{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5811.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5811.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5811.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5811.html"}],"law_id":86941,"edition_id":1,"section_id":86941,"structure_id":13726,"section_number":"15.2-5811","catch_line":"Stadium Authority Financing Fund; use","history":"1992, c. 823, \u00a7 15.1-227.81; 1997, c. 587.","full_text":"A\n\nThere is hereby created a Virginia Baseball Stadium Authority Financing Fund (“Fund”). The Authority shall use the Fund as a nonlapsing revolving fund for carrying out the provisions of this chapter.B\n\nAll of the following receipts of the Authority shall be placed in the Fund: (i) proceeds from the sale of bonds, (ii) revenues collected or received from any source under the provisions of this chapter, and (iii) any other revenues under the jurisdiction of the Authority.C\n\nThe Authority shall pay all expenses and make all expenditures from the Fund. To the extent deemed appropriate by the Authority, the receipts of the Fund shall be pledged to and charged with the payment of debt service on Authority bonds and all reasonable charges and expenses related to Authority borrowing and the management of Authority obligation.","order_by":null,"text":{"0":{"id":311272,"text":"There is hereby created a Virginia Baseball Stadium Authority Financing Fund (“Fund”). The Authority shall use the Fund as a nonlapsing revolving fund for carrying out the provisions of this chapter.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":311273,"text":"All of the following receipts of the Authority shall be placed in the Fund: (i) proceeds from the sale of bonds, (ii) revenues collected or received from any source under the provisions of this chapter, and (iii) any other revenues under the jurisdiction of the Authority.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":311274,"text":"The Authority shall pay all expenses and make all expenditures from the Fund. To the extent deemed appropriate by the Authority, the receipts of the Fund shall be pledged to and charged with the payment of debt service on Authority bonds and all reasonable charges and expenses related to Authority borrowing and the management of Authority obligation.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13726,"edition_id":1,"name":"Virginia Baseball Stadium Authority","identifier":"58","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:45:41","date_modified":"2026-06-26 03:45:41","permalink":{"id":159713,"object_type":"structure","relational_id":13726,"identifier":"58","token":"15.2\/IV\/58","url":"\/15.2\/IV\/58\/","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":73670,"structure_id":13726,"section_number":"15.2-5800","catch_line":"Definitions; professional baseball games; consent for construction","url":"\/15.2-5800\/","token":"15.2\/IV\/58\/15.2-5800","metadata":false},{"id":58293,"structure_id":13726,"section_number":"15.2-5801","catch_line":"Creation of Authority","url":"\/15.2-5801\/","token":"15.2\/IV\/58\/15.2-5801","metadata":false},{"id":61105,"structure_id":13726,"section_number":"15.2-5802","catch_line":"Members of Authority; chairman; terms","url":"\/15.2-5802\/","token":"15.2\/IV\/58\/15.2-5802","metadata":false},{"id":78871,"structure_id":13726,"section_number":"15.2-5803","catch_line":"Quorum; actions of Authority; meetings","url":"\/15.2-5803\/","token":"15.2\/IV\/58\/15.2-5803","metadata":false},{"id":56279,"structure_id":13726,"section_number":"15.2-5804","catch_line":"Executive Director appointment; duties","url":"\/15.2-5804\/","token":"15.2\/IV\/58\/15.2-5804","metadata":false},{"id":55006,"structure_id":13726,"section_number":"15.2-5805","catch_line":"Powers","url":"\/15.2-5805\/","token":"15.2\/IV\/58\/15.2-5805","metadata":false},{"id":79894,"structure_id":13726,"section_number":"15.2-5806","catch_line":"Public hearings; notice; reports","url":"\/15.2-5806\/","token":"15.2\/IV\/58\/15.2-5806","metadata":false},{"id":65517,"structure_id":13726,"section_number":"15.2-5807","catch_line":"Acquisition of property","url":"\/15.2-5807\/","token":"15.2\/IV\/58\/15.2-5807","metadata":false},{"id":54719,"structure_id":13726,"section_number":"15.2-5808","catch_line":"Bond issues","url":"\/15.2-5808\/","token":"15.2\/IV\/58\/15.2-5808","metadata":false},{"id":56343,"structure_id":13726,"section_number":"15.2-5809","catch_line":"Investments in bonds","url":"\/15.2-5809\/","token":"15.2\/IV\/58\/15.2-5809","metadata":false},{"id":81181,"structure_id":13726,"section_number":"15.2-5810","catch_line":"Bonds are tax exempt","url":"\/15.2-5810\/","token":"15.2\/IV\/58\/15.2-5810","metadata":false},{"id":86941,"structure_id":13726,"section_number":"15.2-5811","catch_line":"Stadium Authority Financing Fund; use","url":"\/15.2-5811\/","token":"15.2\/IV\/58\/15.2-5811","metadata":false},{"id":69446,"structure_id":13726,"section_number":"15.2-5812","catch_line":"Additional duties","url":"\/15.2-5812\/","token":"15.2\/IV\/58\/15.2-5812","metadata":false},{"id":81971,"structure_id":13726,"section_number":"15.2-5813","catch_line":"Creation of local advisory boards","url":"\/15.2-5813\/","token":"15.2\/IV\/58\/15.2-5813","metadata":false},{"id":85668,"structure_id":13726,"section_number":"15.2-5814","catch_line":"Entitlement to sales tax revenues derived from a major league baseball stadium","url":"\/15.2-5814\/","token":"15.2\/IV\/58\/15.2-5814","metadata":false},{"id":58949,"structure_id":13726,"section_number":"15.2-5815","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","url":"\/15.2-5815\/","token":"15.2\/IV\/58\/15.2-5815","metadata":false},{"id":78739,"structure_id":13726,"section_number":"15.2-5816","catch_line":"Cooperation between the Authority and other political subdivisions","url":"\/15.2-5816\/","token":"15.2\/IV\/58\/15.2-5816","metadata":false},{"id":58333,"structure_id":13726,"section_number":"15.2-5817","catch_line":"Tort liability","url":"\/15.2-5817\/","token":"15.2\/IV\/58\/15.2-5817","metadata":false},{"id":65024,"structure_id":13726,"section_number":"15.2-5818","catch_line":"Tort claims","url":"\/15.2-5818\/","token":"15.2\/IV\/58\/15.2-5818","metadata":false},{"id":73463,"structure_id":13726,"section_number":"15.2-5819","catch_line":"Policy statement","url":"\/15.2-5819\/","token":"15.2\/IV\/58\/15.2-5819","metadata":false},{"id":77217,"structure_id":13726,"section_number":"15.2-5820","catch_line":"Expired","url":"\/15.2-5820\/","token":"15.2\/IV\/58\/15.2-5820","metadata":false},{"id":60561,"structure_id":13726,"section_number":"15.2-5821","catch_line":"Expired","url":"\/15.2-5821\/","token":"15.2\/IV\/58\/15.2-5821","metadata":false},{"id":62326,"structure_id":13726,"section_number":"15.2-5822","catch_line":"Expired","url":"\/15.2-5822\/","token":"15.2\/IV\/58\/15.2-5822","metadata":false},{"id":55982,"structure_id":13726,"section_number":"15.2-5823","catch_line":"Expired","url":"\/15.2-5823\/","token":"15.2\/IV\/58\/15.2-5823","metadata":false}],"previous_section":{"id":81181,"structure_id":13726,"section_number":"15.2-5810","catch_line":"Bonds are tax exempt","url":"\/15.2-5810\/","token":"15.2\/IV\/58\/15.2-5810","metadata":false},"next_section":{"id":69446,"structure_id":13726,"section_number":"15.2-5812","catch_line":"Additional duties","url":"\/15.2-5812\/","token":"15.2\/IV\/58\/15.2-5812","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5811\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 823 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. Unfortunately, the 1992 \u201cActs\u201d aren\u2019t available online. 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 1997, chapter 587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":159759,"object_type":"law","relational_id":86941,"identifier":"15.2-5811","token":"15.2\/IV\/58\/15.2-5811","url":"\/15.2-5811\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5811\/","token":"15.2\/IV\/58\/15.2-5811","dublin_core":{"Title":"Stadium Authority Financing Fund; use","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5811","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> There is hereby created a Virginia Baseball Stadium Authority<\/span> Financing Fund (“Fund”). The Authority<\/span> shall use the Fund as a nonlapsing revolving fund for carrying out the provisions of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> All of the following receipts of the Authority<\/span> shall be placed in the Fund: (i) proceeds from the sale of bonds<\/span>, (ii) revenues collected or received from any source under the provisions of this chapter, and (iii) any other revenues under the jurisdiction<\/span> of the Authority<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Authority<\/span> shall pay all expenses and make all expenditures from the Fund. To the extent deemed appropriate by the Authority<\/span>, the receipts of the Fund shall be pledged to and charged with the payment of debt service on Authority<\/span> bonds<\/span> and all reasonable charges and expenses related to Authority<\/span> borrowing and the management of Authority<\/span> obligation. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSTADIUM AUTHORITY FINANCING FUND; USE (\u00a7 15.2-5811)\n\nA. There is hereby created a Virginia Baseball Stadium Authority Financing Fund\n(“Fund”). The Authority shall use the Fund as a nonlapsing revolving\nfund for carrying out the provisions of this chapter.\n\nB. All of the following receipts of the Authority shall be placed in the Fund:\n(i) proceeds from the sale of bonds, (ii) revenues collected or received from\nany source under the provisions of this chapter, and (iii) any other revenues\nunder the jurisdiction of the Authority.\n\nC. The Authority shall pay all expenses and make all expenditures from the Fund.\nTo the extent deemed appropriate by the Authority, the receipts of the Fund\nshall be pledged to and charged with the payment of debt service on Authority\nbonds and all reasonable charges and expenses related to Authority borrowing and\nthe management of Authority obligation.\n\nHISTORY: 1992, c. 823, \u00a7 15.1-227.81; 1997, c. 587.","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}}