jurisdiction or
in an adjacent jurisdiction, with concurrence from the governing body of the
other locality. Towns not maintaining their own streets are not eligible to
receive Revenue-Sharing Program funds directly; their requests must be included
in the application of the county in which they are located. All requests must
include a priority listing of projects.
4. Funds may be administratively transferred from one
revenue-sharing project to another existing revenue-sharing project. If
approved by this board, revenue-sharing funds may also be transferred to an
existing project in the Six-Year Improvement Program or Secondary Six-Year Plan
if needed to meet the approved federal obligation schedule or to ensure that a
scheduled advertisement date can be met or accelerated. Requests for all such
transfers must be made in writing by the county administrator or city/town
manager. Such requests must include the reasons for the request and the status
of both projects.
5. The Revenue-Sharing Program is intended to provide
funding for relatively small, immediately needed improvements or to supplement
funding for existing projects. Larger new projects may be considered, provided
the locality identifies the additional funding needed to implement the project.
Revenue-sharing funds are normally expected to be used within the fiscal year
following their allocation. If a project having funds allocated under this
program has not been initiated so that a portion of such funds have been
expended within two subsequent fiscal years of allocation, the funds may be
reallocated at the discretion of this board.
6. No more than three months prior to the end of any fiscal
year in which less than the full program allocation has been allocated by this
board to specific governing bodies, those localities initially requesting the
maximum allocation as defined in § 33.1-23.05 of the Code of Virginia may be
allowed an additional allocation.
7. The Commonwealth Transportation Commissioner is directed
to establish administrative procedures to assure the provisions of this policy
and legislative directives are adhered to and complied with.