The US 460 Funding Corporation of Virginia (“the Corporation”) is a nonstock, nonprofit corporation formed under the laws of the Commonwealth of Virginia on August 27, 2012 for the purpose of undertaking the Commonwealth Connector Project. The Corporation’s purposes and activities have been approved by Commonwealth Transportation Board. These activities include but are not limited to obtaining financing in furtherance of such purpose and entering into agreements such as the Comprehensive Agreement, financing agreements entered into on or about the financial close date, design-build contracts, operating agreements and other relevant documents. The Corporation is governed by a Board of Directors consisting of seven members. Two of such directors serve as ex officio by virtue of their service as Chief Financial Officer of VDOT and the Director of Debt Management of the Virginia Resources Authority. Four directors are appointed by CTB, and the remaining director is appointed by the Virginia Port Authority.