CHAPTER 363

An Act to amend and reenact § 1 of Article 5 of Chapter 681 of the Acts
of Assembly of 1964, approved March 31, 1964, which created the
Transportation District Act of 1964, the amended section relating to
the authorization of counties or cities to enter into contracts or agree-
ments with the commission. 8 55)

Approved April 2, 1968

Be it enacted by the General Assembly of Virginia:

1. That § 1 of Article 5 of Chapter 631 of the Acts of Assembly of 1964,
approved March 31, 1964, be amended and reenacted as follows:

§ Contracts and Payment Thereof.—

(a) Any county and city embraced within a transportation district
is authorized to enter into contracts or agreements with the commission
for such transportation district, or with an agency, pursuant to which such
transportation district, subject to the limitations herein contained, or such
agency undertakes to provide the transportation facilities specified in a
duly adopted transportation plan, and/or to render transportation service.
Any obligations arising from such contracts are deemed to be for a public
purpose and may be paid for, in the discretion of each county or city, in
whole or in part, by appropriations from general revenues or from the
proceeds of a bond issue or issues; provided, however, that any such con-
tract must specify the annual maximum obligation of any county or city
for payments to meet the expenses and obligations of the transportation
district or such agency or provide a formula to determine the payment of
any such county or city for such expenses and obligations. Each county
or city desiring to contract with a transportation district or an agency is
authorized to do so provided it complies with the appropriate provisions of
law and thereafter is authorized to do everything necessary or proper to
carry out and perform every such contract and to provide for the payment
or discharge of any obligation thereunder by the same means and in the
same manner as any other of its obligations.

(b) Except As Otherwise Provided by Law—

(1) No bonded debt shall be contracted by any county to finance
the payment of any obligations arising from its contracts hereunder unless
the qualified voters of such county shall approve by a majority vote of the
qualified voters voting in an election the contracting of any such debt, the
borrowing of money and issuance of bonds. Such debt shall be contracted
and bonds issued and such election shall be held in the manner provided
in and subject to the provisions of Chapter 5 of Title 15.1 of the Code of
Virginia relating to counties;
(2) The contracting of debt, borrowing of money and issuance of
bonds by any city to finance the payment of any obligations arising from
tts contracts hereunder shall be effected in the manner provided in and
subject to the provisions of Chapter 5 of Title 15.1 of the Code of Virginia
relating to cities.