{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5601.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5601.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5601.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5601.html"}],"law_id":66897,"edition_id":1,"section_id":66897,"structure_id":15526,"section_number":"15.2-5601","catch_line":"Definitions","history":"Code 1950, \u00a7 15-714.14; 1962, c. 393, \u00a7 2, \u00a7 15.1-1272; 1973, c. 238; 1974, c. 132; 1986, c. 442; 1997, c. 587; 1999, cc. 502, 528.","full_text":"As used in this chapter, the following words and terms shall mean, unless the context indicates otherwise:\n\t\t“Authority” means an authority created under the provisions of \u00a7 15.2-5602 or, if any such authority shall be abolished the entity succeeding to the principal functions thereof.\n\t\t“Bonds” or “revenue bonds” means bonds, notes, certificates or other evidences of borrowing.\n\t\t“Cost” means, as applied to any project, all or any part of the cost of acquisition, construction, alteration, enlargement, reconstruction and remodeling of a project or portion thereof, including the cost of the acquisition of all land, rights-of-way, property, rights, easements and interests acquired by the authority for such construction, additions or expansion, the cost of demolishing or removing any building or structure on land so acquired, including the cost of acquiring any lands to which such building or structures may be removed, the cost of all labor, materials, machinery and equipment, financing charges, insurance, interest on all bonds prior to and during such construction, and during the construction of any addition or expansion, and if deemed advisable by the authority, for a period not exceeding one year after completion of such construction, addition or expansion, reserves for principal and interest and for extensions, enlargements, additions, replacements, renovations and improvements, provisions for working capital, the cost of surveys, engineering and architectural expenses, borings, plans and specifications and other engineering and architectural services, legal expenses, studies, estimates of cost and revenues, administrative expenses and such other expenses as may be necessary or incident to the construction of the project, and of such subsequent additions thereto or expansion thereof, the cost of financing such construction, additions or expansion and placing the project and such additions or expansion in operation.\n\t\t“Federal agency” means the United States of America and any department, bureau, agency or instrumentality thereof.\n\t\t“Project” or “projects” means any one or more of the following: auditorium, theater, concert or entertainment hall, coliseum, convention center, arena, field house, stadium, fairground, campground, land conservation project, including but not limited to the holding of conservation easements, sports facilities, including racetracks, amusement park or center, garden, park, zoo and museum, as such terms are generally used, and parking, transportation, utility and restaurant facilities and concessions in connection with any of the foregoing, including any and all buildings, structures, approaches, roadways, and other facilities and appurtenances thereto which the authority may deem necessary or desirable, together with all property, rights, easements and interests which may be acquired by the authority for the construction, improvement and operation of any of the foregoing. The transportation facilities hereinabove mentioned may be principally for the use and benefit of the inhabitants of the locality creating the authority so long as they are incidentally related to the acquisition and construction of any of the foregoing and may be financed contemporaneously with, prior to or subsequent to the acquisition and construction of any of the foregoing.","order_by":null,"text":{"0":{"id":242574,"text":"As used in this chapter, the following words and terms shall mean, unless the context indicates otherwise:\n\t\t“Authority” means an authority created under the provisions of \u00a7 15.2-5602 or, if any such authority shall be abolished the entity succeeding to the principal functions thereof.\n\t\t“Bonds” or “revenue bonds” means bonds, notes, certificates or other evidences of borrowing.\n\t\t“Cost” means, as applied to any project, all or any part of the cost of acquisition, construction, alteration, enlargement, reconstruction and remodeling of a project or portion thereof, including the cost of the acquisition of all land, rights-of-way, property, rights, easements and interests acquired by the authority for such construction, additions or expansion, the cost of demolishing or removing any building or structure on land so acquired, including the cost of acquiring any lands to which such building or structures may be removed, the cost of all labor, materials, machinery and equipment, financing charges, insurance, interest on all bonds prior to and during such construction, and during the construction of any addition or expansion, and if deemed advisable by the authority, for a period not exceeding one year after completion of such construction, addition or expansion, reserves for principal and interest and for extensions, enlargements, additions, replacements, renovations and improvements, provisions for working capital, the cost of surveys, engineering and architectural expenses, borings, plans and specifications and other engineering and architectural services, legal expenses, studies, estimates of cost and revenues, administrative expenses and such other expenses as may be necessary or incident to the construction of the project, and of such subsequent additions thereto or expansion thereof, the cost of financing such construction, additions or expansion and placing the project and such additions or expansion in operation.\n\t\t“Federal agency” means the United States of America and any department, bureau, agency or instrumentality thereof.\n\t\t“Project” or “projects” means any one or more of the following: auditorium, theater, concert or entertainment hall, coliseum, convention center, arena, field house, stadium, fairground, campground, land conservation project, including but not limited to the holding of conservation easements, sports facilities, including racetracks, amusement park or center, garden, park, zoo and museum, as such terms are generally used, and parking, transportation, utility and restaurant facilities and concessions in connection with any of the foregoing, including any and all buildings, structures, approaches, roadways, and other facilities and appurtenances thereto which the authority may deem necessary or desirable, together with all property, rights, easements and interests which may be acquired by the authority for the construction, improvement and operation of any of the foregoing. The transportation facilities hereinabove mentioned may be principally for the use and benefit of the inhabitants of the locality creating the authority so long as they are incidentally related to the acquisition and construction of any of the foregoing and may be financed contemporaneously with, prior to or subsequent to the acquisition and construction of any of the foregoing.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15526,"edition_id":1,"name":"Public Recreational Facilities Authorities Act","identifier":"56","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:55:55","date_modified":"2026-06-26 03:55:55","permalink":{"id":159577,"object_type":"structure","relational_id":15526,"identifier":"56","token":"15.2\/IV\/56","url":"\/15.2\/IV\/56\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","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":87209,"structure_id":15526,"section_number":"15.2-5600","catch_line":"Short title","url":"\/15.2-5600\/","token":"15.2\/IV\/56\/15.2-5600","metadata":false},{"id":66897,"structure_id":15526,"section_number":"15.2-5601","catch_line":"Definitions","url":"\/15.2-5601\/","token":"15.2\/IV\/56\/15.2-5601","metadata":false},{"id":61513,"structure_id":15526,"section_number":"15.2-5602","catch_line":"Creation of authorities","url":"\/15.2-5602\/","token":"15.2\/IV\/56\/15.2-5602","metadata":false},{"id":69743,"structure_id":15526,"section_number":"15.2-5603","catch_line":"Board to exercise powers of authority","url":"\/15.2-5603\/","token":"15.2\/IV\/56\/15.2-5603","metadata":false},{"id":84975,"structure_id":15526,"section_number":"15.2-5604","catch_line":"Powers of authority generally","url":"\/15.2-5604\/","token":"15.2\/IV\/56\/15.2-5604","metadata":false},{"id":59207,"structure_id":15526,"section_number":"15.2-5605","catch_line":"Transfers of property, appropriations and contracts by participating localities","url":"\/15.2-5605\/","token":"15.2\/IV\/56\/15.2-5605","metadata":false},{"id":81642,"structure_id":15526,"section_number":"15.2-5606","catch_line":"Acquisition, maintenance and operation of projects; revenues from projects","url":"\/15.2-5606\/","token":"15.2\/IV\/56\/15.2-5606","metadata":false},{"id":69216,"structure_id":15526,"section_number":"15.2-5607","catch_line":"Authority to issue bonds; source of payment","url":"\/15.2-5607\/","token":"15.2\/IV\/56\/15.2-5607","metadata":false},{"id":70391,"structure_id":15526,"section_number":"15.2-5608","catch_line":"Bond resolution; terms, conditions, form and execution of bonds; sale; interim receipts or temporary bonds","url":"\/15.2-5608\/","token":"15.2\/IV\/56\/15.2-5608","metadata":false},{"id":65376,"structure_id":15526,"section_number":"15.2-5609","catch_line":"Trust indenture or agreement to secure payment of bonds","url":"\/15.2-5609\/","token":"15.2\/IV\/56\/15.2-5609","metadata":false},{"id":67542,"structure_id":15526,"section_number":"15.2-5610","catch_line":"Fees, rents and other charges; reserves","url":"\/15.2-5610\/","token":"15.2\/IV\/56\/15.2-5610","metadata":false},{"id":63444,"structure_id":15526,"section_number":"15.2-5611","catch_line":"Moneys received deemed trust funds","url":"\/15.2-5611\/","token":"15.2\/IV\/56\/15.2-5611","metadata":false},{"id":67764,"structure_id":15526,"section_number":"15.2-5612","catch_line":"Remedies of bondholders and trustee","url":"\/15.2-5612\/","token":"15.2\/IV\/56\/15.2-5612","metadata":false},{"id":76068,"structure_id":15526,"section_number":"15.2-5613","catch_line":"Authority to exercise a governmental function; exemption from taxation","url":"\/15.2-5613\/","token":"15.2\/IV\/56\/15.2-5613","metadata":false},{"id":71709,"structure_id":15526,"section_number":"15.2-5614","catch_line":"Bonds legal investments","url":"\/15.2-5614\/","token":"15.2\/IV\/56\/15.2-5614","metadata":false},{"id":60341,"structure_id":15526,"section_number":"15.2-5615","catch_line":"Chapter to constitute complete authority for acts authorized; liberal construction","url":"\/15.2-5615\/","token":"15.2\/IV\/56\/15.2-5615","metadata":false},{"id":62337,"structure_id":15526,"section_number":"15.2-5616","catch_line":"Dissolution of authority; disposition of property","url":"\/15.2-5616\/","token":"15.2\/IV\/56\/15.2-5616","metadata":false}],"previous_section":{"id":87209,"structure_id":15526,"section_number":"15.2-5600","catch_line":"Short title","url":"\/15.2-5600\/","token":"15.2\/IV\/56\/15.2-5600","metadata":false},"next_section":{"id":61513,"structure_id":15526,"section_number":"15.2-5602","catch_line":"Creation of authorities","url":"\/15.2-5602\/","token":"15.2\/IV\/56\/15.2-5602","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5601\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. 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 1962, chapter 393; in 1973, chapter 238; in 1974, chapter 132; in 1986, chapter 442; in 1997, chapter 587<\/a>; in 1999, chapters 502<\/a> and 528<\/a>.<\/p>","references":false,"refers_to":[{"id":61513,"section_number":"15.2-5602","catch_line":"Creation of authorities","order_by":null,"url":"\/15.2-5602\/"}],"permalink":{"id":159583,"object_type":"law","relational_id":66897,"identifier":"15.2-5601","token":"15.2\/IV\/56\/15.2-5601","url":"\/15.2-5601\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5601\/","token":"15.2\/IV\/56\/15.2-5601","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5601","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, the following words and terms shall mean, unless the context indicates otherwise:\n\t\t“Authority<\/span>” means an authority<\/span> created under the provisions of \u00a7 15.2-5602<\/a> or, if any such authority<\/span> shall be abolished the entity succeeding to the principal functions thereof.\n\t\t“Bonds” or “revenue bonds<\/span>” means bonds, notes, certificates or other evidences<\/span> of borrowing.\n\t\t“Cost” means, as applied to any project<\/span>, all or any part of the cost of acquisition, construction, alteration, enlargement, reconstruction and remodeling of a project<\/span> or portion thereof, including the cost of the acquisition of all land, rights-of-way, property, rights, easements and interests acquired by the authority<\/span> for such construction, additions or expansion, the cost of demolishing or removing any building or structure on land so acquired, including the cost of acquiring any lands to which such building or structures may be removed, the cost of all labor, materials<\/span>, machinery and equipment, financing charges, insurance, interest on all bonds prior to and during such construction, and during the construction of any addition or expansion, and if deemed advisable by the authority<\/span>, for a period not exceeding one year after completion of such construction, addition or expansion, reserves for principal and interest and for extensions, enlargements, additions, replacements, renovations and improvements, provisions for working capital, the cost of surveys, engineering and architectural expenses, borings, plans and specifications and other engineering and architectural services, legal expenses, studies, estimates of cost and revenues, administrative expenses and such other expenses as may be necessary or incident to the construction of the project<\/span>, and of such subsequent additions thereto or expansion thereof, the cost of financing such construction, additions or expansion and placing the project<\/span> and such additions or expansion in operation.\n\t\t“Federal agency<\/span>” means the United States of America and any department, bureau, agency or instrumentality thereof.\n\t\t“Project<\/span>” or “projects<\/span><\/span>” means any one or more of the following: auditorium, theater, concert or entertainment hall, coliseum, convention center, arena, field house, stadium, fairground, campground, land conservation project<\/span>, including but not limited to the holding of conservation easements, sports facilities, including racetracks, amusement park or center, garden, park, zoo and museum, as such terms are generally used, and parking, transportation, utility and restaurant facilities and concessions in connection with any of the foregoing, including any and all buildings, structures, approaches, roadways, and other facilities and appurtenances thereto which the authority<\/span> may deem necessary or desirable, together with all property, rights, easements and interests which may be acquired by the authority<\/span> for the construction, improvement and operation of any of the foregoing. The transportation facilities hereinabove mentioned may be principally for the use and benefit of the inhabitants of the locality<\/span> creating the authority<\/span> so long as they are incidentally related to the acquisition and construction of any of the foregoing and may be financed contemporaneously with, prior to or subsequent to the acquisition and construction of any of the foregoing.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 15.2-5601)\n\nAs used in this chapter, the following words and terms shall mean, unless the\ncontext indicates otherwise:\n\t\t“Authority” means an authority created under the provisions of \u00a7\n15.2-5602 or, if any such authority shall be abolished the entity succeeding to\nthe principal functions thereof.\n\t\t“Bonds” or “revenue bonds” means bonds, notes,\ncertificates or other evidences of borrowing.\n\t\t“Cost” means, as applied to any project, all or any part of the\ncost of acquisition, construction, alteration, enlargement, reconstruction and\nremodeling of a project or portion thereof, including the cost of the\nacquisition of all land, rights-of-way, property, rights, easements and\ninterests acquired by the authority for such construction, additions or\nexpansion, the cost of demolishing or removing any building or structure on land\nso acquired, including the cost of acquiring any lands to which such building or\nstructures may be removed, the cost of all labor, materials, machinery and\nequipment, financing charges, insurance, interest on all bonds prior to and\nduring such construction, and during the construction of any addition or\nexpansion, and if deemed advisable by the authority, for a period not exceeding\none year after completion of such construction, addition or expansion, reserves\nfor principal and interest and for extensions, enlargements, additions,\nreplacements, renovations and improvements, provisions for working capital, the\ncost of surveys, engineering and architectural expenses, borings, plans and\nspecifications and other engineering and architectural services, legal expenses,\nstudies, estimates of cost and revenues, administrative expenses and such other\nexpenses as may be necessary or incident to the construction of the project, and\nof such subsequent additions thereto or expansion thereof, the cost of financing\nsuch construction, additions or expansion and placing the project and such\nadditions or expansion in operation.\n\t\t“Federal agency” means the United States of America and any\ndepartment, bureau, agency or instrumentality thereof.\n\t\t“Project” or “projects” means any one or more of the\nfollowing: auditorium, theater, concert or entertainment hall, coliseum,\nconvention center, arena, field house, stadium, fairground, campground, land\nconservation project, including but not limited to the holding of conservation\neasements, sports facilities, including racetracks, amusement park or center,\ngarden, park, zoo and museum, as such terms are generally used, and parking,\ntransportation, utility and restaurant facilities and concessions in connection\nwith any of the foregoing, including any and all buildings, structures,\napproaches, roadways, and other facilities and appurtenances thereto which the\nauthority may deem necessary or desirable, together with all property, rights,\neasements and interests which may be acquired by the authority for the\nconstruction, improvement and operation of any of the foregoing. The\ntransportation facilities hereinabove mentioned may be principally for the use\nand benefit of the inhabitants of the locality creating the authority so long as\nthey are incidentally related to the acquisition and construction of any of the\nforegoing and may be financed contemporaneously with, prior to or subsequent to\nthe acquisition and construction of any of the foregoing.\n\nHISTORY: Code 1950, \u00a7 15-714.14; 1962, c. 393, \u00a7 2, \u00a7 15.1-1272; 1973, c.\n238; 1974, c. 132; 1986, c. 442; 1997, c. 587; 1999, cc. 502, 528.","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}}