{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2425.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2425.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2425.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2425.html"}],"law_id":85830,"edition_id":1,"section_id":85830,"structure_id":14690,"section_number":"15.2-2425","catch_line":"Prioritization of loans","history":"2009, c. 131; 2020, c. 738.","full_text":"In approving loans, the Authority shall give preference to loans for projects that will (i) utilize private industry in the operation and maintenance of such projects where a material savings in cost can be shown over public operation and maintenance, (ii) serve two or more local governments to encourage regional cooperation, or (iii) provide broadband services in areas with a demonstrated need that, in the opinion of the Secretary of Administration and the Secretary of Commerce and Trade, are currently unserved by broadband providers.","order_by":null,"text":{"0":{"id":307394,"text":"In approving loans, the Authority shall give preference to loans for projects that will (i) utilize private industry in the operation and maintenance of such projects where a material savings in cost can be shown over public operation and maintenance, (ii) serve two or more local governments to encourage regional cooperation, or (iii) provide broadband services in areas with a demonstrated need that, in the opinion of the Secretary of Administration and the Secretary of Commerce and Trade, are currently unserved by broadband providers.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14690,"edition_id":1,"name":"Virginia Broadband Infrastructure Loan Fund","identifier":"24.2","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:49:22","date_modified":"2026-06-26 03:49:22","permalink":{"id":155781,"object_type":"structure","relational_id":14690,"identifier":"24.2","token":"15.2\/II\/24.2","url":"\/15.2\/II\/24.2\/","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":58955,"structure_id":14690,"section_number":"15.2-2419","catch_line":"Definitions","url":"\/15.2-2419\/","token":"15.2\/II\/24.2\/15.2-2419","metadata":false},{"id":85352,"structure_id":14690,"section_number":"15.2-2420","catch_line":"Creation and management of Fund","url":"\/15.2-2420\/","token":"15.2\/II\/24.2\/15.2-2420","metadata":false},{"id":67282,"structure_id":14690,"section_number":"15.2-2421","catch_line":"Deposit of money; expenditures; investments","url":"\/15.2-2421\/","token":"15.2\/II\/24.2\/15.2-2421","metadata":false},{"id":80985,"structure_id":14690,"section_number":"15.2-2422","catch_line":"Annual audit","url":"\/15.2-2422\/","token":"15.2\/II\/24.2\/15.2-2422","metadata":false},{"id":56328,"structure_id":14690,"section_number":"15.2-2423","catch_line":"Collection of money due Fund","url":"\/15.2-2423\/","token":"15.2\/II\/24.2\/15.2-2423","metadata":false},{"id":73012,"structure_id":14690,"section_number":"15.2-2424","catch_line":"Loans to local governments","url":"\/15.2-2424\/","token":"15.2\/II\/24.2\/15.2-2424","metadata":false},{"id":85830,"structure_id":14690,"section_number":"15.2-2425","catch_line":"Prioritization of loans","url":"\/15.2-2425\/","token":"15.2\/II\/24.2\/15.2-2425","metadata":false},{"id":81186,"structure_id":14690,"section_number":"15.2-2426","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/15.2-2426\/","token":"15.2\/II\/24.2\/15.2-2426","metadata":false},{"id":63453,"structure_id":14690,"section_number":"15.2-2427","catch_line":"Sale of loans","url":"\/15.2-2427\/","token":"15.2\/II\/24.2\/15.2-2427","metadata":false},{"id":84360,"structure_id":14690,"section_number":"15.2-2428","catch_line":"Powers of the Authority","url":"\/15.2-2428\/","token":"15.2\/II\/24.2\/15.2-2428","metadata":false},{"id":71602,"structure_id":14690,"section_number":"15.2-2429","catch_line":"Liberal construction of chapter","url":"\/15.2-2429\/","token":"15.2\/II\/24.2\/15.2-2429","metadata":false}],"previous_section":{"id":73012,"structure_id":14690,"section_number":"15.2-2424","catch_line":"Loans to local governments","url":"\/15.2-2424\/","token":"15.2\/II\/24.2\/15.2-2424","metadata":false},"next_section":{"id":81186,"structure_id":14690,"section_number":"15.2-2426","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/15.2-2426\/","token":"15.2\/II\/24.2\/15.2-2426","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2425\/","history_text":"

This law was first created in 2009. The record of its establishment is cataloged in chapter 131<\/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 2020, chapter 738<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":155807,"object_type":"law","relational_id":85830,"identifier":"15.2-2425","token":"15.2\/II\/24.2\/15.2-2425","url":"\/15.2-2425\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2425\/","token":"15.2\/II\/24.2\/15.2-2425","dublin_core":{"Title":"Prioritization of loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2425","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In approving loans, the Authority<\/span> shall give preference to loans for projects<\/span> that will (i) utilize private industry in the operation and maintenance of such projects<\/span> where a material<\/span> savings in cost can be shown over public operation and maintenance, (ii) serve two or more local governments<\/span> to encourage regional cooperation, or (iii) provide broadband services in areas with a demonstrated need that, in the opinion<\/span> of the Secretary of Administration and the Secretary of Commerce and Trade, are currently unserved by broadband providers.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPRIORITIZATION OF LOANS (\u00a7 15.2-2425)\n\nIn approving loans, the Authority shall give preference to loans for projects\nthat will (i) utilize private industry in the operation and maintenance of such\nprojects where a material savings in cost can be shown over public operation and\nmaintenance, (ii) serve two or more local governments to encourage regional\ncooperation, or (iii) provide broadband services in areas with a demonstrated\nneed that, in the opinion of the Secretary of Administration and the Secretary\nof Commerce and Trade, are currently unserved by broadband providers.\n\nHISTORY: 2009, c. 131; 2020, c. 738.","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}}