Code of Virginia - Title 33.1 Highways, Bridges And Ferries - Section 33.1-313 Preliminary expenses

§ 33.1-313. Preliminary expenses

The Board is hereby authorized in its discretion to expend out of any funds available for the purpose such moneys as may be necessary for the study of any turnpike project or projects and to use its engineering and other forces and employ consulting engineers, traffic engineers and legal counsel for the purpose of effecting such study, and to pay for such additional engineering and traffic, legal and other expert studies as it may deem expedient. All such expenses incurred by the Board prior to the issuance of turnpike revenue bonds under the provisions of this article shall be paid by the Board and charged to the appropriate turnpike project or projects, and the Board shall keep proper records and accounts showing each amount so charged. Upon the sale of turnpike revenue bonds for any turnpike project or projects, the funds so expended by the Board in connection with such project or projects shall be reimbursed to the Board from the proceeds of such bonds.

(Code 1950, § 33-255.18; 1952, c. 223; 1970, c. 322.)

Sections:  Previous  33.1-306  33.1-307  33.1-308  33.1-309  33.1-310  33.1-311  33.1-312  33.1-313  33.1-314  33.1-315  33.1-316  33.1-317  33.1-318  33.1-319  33.1-320  Next

Last modified: April 3, 2009