{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/11-7.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/11-7.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/11-7.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/11-7.1.html"}],"law_id":63830,"edition_id":1,"section_id":63830,"structure_id":14846,"section_number":"11-7.1","catch_line":"Certain entities’ authority to extend performance agreements","history":"2009, c. 224; 2013, c. 482.","full_text":"A\n\nThe Department of Small Business and Supplier Diversity, the Virginia Economic Development Partnership Authority, the Virginia Tourism Authority, the Tobacco Region Revitalization Commission, a nonprofit, nonstock corporation created pursuant to § 2.2-2240.1, any county, city, or town, or local or regional industrial or economic development authorities created in accordance with law have the authority, upon the agreement of the parties, to extend the performance period for any performance agreement.B\n\nFor the purposes of this section, “performance agreement” means any agreement, contract, or memorandum of understanding that imposes an obligation for minimum private investment or the creation of new jobs in exchange for grants or other funds, or loans of money from an entity specified in subsection A.C\n\nNothing in this section shall be construed or interpreted to authorize or allow for any payment or appropriation of funds except as provided in the general appropriation act.","order_by":null,"text":{"0":{"id":232537,"text":"The Department of Small Business and Supplier Diversity, the Virginia Economic Development Partnership Authority, the Virginia Tourism Authority, the Tobacco Region Revitalization Commission, a nonprofit, nonstock corporation created pursuant to § 2.2-2240.1, any county, city, or town, or local or regional industrial or economic development authorities created in accordance with law have the authority, upon the agreement of the parties, to extend the performance period for any performance agreement.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":232538,"text":"For the purposes of this section, “performance agreement” means any agreement, contract, or memorandum of understanding that imposes an obligation for minimum private investment or the creation of new jobs in exchange for grants or other funds, or loans of money from an entity specified in subsection A.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":232539,"text":"Nothing in this section shall be construed or interpreted to authorize or allow for any payment or appropriation of funds except as provided in the general appropriation act.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14846,"edition_id":1,"name":"General Provisions","identifier":"1","label":"chapter","depth":2,"order_by":1,"parent_id":13773,"metadata":{},"date_created":"2026-06-26 03:50:21","date_modified":"2026-06-26 03:50:21","permalink":{"id":147111,"object_type":"structure","relational_id":14846,"identifier":"1","token":"11\/1","url":"\/11\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13773,"edition_id":1,"name":"Contracts","identifier":"11","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:45:51","date_modified":"2026-06-26 03:45:51","permalink":{"id":147109,"object_type":"structure","relational_id":13773,"identifier":"11","token":"11","url":"\/11\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":69745,"structure_id":14846,"section_number":"11-1","catch_line":"Certain contracts void as to creditors and purchasers unless in writing; 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writings not purporting to be sealed","url":"\/11-3\/","token":"11\/1\/11-3","metadata":false},{"id":56755,"structure_id":14846,"section_number":"11-4","catch_line":"Sizes of type in printed contracts","url":"\/11-4\/","token":"11\/1\/11-4","metadata":false},{"id":66161,"structure_id":14846,"section_number":"11-4.1","catch_line":"Certain indemnification provisions in construction contracts declared void","url":"\/11-4.1\/","token":"11\/1\/11-4.1","metadata":false},{"id":71739,"structure_id":14846,"section_number":"11-4.1:1","catch_line":"Waiver of payment bond claims and contract claims; construction contracts","url":"\/11-4.1_1\/","token":"11\/1\/11-4.1_1","metadata":false},{"id":66462,"structure_id":14846,"section_number":"11-4.2","catch_line":"Repealed","url":"\/11-4.2\/","token":"11\/1\/11-4.2","metadata":false},{"id":65407,"structure_id":14846,"section_number":"11-4.3","catch_line":"When acceleration of payment or repossession of consumer goods not allowed","url":"\/11-4.3\/","token":"11\/1\/11-4.3","metadata":false},{"id":77848,"structure_id":14846,"section_number":"11-4.4","catch_line":"Certain indemnification and duty to defend provisions in contracts with design professionals declared void","url":"\/11-4.4\/","token":"11\/1\/11-4.4","metadata":false},{"id":58817,"structure_id":14846,"section_number":"11-4.5","catch_line":"Certain indemnification provisions in motor carrier transportation contracts declared void","url":"\/11-4.5\/","token":"11\/1\/11-4.5","metadata":false},{"id":87261,"structure_id":14846,"section_number":"11-4.6","catch_line":"Required contract provisions in construction contracts","url":"\/11-4.6\/","token":"11\/1\/11-4.6","metadata":false},{"id":63570,"structure_id":14846,"section_number":"11-5","catch_line":"Repealed","url":"\/11-5\/","token":"11\/1\/11-5","metadata":false},{"id":63830,"structure_id":14846,"section_number":"11-7.1","catch_line":"Certain entities' authority to extend performance agreements","url":"\/11-7.1\/","token":"11\/1\/11-7.1","metadata":false},{"id":70205,"structure_id":14846,"section_number":"11-8","catch_line":"Instruments executed by minors or surviving spouses to obtain benefits under certain federal legislation","url":"\/11-8\/","token":"11\/1\/11-8","metadata":false},{"id":85376,"structure_id":14846,"section_number":"11-9","catch_line":"Writing payable to deceased person","url":"\/11-9\/","token":"11\/1\/11-9","metadata":false},{"id":61688,"structure_id":14846,"section_number":"11-9.1","catch_line":"Repealed","url":"\/11-9.1\/","token":"11\/1\/11-9.1","metadata":false},{"id":61148,"structure_id":14846,"section_number":"11-9.8","catch_line":"Construction of certain terms of offer to contract; 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This law was first created in 2009. The record of its establishment is cataloged in chapter 224<\/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. 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 2013, chapter 482<\/a>.<\/p>","references":false,"refers_to":[{"id":58846,"section_number":"2.2-2240.1","catch_line":"Grants paid to the Authority to promote research, development, and commercialization of products","order_by":null,"url":"\/2.2-2240.1\/"}],"permalink":{"id":147181,"object_type":"law","relational_id":63830,"identifier":"11-7.1","token":"11\/1\/11-7.1","url":"\/11-7.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/11-7.1\/","token":"11\/1\/11-7.1","dublin_core":{"Title":"Certain entities’ authority to extend performance agreements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 11-7.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Department of Small Business and Supplier Diversity, the Virginia Economic Development Partnership Authority, the Virginia Tourism Authority, the Tobacco Region Revitalization Commission, a nonprofit, nonstock corporation created pursuant to § 2.2-2240.1<\/a>, any county, city, or town, or local or regional industrial or economic development authorities created in accordance with law<\/span> have the authority, upon the agreement of the parties, to extend the performance period for any performance agreement<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> For the purposes of this section, “performance agreement<\/span>” means any agreement, contract<\/span>, or memorandum<\/span> of understanding that imposes an obligation for minimum private investment or the creation of new jobs in exchange for grants or other funds, or loans of money from an entity specified in subsection A. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Nothing in this section shall be construed or interpreted to authorize or allow for any payment or appropriation of funds except as provided in the general appropriation act. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCERTAIN ENTITIES’ AUTHORITY TO EXTEND PERFORMANCE AGREEMENTS (\u00a7 11-7.1)\n\nA. The Department of Small Business and Supplier Diversity, the Virginia\nEconomic Development Partnership Authority, the Virginia Tourism Authority, the\nTobacco Region Revitalization Commission, a nonprofit, nonstock corporation\ncreated pursuant to § 2.2-2240.1, any county, city, or town, or local or\nregional industrial or economic development authorities created in accordance\nwith law have the authority, upon the agreement of the parties, to extend the\nperformance period for any performance agreement.\n\nB. For the purposes of this section, “performance agreement” means\nany agreement, contract, or memorandum of understanding that imposes an\nobligation for minimum private investment or the creation of new jobs in\nexchange for grants or other funds, or loans of money from an entity specified\nin subsection A.\n\nC. Nothing in this section shall be construed or interpreted to authorize or\nallow for any payment or appropriation of funds except as provided in the\ngeneral appropriation act.\n\nHISTORY: 2009, c. 224; 2013, c. 482.","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}}