{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-603.38.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-603.38.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-603.38.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-603.38.html"}],"law_id":84218,"edition_id":1,"section_id":84218,"structure_id":15820,"section_number":"10.1-603.38","catch_line":"Sale of loans","history":"2022, cc. 739, 782.","full_text":"The Authority is empowered at any time and from time to time to sell, upon such terms and conditions as the Authority shall deem appropriate, any loan, or interest therein, made pursuant to this article. The net proceeds of sale remaining after the payment of the costs and expenses of the sale shall be designated for deposit to, and become part of, the Fund.","order_by":null,"text":{"0":{"id":301852,"text":"The Authority is empowered at any time and from time to time to sell, upon such terms and conditions as the Authority shall deem appropriate, any loan, or interest therein, made pursuant to this article. The net proceeds of sale remaining after the payment of the costs and expenses of the sale shall be designated for deposit to, and become part of, the Fund.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15820,"edition_id":1,"name":"Resilient Virginia Revolving Fund","identifier":"1.4","label":"article","depth":4,"order_by":1,"parent_id":12894,"metadata":{},"date_created":"2026-06-26 04:00:04","date_modified":"2026-06-26 04:00:04","permalink":{"id":144391,"object_type":"structure","relational_id":15820,"identifier":"1.4","token":"10.1\/I\/6\/1.4","url":"\/10.1\/I\/6\/1.4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12894,"edition_id":1,"name":"Flood Protection and Dam Safety","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":12893,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":144271,"object_type":"structure","relational_id":12894,"identifier":"6","token":"10.1\/I\/6","url":"\/10.1\/I\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12893,"edition_id":1,"name":"Activities Administered by the Department of Conservation and Recreation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12740,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":143315,"object_type":"structure","relational_id":12893,"identifier":"I","token":"10.1\/I","url":"\/10.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12740,"edition_id":1,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":143313,"object_type":"structure","relational_id":12740,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71342,"structure_id":15820,"section_number":"10.1-603.28","catch_line":"Definitions","url":"\/10.1-603.28\/","token":"10.1\/I\/6\/1.4\/10.1-603.28","metadata":false},{"id":64816,"structure_id":15820,"section_number":"10.1-603.29","catch_line":"Resilient Virginia Revolving Fund","url":"\/10.1-603.29\/","token":"10.1\/I\/6\/1.4\/10.1-603.29","metadata":false},{"id":61024,"structure_id":15820,"section_number":"10.1-603.30","catch_line":"Deposit of moneys; expenditures; investments","url":"\/10.1-603.30\/","token":"10.1\/I\/6\/1.4\/10.1-603.30","metadata":false},{"id":86716,"structure_id":15820,"section_number":"10.1-603.31","catch_line":"Annual audit","url":"\/10.1-603.31\/","token":"10.1\/I\/6\/1.4\/10.1-603.31","metadata":false},{"id":81329,"structure_id":15820,"section_number":"10.1-603.32","catch_line":"Collection of money due to Fund","url":"\/10.1-603.32\/","token":"10.1\/I\/6\/1.4\/10.1-603.32","metadata":false},{"id":63968,"structure_id":15820,"section_number":"10.1-603.33","catch_line":"Loans to local governments","url":"\/10.1-603.33\/","token":"10.1\/I\/6\/1.4\/10.1-603.33","metadata":false},{"id":75447,"structure_id":15820,"section_number":"10.1-603.34","catch_line":"Grants to local governments","url":"\/10.1-603.34\/","token":"10.1\/I\/6\/1.4\/10.1-603.34","metadata":false},{"id":61826,"structure_id":15820,"section_number":"10.1-603.35","catch_line":"Loans and grants for regional projects, etc","url":"\/10.1-603.35\/","token":"10.1\/I\/6\/1.4\/10.1-603.35","metadata":false},{"id":80345,"structure_id":15820,"section_number":"10.1-603.36","catch_line":"Loans and grants to a local government for a funding program","url":"\/10.1-603.36\/","token":"10.1\/I\/6\/1.4\/10.1-603.36","metadata":false},{"id":73941,"structure_id":15820,"section_number":"10.1-603.37","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/10.1-603.37\/","token":"10.1\/I\/6\/1.4\/10.1-603.37","metadata":false},{"id":84218,"structure_id":15820,"section_number":"10.1-603.38","catch_line":"Sale of loans","url":"\/10.1-603.38\/","token":"10.1\/I\/6\/1.4\/10.1-603.38","metadata":false},{"id":66478,"structure_id":15820,"section_number":"10.1-603.39","catch_line":"Powers of the Authority","url":"\/10.1-603.39\/","token":"10.1\/I\/6\/1.4\/10.1-603.39","metadata":false},{"id":79121,"structure_id":15820,"section_number":"10.1-603.40","catch_line":"Liberal construction of article","url":"\/10.1-603.40\/","token":"10.1\/I\/6\/1.4\/10.1-603.40","metadata":false}],"previous_section":{"id":73941,"structure_id":15820,"section_number":"10.1-603.37","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/10.1-603.37\/","token":"10.1\/I\/6\/1.4\/10.1-603.37","metadata":false},"next_section":{"id":66478,"structure_id":15820,"section_number":"10.1-603.39","catch_line":"Powers of the Authority","url":"\/10.1-603.39\/","token":"10.1\/I\/6\/1.4\/10.1-603.39","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-603.38\/","history_text":"

This law was first created in 2022. The record of its establishment is cataloged in chapters 739<\/a> and 782<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":144433,"object_type":"law","relational_id":84218,"identifier":"10.1-603.38","token":"10.1\/I\/6\/1.4\/10.1-603.38","url":"\/10.1-603.38\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-603.38\/","token":"10.1\/I\/6\/1.4\/10.1-603.38","dublin_core":{"Title":"Sale of loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-603.38","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> is empowered at any time and from time to time to sell, upon such terms and conditions as the Authority<\/span> shall deem appropriate, any loan, or interest therein, made pursuant to this article. The net proceeds of sale remaining after the payment of the costs<\/span> and expenses of the sale shall be designated for deposit to, and become part of, the Fund<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSALE OF LOANS (\u00a7 10.1-603.38)\n\nThe Authority is empowered at any time and from time to time to sell, upon such\nterms and conditions as the Authority shall deem appropriate, any loan, or\ninterest therein, made pursuant to this article. The net proceeds of sale\nremaining after the payment of the costs and expenses of the sale shall be\ndesignated for deposit to, and become part of, the Fund.\n\nHISTORY: 2022, cc. 739, 782.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}