Virginia Code 15.2-6009: Capitalization of Authority
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On September 1, 1988, and on the first day of each month thereafter, each county and city shall remit to the Virginia Coalfield Economic Development Fund 25 percent of the revenues collected during the next to last calendar month from the (i) gas road improvement tax pursuant to § 58.1-3713 and (ii) local coal road improvement severance license tax pursuant to subsection B of § 58.1-3741.
Terms Used In Virginia Code 15.2-6009
- City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
- County: means any existing county or such unit hereafter created. See Virginia Code 15.2-102
- Month: means a calendar month and "year" means a calendar year. See Virginia Code 1-223
1988, c. 833, § 15.1-1644; 1997, c. 587; 2013, cc. 305, 618.