{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-646.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-646.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-646.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-646.html"}],"law_id":85645,"edition_id":1,"section_id":85645,"structure_id":12895,"section_number":"10.1-646","catch_line":"Purchase price and terms of sales authorized by \u00a7 10.1-645","history":"1970, c. 591, \u00a7 21-11.10; 1972, c. 821; 1988, c. 891.","full_text":"When an entity, as the term is used in \u00a7 10.1-645, agrees to purchase a facility and the rights incident thereto resulting from the storing of additional water in feasible flood prevention sites or the strengthening of foundations and appurtenances of feasible flood prevention sites in which the Board has invested pursuant to \u00a7 10.1-638 B, the purchase price shall be the total expenditure from the revolving fund by the Board for such facility plus a surcharge of three percent annually on all funds expended for the facility, other than funds expended pursuant to \u00a7 10.1-638 C, from the date of expenditure to the date of purchase by the purchasing entity.\n\t\tWith the approval of the Board, the purchasing entity may finance the purchase price, or any portion thereof, of the facility under the terms and conditions of \u00a7\u00a7 10.1-638 A and 10.1-643, and the provisions of \u00a7\u00a7 10.1-643 and 10.1-644 shall apply, mutatis mutandis, to such financing. If a purchasing entity finances the purchase of a facility as hereinabove provided, such purchasing entity shall not be precluded from applying for a loan authorized by \u00a7 10.1-638 A to the limit imposed by that section to complete any facility purchased to store additional water.","order_by":null,"text":{"0":{"id":306765,"text":"When an entity, as the term is used in \u00a7 10.1-645, agrees to purchase a facility and the rights incident thereto resulting from the storing of additional water in feasible flood prevention sites or the strengthening of foundations and appurtenances of feasible flood prevention sites in which the Board has invested pursuant to \u00a7 10.1-638 B, the purchase price shall be the total expenditure from the revolving fund by the Board for such facility plus a surcharge of three percent annually on all funds expended for the facility, other than funds expended pursuant to \u00a7 10.1-638 C, from the date of expenditure to the date of purchase by the purchasing entity.\n\t\tWith the approval of the Board, the purchasing entity may finance the purchase price, or any portion thereof, of the facility under the terms and conditions of \u00a7\u00a7 10.1-638 A and 10.1-643, and the provisions of \u00a7\u00a7 10.1-643 and 10.1-644 shall apply, mutatis mutandis, to such financing. If a purchasing entity finances the purchase of a facility as hereinabove provided, such purchasing entity shall not be precluded from applying for a loan authorized by \u00a7 10.1-638 A to the limit imposed by that section to complete any facility purchased to store additional water.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12895,"edition_id":1,"name":"Conservation, Small Watersheds Flood Control and Area Development Fund","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":12894,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":144661,"object_type":"structure","relational_id":12895,"identifier":"4","token":"10.1\/I\/6\/4","url":"\/10.1\/I\/6\/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":63458,"structure_id":12895,"section_number":"10.1-636","catch_line":"Definitions","url":"\/10.1-636\/","token":"10.1\/I\/6\/4\/10.1-636","metadata":false},{"id":73661,"structure_id":12895,"section_number":"10.1-637","catch_line":"Fund continued; administrative control","url":"\/10.1-637\/","token":"10.1\/I\/6\/4\/10.1-637","metadata":false},{"id":73761,"structure_id":12895,"section_number":"10.1-638","catch_line":"Purposes for which fund to be used","url":"\/10.1-638\/","token":"10.1\/I\/6\/4\/10.1-638","metadata":false},{"id":59350,"structure_id":12895,"section_number":"10.1-639","catch_line":"Conditions for making loan","url":"\/10.1-639\/","token":"10.1\/I\/6\/4\/10.1-639","metadata":false},{"id":66639,"structure_id":12895,"section_number":"10.1-640","catch_line":"Political subdivisions may borrow from other sources","url":"\/10.1-640\/","token":"10.1\/I\/6\/4\/10.1-640","metadata":false},{"id":77397,"structure_id":12895,"section_number":"10.1-641","catch_line":"Powers of Board in aid of the provisions of \u00a7 10.1-638","url":"\/10.1-641\/","token":"10.1\/I\/6\/4\/10.1-641","metadata":false},{"id":63225,"structure_id":12895,"section_number":"10.1-642","catch_line":"Record of applications for loans and action taken","url":"\/10.1-642\/","token":"10.1\/I\/6\/4\/10.1-642","metadata":false},{"id":85162,"structure_id":12895,"section_number":"10.1-643","catch_line":"Period of loan; interest rate; loan shall constitute a lien","url":"\/10.1-643\/","token":"10.1\/I\/6\/4\/10.1-643","metadata":false},{"id":79238,"structure_id":12895,"section_number":"10.1-644","catch_line":"Recovery of money due to fund","url":"\/10.1-644\/","token":"10.1\/I\/6\/4\/10.1-644","metadata":false},{"id":70082,"structure_id":12895,"section_number":"10.1-645","catch_line":"Limits on expenditures authorized under \u00a7 10.1-638 B; sale of resulting facilities; sale of stored water; renting facilities","url":"\/10.1-645\/","token":"10.1\/I\/6\/4\/10.1-645","metadata":false},{"id":85645,"structure_id":12895,"section_number":"10.1-646","catch_line":"Purchase price and terms of sales authorized by \u00a7 10.1-645","url":"\/10.1-646\/","token":"10.1\/I\/6\/4\/10.1-646","metadata":false},{"id":54015,"structure_id":12895,"section_number":"10.1-647","catch_line":"Disposition of facilities financed under article when part of debt remains outstanding","url":"\/10.1-647\/","token":"10.1\/I\/6\/4\/10.1-647","metadata":false},{"id":68188,"structure_id":12895,"section_number":"10.1-648","catch_line":"Acquisition of lands, easements, and rights-of-way","url":"\/10.1-648\/","token":"10.1\/I\/6\/4\/10.1-648","metadata":false},{"id":86478,"structure_id":12895,"section_number":"10.1-649","catch_line":"Sale to Board of property and rights-of-way acquired by condemnation","url":"\/10.1-649\/","token":"10.1\/I\/6\/4\/10.1-649","metadata":false}],"previous_section":{"id":70082,"structure_id":12895,"section_number":"10.1-645","catch_line":"Limits on expenditures authorized under \u00a7 10.1-638 B; sale of resulting facilities; sale of stored water; renting facilities","url":"\/10.1-645\/","token":"10.1\/I\/6\/4\/10.1-645","metadata":false},"next_section":{"id":54015,"structure_id":12895,"section_number":"10.1-647","catch_line":"Disposition of facilities financed under article when part of debt remains outstanding","url":"\/10.1-647\/","token":"10.1\/I\/6\/4\/10.1-647","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-646\/","history_text":"

This law was first created in 1970. The record of its establishment is cataloged in chapter 591 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. Unfortunately, the 1970 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1972, chapter 821; in 1988, chapter 891.<\/p>","references":false,"refers_to":[{"id":73761,"section_number":"10.1-638","catch_line":"Purposes for which fund to be used","order_by":null,"url":"\/10.1-638\/"},{"id":85162,"section_number":"10.1-643","catch_line":"Period of loan; interest rate; loan shall constitute a lien","order_by":null,"url":"\/10.1-643\/"},{"id":79238,"section_number":"10.1-644","catch_line":"Recovery of money due to fund","order_by":null,"url":"\/10.1-644\/"},{"id":70082,"section_number":"10.1-645","catch_line":"Limits on expenditures authorized under \u00a7 10.1-638 B; sale of resulting facilities; sale of stored water; renting facilities","order_by":null,"url":"\/10.1-645\/"}],"permalink":{"id":144703,"object_type":"law","relational_id":85645,"identifier":"10.1-646","token":"10.1\/I\/6\/4\/10.1-646","url":"\/10.1-646\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-646\/","token":"10.1\/I\/6\/4\/10.1-646","dublin_core":{"Title":"Purchase price and terms of sales authorized by \u00a7 10.1-645","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-646","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

When an entity, as the term is used in \u00a7 10.1-645<\/a>, agrees to purchase a facility<\/span> and the rights incident thereto resulting from the storing of additional water in feasible flood prevention sites or the strengthening of foundations and appurtenances of feasible flood prevention sites in which the Board<\/span> has invested pursuant to \u00a7 10.1-638<\/a> B, the purchase price shall be the total expenditure from the revolving fund<\/span> by the Board<\/span> for such facility<\/span> plus a surcharge of three percent annually on all funds<\/span> expended for the facility<\/span>, other than funds<\/span> expended pursuant to \u00a7 10.1-638<\/a> C, from the date of expenditure to the date of purchase by the purchasing entity.\n\t\tWith the approval of the Board<\/span>, the purchasing entity may finance the purchase price, or any portion thereof, of the facility<\/span> under the terms and conditions of \u00a7\u00a7 10.1-638<\/a> A and 10.1-643<\/a>, and the provisions of \u00a7\u00a7 10.1-643<\/a> and 10.1-644<\/a> shall apply, mutatis mutandis<\/span>, to such financing. If a purchasing entity finances the purchase of a facility<\/span> as hereinabove provided, such purchasing entity shall not be precluded from applying for a loan authorized by \u00a7 10.1-638<\/a> A to the limit imposed by that section to complete any facility<\/span> purchased to store additional water.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPURCHASE PRICE AND TERMS OF SALES AUTHORIZED BY \u00a7 10.1-645 (\u00a7 10.1-646)\n\nWhen an entity, as the term is used in \u00a7 10.1-645, agrees to purchase a\nfacility and the rights incident thereto resulting from the storing of\nadditional water in feasible flood prevention sites or the strengthening of\nfoundations and appurtenances of feasible flood prevention sites in which the\nBoard has invested pursuant to \u00a7 10.1-638 B, the purchase price shall be the\ntotal expenditure from the revolving fund by the Board for such facility plus a\nsurcharge of three percent annually on all funds expended for the facility,\nother than funds expended pursuant to \u00a7 10.1-638 C, from the date of\nexpenditure to the date of purchase by the purchasing entity.\n\t\tWith the approval of the Board, the purchasing entity may finance the purchase\nprice, or any portion thereof, of the facility under the terms and conditions of\n\u00a7\u00a7 10.1-638 A and 10.1-643, and the provisions of \u00a7\u00a7 10.1-643 and 10.1-644\nshall apply, mutatis mutandis, to such financing. If a purchasing entity\nfinances the purchase of a facility as hereinabove provided, such purchasing\nentity shall not be precluded from applying for a loan authorized by \u00a7 10.1-638\nA to the limit imposed by that section to complete any facility purchased to\nstore additional water.\n\nHISTORY: 1970, c. 591, \u00a7 21-11.10; 1972, c. 821; 1988, c. 891.","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}}