Chap. 101.—An ACT to amend and re-enact Section 8-a of an Act entitled, ‘‘An
Act requiring persons, firms, corporations and associations owning, controlling,
operating or managing motor vehicles used as common carriers for the trans-
portation of persons and/or property for compensation on the public highways
of this State to obtain registration plates or markers, and prescribing and im-
posing certain taxes and/or license fees and/or charges and providing for the
collection, payment and disposition of the same, and providing for the en-
forcement of this act and for punishment of violations thereof,’’ approved
March 26, 193%. [H B 8]

Approved February 28, 1940

1. Be it enacted by the General Assembly of Virginia, That
Section eight-a of an Act entitled, ‘‘An Act requiring persons, firms,
corporations and associations owning, controlling, operating or man-
aging motor vehicles used as common carriers for the transportation of
persons and/or property for compensation on the public highways
of this State to obtain registration plates or markers, and prescribing
and imposing certain taxes and/or license fees and/or charges and
providing for the collection, payment and disposition of the same,
and providing for the enforcement of this act, and for punishment of
violations thereof,’ approved March twenty-sixth, nineteen hundred
and thirty-two, be amended and re-enacted so as to read as follows:

Section 8-a. All funds collected hereunder by the Commission
as road taxes shall be paid forthwith to the State Treasurer. The
Commission is authorized to expend such amount of the sum, so
collected as road taxes, as may be reasonably necessary to carry out
the provisions of this act, and to draw upon the State Treasurer for
the amounts thus expended; provided, however, that the total sum
to be expended by the Commission shall not exceed ten per centum
of the total gross amount collected by it in any one tax year. It
shall be the duty of the State Treasurer to hold in reserve for the
Commission said ten per centum of the road taxes so paid to him.
Any unexpended balance of said ten per centum, not expended by
the Commission in any one tax year, shall revert to the State highway
funds, and be expended along with the balance of the road taxes
collected by the Commission, as provided for in Section eight of this
act.

The provisions of this act shall apply for the year nineteen hundred
and forty, and for each year thereafter, until otherwise provided by
law.

Nothing in this act shall be construed as repealing or affecting
any other sections of Chapter three hundred and sixty of the Acts
of nineteen hundred and thirty-two, approved March twenty-sixth,
nineteen hundred and thirty-two, of which chapter this act is amend-
atory.