{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-1301.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-1301.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-1301.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-1301.html"}],"law_id":83819,"edition_id":1,"section_id":83819,"structure_id":15669,"section_number":"15.2-1301","catch_line":"Voluntary economic growth-sharing agreements","history":"1996, cc. 713, 725, 743, \u00a7 15.1-21.2; 1997, c. 587; 2013, cc. 578, 612; 2014, c. 470; 2018, c. 728; 2023, cc. 506, 507; 2024, cc. 225, 242.","full_text":"A\n\nAny county, city or town, or combination thereof, may enter voluntarily into an agreement with any other county, city or town, or combination thereof, whereby the locality may agree for any purpose otherwise permitted, including the provision on a multi-jurisdictional basis of one or more public services or facilities or any type of economic development project, to enter into binding fiscal arrangements for fixed time periods, to exceed one year, to share in the benefits of the economic growth of their localities. However, if any such agreement contains any provision addressing any issue provided for in Chapter 32 (§ 15.2-3200 et seq.), 33 (§ 15.2-3300 et seq.), 36 (§ 15.2-3600 et seq.), 38 (§ 15.2-3800 et seq.), 39 (§ 15.2-3900 et seq.), or 41 (§ 15.2-4100 et seq.), the agreement shall be subject to the review and implementation process established by Chapter 34 (§ 15.2-3400 et seq.). All such agreements, including those that address any issue provided for in Chapter 32, 33, 36, 38, 39, or 41, shall require, at least annually, a report from each locality that is a recipient of funds pursuant to the agreement to each of the other governing bodies of the participating localities that includes (i) the amount of money transferred among the localities pursuant to the agreement and (ii) the uses of such funds by the localities. The parties to any such agreement that has been in effect for at least 10 years as of July 1, 2018, and pursuant to which annual payments exceed $5 million, shall (a) comply with the reporting requirements of this subsection, notwithstanding whether such requirements are contained in the existing agreement and (b) convene an annual meeting to discuss anticipated future plans for economic growth in the localities.B\n\nThe terms and conditions of the revenue, tax base or economic growth-sharing agreement as provided in subsection A shall be determined by the affected localities and shall be approved by the governing body of each locality participating in the agreement, provided the governing body of each such locality first holds a public hearing, which shall be advertised twice, with the first notice appearing no more than 28 days before and the second notice appearing no less than seven days before the hearing, in a newspaper of general circulation in the locality. However, the public hearing shall not take place until the Commission on Local Government has issued its findings in accordance with subsection D. For purposes of this section, “revenue, tax base, and economic growth-sharing agreements” means any agreement authorized by subsection A which obligates any locality to pay another locality all or any portion of designated taxes or other revenues received by that political subdivision, but shall not include any interlocal service agreement.C\n\nAny revenue, tax base or economic growth-sharing agreement entered into under the provisions of this section that creates a debt pursuant to Article VII, § 10 (b) of the Constitution of Virginia, shall require the board of supervisors to hold a special election on the question as provided in § 15.2-3401.D\n\nRevenue, tax base, and economic growth-sharing agreements drafted under the provisions of this chapter shall be submitted to the Commission on Local Government for review as provided in subdivision 4 of § 15.2-2903. However, no such review shall be required for two or more localities entering into an economic growth-sharing agreement pursuant to this section in order to facilitate the reception of grants for qualified companies in such locality pursuant to the Port of Virginia Economic and Infrastructure Development Grant Fund and Program established pursuant to § 62.1-132.3:2.","order_by":null,"text":{"0":{"id":300423,"text":"Any county, city or town, or combination thereof, may enter voluntarily into an agreement with any other county, city or town, or combination thereof, whereby the locality may agree for any purpose otherwise permitted, including the provision on a multi-jurisdictional basis of one or more public services or facilities or any type of economic development project, to enter into binding fiscal arrangements for fixed time periods, to exceed one year, to share in the benefits of the economic growth of their localities. However, if any such agreement contains any provision addressing any issue provided for in Chapter 32 (§ 15.2-3200 et seq.), 33 (§ 15.2-3300 et seq.), 36 (§ 15.2-3600 et seq.), 38 (§ 15.2-3800 et seq.), 39 (§ 15.2-3900 et seq.), or 41 (§ 15.2-4100 et seq.), the agreement shall be subject to the review and implementation process established by Chapter 34 (§ 15.2-3400 et seq.). All such agreements, including those that address any issue provided for in Chapter 32, 33, 36, 38, 39, or 41, shall require, at least annually, a report from each locality that is a recipient of funds pursuant to the agreement to each of the other governing bodies of the participating localities that includes (i) the amount of money transferred among the localities pursuant to the agreement and (ii) the uses of such funds by the localities. The parties to any such agreement that has been in effect for at least 10 years as of July 1, 2018, and pursuant to which annual payments exceed $5 million, shall (a) comply with the reporting requirements of this subsection, notwithstanding whether such requirements are contained in the existing agreement and (b) convene an annual meeting to discuss anticipated future plans for economic growth in the localities.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":300424,"text":"The terms and conditions of the revenue, tax base or economic growth-sharing agreement as provided in subsection A shall be determined by the affected localities and shall be approved by the governing body of each locality participating in the agreement, provided the governing body of each such locality first holds a public hearing, which shall be advertised twice, with the first notice appearing no more than 28 days before and the second notice appearing no less than seven days before the hearing, in a newspaper of general circulation in the locality. However, the public hearing shall not take place until the Commission on Local Government has issued its findings in accordance with subsection D. For purposes of this section, “revenue, tax base, and economic growth-sharing agreements” means any agreement authorized by subsection A which obligates any locality to pay another locality all or any portion of designated taxes or other revenues received by that political subdivision, but shall not include any interlocal service agreement.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":300425,"text":"Any revenue, tax base or economic growth-sharing agreement entered into under the provisions of this section that creates a debt pursuant to Article VII, § 10 (b) of the Constitution of Virginia, shall require the board of supervisors to hold a special election on the question as provided in § 15.2-3401.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":300426,"text":"Revenue, tax base, and economic growth-sharing agreements drafted under the provisions of this chapter shall be submitted to the Commission on Local Government for review as provided in subdivision 4 of § 15.2-2903. However, no such review shall be required for two or more localities entering into an economic growth-sharing agreement pursuant to this section in order to facilitate the reception of grants for qualified companies in such locality pursuant to the Port of Virginia Economic and Infrastructure Development Grant Fund and Program established pursuant to § 62.1-132.3:2.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":15669,"edition_id":1,"name":"Joint Exercise of Powers","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":15668,"metadata":{},"date_created":"2026-06-26 03:57:39","date_modified":"2026-06-26 03:57:39","permalink":{"id":152769,"object_type":"structure","relational_id":15669,"identifier":"1","token":"15.2\/II\/13\/1","url":"\/15.2\/II\/13\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":15668,"edition_id":1,"name":"Joint Actions by Localities","identifier":"13","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:57:39","date_modified":"2026-06-26 03:57:39","permalink":{"id":152767,"object_type":"structure","relational_id":15668,"identifier":"13","token":"15.2\/II\/13","url":"\/15.2\/II\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12733,"edition_id":1,"name":"Powers of Local Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":152369,"object_type":"structure","relational_id":12733,"identifier":"II","token":"15.2\/II","url":"\/15.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":59950,"structure_id":15669,"section_number":"15.2-1300","catch_line":"Joint exercise of powers by political subdivisions","url":"\/15.2-1300\/","token":"15.2\/II\/13\/1\/15.2-1300","metadata":false},{"id":72526,"structure_id":15669,"section_number":"15.2-1300.1","catch_line":"Joint aid agreements by localities","url":"\/15.2-1300.1\/","token":"15.2\/II\/13\/1\/15.2-1300.1","metadata":false},{"id":83819,"structure_id":15669,"section_number":"15.2-1301","catch_line":"Voluntary economic growth-sharing agreements","url":"\/15.2-1301\/","token":"15.2\/II\/13\/1\/15.2-1301","metadata":false},{"id":79748,"structure_id":15669,"section_number":"15.2-1302","catch_line":"Certain Commonwealth distributions to localities","url":"\/15.2-1302\/","token":"15.2\/II\/13\/1\/15.2-1302","metadata":false}],"previous_section":{"id":72526,"structure_id":15669,"section_number":"15.2-1300.1","catch_line":"Joint aid agreements by localities","url":"\/15.2-1300.1\/","token":"15.2\/II\/13\/1\/15.2-1300.1","metadata":false},"next_section":{"id":79748,"structure_id":15669,"section_number":"15.2-1302","catch_line":"Certain Commonwealth distributions to localities","url":"\/15.2-1302\/","token":"15.2\/II\/13\/1\/15.2-1302","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-1301\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapters 713<\/a>, 725<\/a>, and 743<\/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 6 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 1997, chapter 587<\/a>; in 2013, chapters 578<\/a> and 612<\/a>; in 2014, chapter 470<\/a>; in 2018, chapter 728<\/a>; in 2023, chapters 506<\/a> and 507<\/a>; in 2024, chapters 225<\/a> and 242<\/a>.<\/p>","references":[{"id":79307,"section_number":"36-132.1","catch_line":"Commission on Local Government","order_by":null,"url":"\/36-132.1\/"}],"refers_to":[{"id":60350,"section_number":"15.2-2903","catch_line":"General powers and duties of Commission","order_by":null,"url":"\/15.2-2903\/"},{"id":55382,"section_number":"15.2-3200","catch_line":"Boundaries of cities and towns to remain as established until changed","order_by":null,"url":"\/15.2-3200\/"},{"id":63407,"section_number":"15.2-3300","catch_line":"Purposes of chapter","order_by":null,"url":"\/15.2-3300\/"},{"id":75841,"section_number":"15.2-3400","catch_line":"Voluntary settlements among local governments","order_by":null,"url":"\/15.2-3400\/"},{"id":57952,"section_number":"15.2-3600","catch_line":"Petition for incorporation of community; appointment of special court","order_by":null,"url":"\/15.2-3600\/"},{"id":80368,"section_number":"15.2-3800","catch_line":"Ordinance petitioning court for city status; appointment of special court","order_by":null,"url":"\/15.2-3800\/"},{"id":78407,"section_number":"15.2-3900","catch_line":"Transition authorized","order_by":null,"url":"\/15.2-3900\/"},{"id":78761,"section_number":"15.2-4100","catch_line":"City may change to town status","order_by":null,"url":"\/15.2-4100\/"},{"id":74633,"section_number":"62.1-132.3:2","catch_line":"Port of Virginia Economic and Infrastructure Development Grant Fund and Program","order_by":null,"url":"\/62.1-132.3_2\/"}],"permalink":{"id":152779,"object_type":"law","relational_id":83819,"identifier":"15.2-1301","token":"15.2\/II\/13\/1\/15.2-1301","url":"\/15.2-1301\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-1301\/","token":"15.2\/II\/13\/1\/15.2-1301","dublin_core":{"Title":"Voluntary economic growth-sharing agreements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-1301","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Any county<\/span>, city<\/span> or town<\/span>, or combination thereof, may enter voluntarily into an agreement with any other county<\/span>, city<\/span> or town<\/span>, or combination thereof, whereby the locality<\/span> may agree for any purpose otherwise permitted, including the provision on a multi-jurisdictional basis of one or more public services or facilities or any type of economic development project, to enter into binding fiscal arrangements for fixed time periods, to exceed one year, to share in the benefits of the economic growth of their localities. However, if any such agreement contains any provision addressing any issue<\/span> provided for in Chapter 32 (§ 15.2-3200<\/a> et seq.), 33 (§ 15.2-3300<\/a> et seq.), 36 (§ 15.2-3600<\/a> et seq.), 38 (§ 15.2-3800<\/a> et seq.), 39 (§ 15.2-3900<\/a> et seq.), or 41 (§ 15.2-4100<\/a> et seq.), the agreement shall be subject to the review and implementation process established by Chapter 34 (§ 15.2-3400<\/a> et seq.). All such agreements, including those that address any issue<\/span> provided for in Chapter 32, 33, 36, 38, 39, or 41, shall require, at least annually, a report from each locality<\/span> that is a recipient of funds pursuant to the agreement to each of the other governing bodies of the participating localities that includes (i) the amount of money transferred among the localities pursuant to the agreement and (ii) the uses of such funds by the localities. The parties to any such agreement that has been in effect for at least 10 years as of July 1, 2018, and pursuant to which annual payments exceed $5 million, shall (a) comply with the reporting requirements of this subsection, notwithstanding whether such requirements are contained in the existing agreement and (b) convene an annual meeting to discuss anticipated future plans for economic growth in the localities. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The terms and conditions of the revenue, tax base or economic growth-sharing agreement as provided in subsection A shall be determined by the affected localities and shall be approved by the governing body<\/span> of each locality<\/span> participating in the agreement, provided the governing body<\/span> of each such locality<\/span> first holds a public hearing<\/span>, which shall be advertised twice, with the first notice appearing no more than 28 days before and the second notice appearing no less than seven days before the hearing<\/span>, in a newspaper of general circulation in the locality<\/span>. However, the public hearing<\/span> shall not take place until the Commission on Local Government<\/span> has issued its findings<\/span> in accordance with subsection D. For purposes of this section, “revenue, tax base, and economic growth-sharing agreements<\/span>” means any agreement authorized by subsection A which obligates any locality<\/span> to pay another locality<\/span> all or any portion of designated taxes or other revenues received by that political subdivision, but shall not include any interlocal service agreement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Any revenue, tax base or economic growth-sharing agreement entered into under the provisions of this section that creates a debt pursuant to Article VII, § 10 (b) of the Constitution of Virginia, shall require the board of supervisors<\/span> to hold a special election on the question as provided in § 15.2-3401<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Revenue, tax base, and economic growth-sharing agreements<\/span> drafted under the provisions of this chapter shall be submitted to the Commission on Local Government<\/span> for review as provided in subdivision 4 of § 15.2-2903<\/a>. However, no such review shall be required for two or more localities entering into an economic growth-sharing agreement pursuant to this section in order<\/span> to facilitate the reception of grants for qualified companies in such locality<\/span> pursuant to the Port of Virginia Economic and Infrastructure Development Grant Fund and Program established pursuant to § 62.1-132.3:2<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nVOLUNTARY ECONOMIC GROWTH-SHARING AGREEMENTS (\u00a7 15.2-1301)\n\nA. Any county, city or town, or combination thereof, may enter voluntarily into\nan agreement with any other county, city or town, or combination thereof,\nwhereby the locality may agree for any purpose otherwise permitted, including\nthe provision on a multi-jurisdictional basis of one or more public services or\nfacilities or any type of economic development project, to enter into binding\nfiscal arrangements for fixed time periods, to exceed one year, to share in the\nbenefits of the economic growth of their localities. However, if any such\nagreement contains any provision addressing any issue provided for in Chapter 32\n(§ 15.2-3200 et seq.), 33 (§ 15.2-3300 et seq.), 36 (§ 15.2-3600\net seq.), 38 (§ 15.2-3800 et seq.), 39 (§ 15.2-3900 et seq.), or 41\n(§ 15.2-4100 et seq.), the agreement shall be subject to the review and\nimplementation process established by Chapter 34 (§ 15.2-3400 et seq.). All\nsuch agreements, including those that address any issue provided for in Chapter\n32, 33, 36, 38, 39, or 41, shall require, at least annually, a report from each\nlocality that is a recipient of funds pursuant to the agreement to each of the\nother governing bodies of the participating localities that includes (i) the\namount of money transferred among the localities pursuant to the agreement and\n(ii) the uses of such funds by the localities. The parties to any such agreement\nthat has been in effect for at least 10 years as of July 1, 2018, and pursuant\nto which annual payments exceed $5 million, shall (a) comply with the reporting\nrequirements of this subsection, notwithstanding whether such requirements are\ncontained in the existing agreement and (b) convene an annual meeting to discuss\nanticipated future plans for economic growth in the localities.\n\nB. The terms and conditions of the revenue, tax base or economic growth-sharing\nagreement as provided in subsection A shall be determined by the affected\nlocalities and shall be approved by the governing body of each locality\nparticipating in the agreement, provided the governing body of each such\nlocality first holds a public hearing, which shall be advertised twice, with the\nfirst notice appearing no more than 28 days before and the second notice\nappearing no less than seven days before the hearing, in a newspaper of general\ncirculation in the locality. However, the public hearing shall not take place\nuntil the Commission on Local Government has issued its findings in accordance\nwith subsection D. For purposes of this section, “revenue, tax base, and\neconomic growth-sharing agreements” means any agreement authorized by\nsubsection A which obligates any locality to pay another locality all or any\nportion of designated taxes or other revenues received by that political\nsubdivision, but shall not include any interlocal service agreement.\n\nC. Any revenue, tax base or economic growth-sharing agreement entered into under\nthe provisions of this section that creates a debt pursuant to Article VII,\n§ 10 (b) of the Constitution of Virginia, shall require the board of\nsupervisors to hold a special election on the question as provided in §\n15.2-3401.\n\nD. Revenue, tax base, and economic growth-sharing agreements drafted under the\nprovisions of this chapter shall be submitted to the Commission on Local\nGovernment for review as provided in subdivision 4 of § 15.2-2903. However,\nno such review shall be required for two or more localities entering into an\neconomic growth-sharing agreement pursuant to this section in order to\nfacilitate the reception of grants for qualified companies in such locality\npursuant to the Port of Virginia Economic and Infrastructure Development Grant\nFund and Program established pursuant to § 62.1-132.3:2.\n\nHISTORY: 1996, cc. 713, 725, 743, \u00a7 15.1-21.2; 1997, c. 587; 2013, cc. 578,\n612; 2014, c. 470; 2018, c. 728; 2023, cc. 506, 507; 2024, cc. 225, 242.","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}}