{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-647.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-647.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-647.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-647.html"}],"law_id":54015,"edition_id":1,"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","history":"1970, c. 591, \u00a7 21-11.12; 1988, c. 891.","full_text":"No facility financed from the revolving fund under the provisions of this article, in whole or in part, shall be sold by an entity when any portion of the debt owed to the revolving fund remains unpaid. However, if the purchaser is an entity having the taxing power, then such sale may be made even though all or a portion of the debt to the revolving fund remains unpaid, if the purchasing entity agrees to assume the obligation to repay the outstanding debt and all interest thereon. If such sale is approved by the Board, then the purchasing entity shall be solely liable for the obligations undertaken by the principal debtor, and the principal debtor shall be released therefrom.","order_by":null,"text":{"0":{"id":198309,"text":"No facility financed from the revolving fund under the provisions of this article, in whole or in part, shall be sold by an entity when any portion of the debt owed to the revolving fund remains unpaid. However, if the purchaser is an entity having the taxing power, then such sale may be made even though all or a portion of the debt to the revolving fund remains unpaid, if the purchasing entity agrees to assume the obligation to repay the outstanding debt and all interest thereon. If such sale is approved by the Board, then the purchasing entity shall be solely liable for the obligations undertaken by the principal debtor, and the principal debtor shall be released therefrom.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-647\/","history_text":"<p>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 1 time. 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. That modification is as follows: in 1988, chapter 891.<\/p>","references":false,"refers_to":false,"permalink":{"id":144707,"object_type":"law","relational_id":54015,"identifier":"10.1-647","token":"10.1\/I\/6\/4\/10.1-647","url":"\/10.1-647\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-647\/","token":"10.1\/I\/6\/4\/10.1-647","dublin_core":{"Title":"Disposition of facilities financed under article when part of debt remains outstanding","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-647","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>No <span class=\"dictionary\">facility<\/span> financed from the <span class=\"dictionary\">revolving fund<\/span> under the provisions of this article, in whole or in part, shall be sold by an entity when any portion of the debt owed to the <span class=\"dictionary\">revolving fund<\/span> remains unpaid. However, if the purchaser is an entity having the taxing power, then such sale may be made even though all or a portion of the debt to the <span class=\"dictionary\">revolving fund<\/span> remains unpaid, if the purchasing entity agrees to assume the obligation to repay the outstanding debt and all interest thereon. If such sale is approved by the <span class=\"dictionary\">Board<\/span>, then the purchasing entity shall be solely liable for the obligations undertaken by the principal debtor, and the principal debtor shall be released therefrom.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDISPOSITION OF FACILITIES FINANCED UNDER ARTICLE WHEN PART OF DEBT REMAINS\nOUTSTANDING (\u00a7 10.1-647)\n\nNo facility financed from the revolving fund under the provisions of this\narticle, in whole or in part, shall be sold by an entity when any portion of the\ndebt owed to the revolving fund remains unpaid. However, if the purchaser is an\nentity having the taxing power, then such sale may be made even though all or a\nportion of the debt to the revolving fund remains unpaid, if the purchasing\nentity agrees to assume the obligation to repay the outstanding debt and all\ninterest thereon. If such sale is approved by the Board, then the purchasing\nentity shall be solely liable for the obligations undertaken by the principal\ndebtor, and the principal debtor shall be released therefrom.\n\nHISTORY: 1970, c. 591, \u00a7 21-11.12; 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}}