CROC Fund definition

CROC Fund means the Commuter Rail Operating and Capital Fund as established under § 33.2-3500 of the Virginia Code, which consists of funds deposited therein pursuant to
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CROC Fund means the Commuter Rail Operating and Capital Fund as established under § 33.2-3500 of the Virginia Code, which consists of funds deposited therein pursuant to § 58.1-2299.20 of the Virginia Code and such other funds as may be set forth by the General Assembly in a general appropriations act or allocated by the Commonwealth Transportation Board.
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Examples of CROC Fund in a sentence

  • At the request of NVTC, PRTC shall also provide such direction to the foregoing representatives of the Commonwealth to cause the disbursement of revenues from the CROC Fund that would otherwise be made to PRTC to be made instead to or as directed by NVTC.

  • NVTC shall serve on behalf of the Commissions as the recipient of all revenues disbursed by the Comptroller from the CROC Fund.

  • NVTC shall request that revenues from the CROC Fund be disbursed as directed by NVTC for the benefit of the Commissions; provided that NVTC will encourage the Comptroller to send such revenues directly to the Trustee.

  • PRTC and NVTC have reached agreement on the manner in which funds from the CROC Fund are disbursed to them, and the process by which they will determine the specific purposes for which funds from the CROC Fund will be expended, and wish to set forth that agreement hereafter.

  • If under any circumstances NVTC or PRTC receives any disbursement directly from the CROC Fund, NVTC or PRTC, as the case may be, shall transfer the entire amount of such disbursement to the Trustee by no later than the Business Day following the date of receipt.

  • NVTC shall ensure that the receipt and disposition of all amounts disbursed from the CROC Fund be included as part of the audited annual financial statements of NVTC, PRTC and/or VRE.

  • NVTC represents that pursuant to the Indenture it has pledged, assigned and granted to the Trustee all of the revenues from the CROC Fund that it is entitled to receive under § 33.2-3500.B of the Virginia Code and pursuant to PRTC's assignment under Section 2 above.

  • NVTC shall notify the Comptroller and all representatives of the Commonwealth assisting the Comptroller in the monthly disbursements of revenues from the CROC Fund of NVTC's role under this Agreement, including the Secretary of Transportation and the Director of the Department of Motor Vehicles.

  • In addition, pursuant to the PRTC Authorizing Resolution, PRTC has authorized and consented to the transfer to the Revenue Stabilization Fund established under the Indenture of certain funds previously disbursed from the CROC Fund and held by NVTC.

  • Each year and in accordance with the schedule of the Virginia Department of Planning and Budget, NVTC shall request that the Governor include in the budget ▇▇▇▇ to be presented to the General Assembly in their next session a provision that there be appropriated to the CROC Fund the revenues from the wholesale fuel sales tax described in §58.1-2299.