Virginia's law on the disposition of motor vehicle fees mandates that collected fees are deposited into the state treasury and allocated for highway construction, maintenance, and departmental expenses. Funds are managed to ensure proper enforcement and infrastructure development, with provisions for carryover and interest income. The law ensures transparent and designated use of motor vehicle fee revenues.
The fees are deposited into the state treasury and allocated for highway construction, maintenance, and departmental expenses as specified by law.
Yes, funds can also be used for expenses related to the enforcement of transportation laws and departmental operations.
Yes, any remaining balances at the end of the fiscal year are available for use in subsequent years for the same purposes.
Yes, any interest income on these funds accrues to the respective special funds designated for transportation purposes.