{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2434.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2434.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2434.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2434.html"}],"law_id":79751,"edition_id":1,"section_id":79751,"structure_id":13928,"section_number":"15.2-2434","catch_line":"Collection of money due Fund","history":"2010, c. 724.","full_text":"The Authority is empowered to collect, or to authorize others to collect on its behalf, amounts due to the Fund under any loan to a local government, including, if appropriate, taking the action required by \u00a7 15.2-2659 to obtain payment of any amounts in default. Proceedings to recover amounts due to the Fund may be instituted by the Authority in the name of the Fund in the appropriate circuit court.","order_by":null,"text":{"0":{"id":285760,"text":"The Authority is empowered to collect, or to authorize others to collect on its behalf, amounts due to the Fund under any loan to a local government, including, if appropriate, taking the action required by \u00a7 15.2-2659 to obtain payment of any amounts in default. Proceedings to recover amounts due to the Fund may be instituted by the Authority in the name of the Fund in the appropriate circuit court.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13928,"edition_id":1,"name":"Virginia Infrastructure Project Loan Fund","identifier":"24.3","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:46:19","date_modified":"2026-06-26 03:46:19","permalink":{"id":155827,"object_type":"structure","relational_id":13928,"identifier":"24.3","token":"15.2\/II\/24.3","url":"\/15.2\/II\/24.3\/","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":63595,"structure_id":13928,"section_number":"15.2-2430","catch_line":"Definitions","url":"\/15.2-2430\/","token":"15.2\/II\/24.3\/15.2-2430","metadata":false},{"id":71439,"structure_id":13928,"section_number":"15.2-2431","catch_line":"Creation and management of Fund","url":"\/15.2-2431\/","token":"15.2\/II\/24.3\/15.2-2431","metadata":false},{"id":66041,"structure_id":13928,"section_number":"15.2-2432","catch_line":"Deposit of money; expenditures; investments","url":"\/15.2-2432\/","token":"15.2\/II\/24.3\/15.2-2432","metadata":false},{"id":85464,"structure_id":13928,"section_number":"15.2-2433","catch_line":"Annual audit","url":"\/15.2-2433\/","token":"15.2\/II\/24.3\/15.2-2433","metadata":false},{"id":79751,"structure_id":13928,"section_number":"15.2-2434","catch_line":"Collection of money due Fund","url":"\/15.2-2434\/","token":"15.2\/II\/24.3\/15.2-2434","metadata":false},{"id":54983,"structure_id":13928,"section_number":"15.2-2435","catch_line":"Loans to local governments","url":"\/15.2-2435\/","token":"15.2\/II\/24.3\/15.2-2435","metadata":false},{"id":82075,"structure_id":13928,"section_number":"15.2-2436","catch_line":"Prioritization of loans","url":"\/15.2-2436\/","token":"15.2\/II\/24.3\/15.2-2436","metadata":false},{"id":57937,"structure_id":13928,"section_number":"15.2-2437","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/15.2-2437\/","token":"15.2\/II\/24.3\/15.2-2437","metadata":false},{"id":83342,"structure_id":13928,"section_number":"15.2-2438","catch_line":"Sale of loans","url":"\/15.2-2438\/","token":"15.2\/II\/24.3\/15.2-2438","metadata":false},{"id":69554,"structure_id":13928,"section_number":"15.2-2439","catch_line":"Powers of the Authority","url":"\/15.2-2439\/","token":"15.2\/II\/24.3\/15.2-2439","metadata":false},{"id":83831,"structure_id":13928,"section_number":"15.2-2440","catch_line":"Liberal construction of chapter","url":"\/15.2-2440\/","token":"15.2\/II\/24.3\/15.2-2440","metadata":false}],"previous_section":{"id":85464,"structure_id":13928,"section_number":"15.2-2433","catch_line":"Annual audit","url":"\/15.2-2433\/","token":"15.2\/II\/24.3\/15.2-2433","metadata":false},"next_section":{"id":54983,"structure_id":13928,"section_number":"15.2-2435","catch_line":"Loans to local governments","url":"\/15.2-2435\/","token":"15.2\/II\/24.3\/15.2-2435","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2434\/","history_text":"

This law was first created in 2010. The record of its establishment is cataloged in chapter 724<\/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.<\/p>","references":false,"refers_to":[{"id":78015,"section_number":"15.2-2659","catch_line":"Investigation by Governor of alleged defaults; withholding state funds from defaulting locality; payment of funds withheld; receipts, reports, etc.; magisterial and school district defaults included","order_by":null,"url":"\/15.2-2659\/"}],"permalink":{"id":155845,"object_type":"law","relational_id":79751,"identifier":"15.2-2434","token":"15.2\/II\/24.3\/15.2-2434","url":"\/15.2-2434\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2434\/","token":"15.2\/II\/24.3\/15.2-2434","dublin_core":{"Title":"Collection of money due Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2434","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> is empowered to collect, or to authorize others to collect on its behalf, amounts due to the Fund<\/span> under any loan to a local government<\/span>, including, if appropriate, taking the action required by \u00a7 15.2-2659<\/a> to obtain payment of any amounts in default<\/span>. Proceedings to recover amounts due to the Fund<\/span> may be instituted by the Authority<\/span> in the name of the Fund<\/span> in the appropriate circuit<\/span> court<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCOLLECTION OF MONEY DUE FUND (\u00a7 15.2-2434)\n\nThe Authority is empowered to collect, or to authorize others to collect on its\nbehalf, amounts due to the Fund under any loan to a local government, including,\nif appropriate, taking the action required by \u00a7 15.2-2659 to obtain payment of\nany amounts in default. Proceedings to recover amounts due to the Fund may be\ninstituted by the Authority in the name of the Fund in the appropriate circuit\ncourt.\n\nHISTORY: 2010, c. 724.","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}}