Chap. 447.—An ACT to amend and re-enact an act entitled an act to anticipate by
counties or otherwise the construction of the State highway system, pe

March 15, 1920. 155]
Approved March 21, 1924.

1. Be it enacted by the general assembly of Virginia, That an act
entitled an act to anticipate by counties or otherwise the construction
of the State highway system, approved March fifteenth, nineteen hun-
dred and twenty, be amended and re-enacted so as to read as follows:

Section 1. That if any county, district, city, town, private corpora-
tion or person desires to construct or reconstruct immediately any
bridge or section of road in the State highway system, including ferries,
and to advance to the State all or part of the money necessary for such
construction or reconstruction, the State highway commission shall have
authority, in their discretion, to enter into agreements with any of such
parties for receiving the said money, and for proceeding with the con-
struction or reconstruction of such bridge or section of road, and for
the repayment of the said money, in accordance with the provisions of
this act; provided, however, the State shall not be obligated to pay
interest on the money so advanced, except as herein provided; provided,
further, that the State highway commission shall not enter into agree-
ments during any one year for receiving of money under this act in excess
of the sum of one million dollars, and the commission shall each year,
commencing with the year nineteen hundred and twenty-five, set aside
out of the funds available for the construction of roads in the State
highway system, from the proceeds of the ten cent tax on real and per-
sonal property and the motor vehicle fuel tax, a sum of one million dol-
lars, which sum so set aside shall be used in repayment of moneys there-
tofore advanced to the State under the provisions of this act, in the order
in point of time that the funds were received by the State; provided,
further, that from and after four years from the time the moneys here-
tofore advanced, or that may hereafter be advanced, under the pro-
visions of this act, were or will be received by the State, the State shall
pay annually interest on the principal remaining unpaid, at the rate of
four and one-half per centum per annum.