{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2436.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2436.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2436.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2436.html"}],"law_id":82075,"edition_id":1,"section_id":82075,"structure_id":13928,"section_number":"15.2-2436","catch_line":"Prioritization of loans","history":"2010, c. 724.","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 or (ii) serve two or more local governments to encourage regional cooperation.","order_by":null,"text":{"0":{"id":294142,"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 or (ii) serve two or more local governments to encourage regional cooperation.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2436\/","history_text":"<p>This law was first created in 2010. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0724\">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":false,"permalink":{"id":155853,"object_type":"law","relational_id":82075,"identifier":"15.2-2436","token":"15.2\/II\/24.3\/15.2-2436","url":"\/15.2-2436\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2436\/","token":"15.2\/II\/24.3\/15.2-2436","dublin_core":{"Title":"Prioritization of loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2436","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>In approving loans, the <span class=\"dictionary\">Authority<\/span> shall give preference to loans for <span class=\"dictionary\">projects<\/span> that will (i) utilize private industry in the operation and maintenance of such <span class=\"dictionary\">projects<\/span> where a <span class=\"dictionary\">material<\/span> savings in cost can be shown over public operation and maintenance or (ii) serve two or more <span class=\"dictionary\">local governments<\/span> to encourage regional cooperation.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPRIORITIZATION OF LOANS (\u00a7 15.2-2436)\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 or (ii) serve two or more local governments to encourage regional\ncooperation.\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}}