{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2438.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2438.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2438.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2438.html"}],"law_id":83342,"edition_id":1,"section_id":83342,"structure_id":13928,"section_number":"15.2-2438","catch_line":"Sale of loans","history":"2010, c. 724.","full_text":"The Authority is empowered at any time and from time to time to sell, upon such terms and conditions as the Authority shall deem appropriate, any loan, or interest therein, made pursuant to this chapter. The net proceeds of sale remaining after payment of the costs and expenses of the sale shall be designated for deposit to, and become part of, the Fund.","order_by":null,"text":{"0":{"id":298596,"text":"The Authority is empowered at any time and from time to time to sell, upon such terms and conditions as the Authority shall deem appropriate, any loan, or interest therein, made pursuant to this chapter. The net proceeds of sale remaining after payment of the costs and expenses of the sale shall be designated for deposit to, and become part of, the Fund.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2438\/","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":155861,"object_type":"law","relational_id":83342,"identifier":"15.2-2438","token":"15.2\/II\/24.3\/15.2-2438","url":"\/15.2-2438\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2438\/","token":"15.2\/II\/24.3\/15.2-2438","dublin_core":{"Title":"Sale of loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2438","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The <span class=\"dictionary\">Authority<\/span> is empowered at any time and from time to time to sell, upon such terms and conditions as the <span class=\"dictionary\">Authority<\/span> shall deem appropriate, any loan, or interest therein, made pursuant to this chapter. The net proceeds of sale remaining after payment of the costs and expenses of the sale shall be designated for deposit to, and become part of, the <span class=\"dictionary\">Fund<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nSALE OF LOANS (\u00a7 15.2-2438)\n\nThe Authority is empowered at any time and from time to time to sell, upon such\nterms and conditions as the Authority shall deem appropriate, any loan, or\ninterest therein, made pursuant to this chapter. The net proceeds of sale\nremaining after payment of the costs and expenses of the sale shall be\ndesignated for deposit to, and become part of, the Fund.\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}}