Chap. 293.—An ACT to authorize the governing bodies of counties, cities, and towns
to establish and maintain post-war public works reserve funds, and to expend
same; to formulate, develop and revise capital budgets and schedules for long
range, post-war programs of public works projects. [H 382]

Approved March 29, 1944

Be it enacted by the General Assembly of Virginia:

1. Section 1. The governing bodies of counties, cities and towns
are authorized to establish and maintain post-war public works reserve
funds and to add to same at any time and to appropriate and expend
from the funds such amounts as they see fit.

Section 2. The purpose of the reserve fund is to provide for the
payment of all or part of the cost of local public improvements and bet-
terments.

Section 3. The reserve fund may be used for capital acquisition, re-
placements, additions, improvements, construction, reconstruction, de-
ferred maintenance and administrative, engineering, legal and other ex-
penses.

Section 4. The fund may be used for improvements including blue-
prints, specifications, engineering, and legal work, and the acquiring of
land.

Section 5. The governing bodies may include as a part of an an-
nual tax levy such sum as deemed necessary for the establishment of
such fund.

Section 6. The fund shall include moneys appropriated, transferred
or credited thereto by budgetary provisions or otherwise, including the
transfer of unobligated surpluses or unexpended balances.

Section 7. The reserve funds authorized herein may be established,
anything in the charter of any city or town to the contrary notwith-
standing.

Section 8. This act shall be liberally construed as in aid of post-war
public works programs and plans therefor and in furtherance of and
not in limitation of powers now conferred by law on counties, cities and
towns.