{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5930.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5930.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5930.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5930.html"}],"law_id":57163,"edition_id":1,"section_id":57163,"structure_id":14982,"section_number":"15.2-5930","catch_line":"Public hearings; notice; reports","history":"2019, c. 793.","full_text":"A\n\nAt least 30 days before execution of a binding development agreement for a sports or entertainment project, the City of Virginia Beach shall submit to the General Assembly a detailed written report and findings of the City on the proposed agreement. The report and findings shall include a detailed plan of the method of funding and the economic benefits of the proposed agreement.B\n\nThe State Treasurer shall be provided with copies of all documents relating to the proposed issuance of any bonds pursuant to § 15.2-5931 sufficiently in advance of such bond issue to conduct such reviews as the State Treasurer deems necessary. Such reviews shall be completed within 120 days after the date that the Treasurer is provided such documents. In the event that the Commonwealth is an obligated person determined to be material to an evaluation of the offering for which financial information will be included or referenced in the offering document in accordance with Securities and Exchange Commission Rule 15c 2-12 under the federal Securities Exchange Act of 1934, or in the event that in the opinion of the State Treasurer, with the concurrence of the Debt Capacity Advisory Committee established under Article 5 (§ 2.2-2712 et seq.) of Chapter 27 of Title 2.2, such bond issue will be considered tax-supported debt of the Commonwealth or have an adverse impact on the debt capacity or the credit ratings of the Commonwealth, such bond issue must be authorized by the General Assembly.","order_by":null,"text":{"0":{"id":209368,"text":"At least 30 days before execution of a binding development agreement for a sports or entertainment project, the City of Virginia Beach shall submit to the General Assembly a detailed written report and findings of the City on the proposed agreement. The report and findings shall include a detailed plan of the method of funding and the economic benefits of the proposed agreement.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":209369,"text":"The State Treasurer shall be provided with copies of all documents relating to the proposed issuance of any bonds pursuant to § 15.2-5931 sufficiently in advance of such bond issue to conduct such reviews as the State Treasurer deems necessary. Such reviews shall be completed within 120 days after the date that the Treasurer is provided such documents. In the event that the Commonwealth is an obligated person determined to be material to an evaluation of the offering for which financial information will be included or referenced in the offering document in accordance with Securities and Exchange Commission Rule 15c 2-12 under the federal Securities Exchange Act of 1934, or in the event that in the opinion of the State Treasurer, with the concurrence of the Debt Capacity Advisory Committee established under Article 5 (§ 2.2-2712 et seq.) of Chapter 27 of Title 2.2, such bond issue will be considered tax-supported debt of the Commonwealth or have an adverse impact on the debt capacity or the credit ratings of the Commonwealth, such bond issue must be authorized by the General Assembly.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14982,"edition_id":1,"name":"Virginia Beach Sports or Entertainment Project","identifier":"59.2","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:51:17","date_modified":"2026-06-26 03:51:17","permalink":{"id":159827,"object_type":"structure","relational_id":14982,"identifier":"59.2","token":"15.2\/IV\/59.2","url":"\/15.2\/IV\/59.2\/","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":60924,"structure_id":14982,"section_number":"15.2-5928","catch_line":"Definitions","url":"\/15.2-5928\/","token":"15.2\/IV\/59.2\/15.2-5928","metadata":false},{"id":73350,"structure_id":14982,"section_number":"15.2-5929","catch_line":"Powers","url":"\/15.2-5929\/","token":"15.2\/IV\/59.2\/15.2-5929","metadata":false},{"id":57163,"structure_id":14982,"section_number":"15.2-5930","catch_line":"Public hearings; notice; reports","url":"\/15.2-5930\/","token":"15.2\/IV\/59.2\/15.2-5930","metadata":false},{"id":84412,"structure_id":14982,"section_number":"15.2-5931","catch_line":"Bond issues","url":"\/15.2-5931\/","token":"15.2\/IV\/59.2\/15.2-5931","metadata":false},{"id":65620,"structure_id":14982,"section_number":"15.2-5932","catch_line":"Sports or Entertainment Project Financing Fund; use","url":"\/15.2-5932\/","token":"15.2\/IV\/59.2\/15.2-5932","metadata":false},{"id":80568,"structure_id":14982,"section_number":"15.2-5933","catch_line":"Entitlement to tax revenues derived from the operation of facilities","url":"\/15.2-5933\/","token":"15.2\/IV\/59.2\/15.2-5933","metadata":false},{"id":61820,"structure_id":14982,"section_number":"15.2-5934","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","url":"\/15.2-5934\/","token":"15.2\/IV\/59.2\/15.2-5934","metadata":false}],"previous_section":{"id":73350,"structure_id":14982,"section_number":"15.2-5929","catch_line":"Powers","url":"\/15.2-5929\/","token":"15.2\/IV\/59.2\/15.2-5929","metadata":false},"next_section":{"id":84412,"structure_id":14982,"section_number":"15.2-5931","catch_line":"Bond issues","url":"\/15.2-5931\/","token":"15.2\/IV\/59.2\/15.2-5931","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5930\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapter 793<\/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":84412,"section_number":"15.2-5931","catch_line":"Bond issues","order_by":null,"url":"\/15.2-5931\/"},{"id":79829,"section_number":"2.2-2712","catch_line":"Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff","order_by":null,"url":"\/2.2-2712\/"}],"permalink":{"id":159837,"object_type":"law","relational_id":57163,"identifier":"15.2-5930","token":"15.2\/IV\/59.2\/15.2-5930","url":"\/15.2-5930\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5930\/","token":"15.2\/IV\/59.2\/15.2-5930","dublin_core":{"Title":"Public hearings; notice; reports","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5930","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> At least 30 days before execution of a binding development agreement for a sports or entertainment project<\/span>, the City of Virginia Beach<\/span> shall submit to the General Assembly a detailed written report and findings<\/span> of the City on the proposed agreement. The report and findings<\/span> shall include a detailed plan of the method of funding and the economic benefits of the proposed agreement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The State Treasurer shall be provided with copies of all documents relating to the proposed issuance of any bonds<\/span> pursuant to § 15.2-5931<\/a> sufficiently in advance of such bond<\/span> issue<\/span> to conduct such reviews as the State Treasurer deems necessary. Such reviews shall be completed within 120 days after the date that the Treasurer is provided such documents. In the event that the Commonwealth is an obligated person determined to be material<\/span> to an evaluation of the offering for which financial information will be included or referenced in the offering document in accordance with Securities and Exchange Commission Rule 15c 2-12 under the federal Securities Exchange Act of 1934, or in the event that in the opinion<\/span> of the State Treasurer, with the concurrence of the Debt Capacity Advisory Committee established under Article 5 (§ 2.2-2712<\/a> et seq.) of Chapter 27 of Title 2.2, such bond<\/span> issue<\/span> will be considered tax-supported debt of the Commonwealth or have an adverse impact on the debt capacity or the credit ratings of the Commonwealth, such bond<\/span> issue<\/span> must be authorized by the General Assembly. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPUBLIC HEARINGS; NOTICE; REPORTS (\u00a7 15.2-5930)\n\nA. At least 30 days before execution of a binding development agreement for a\nsports or entertainment project, the City of Virginia Beach shall submit to the\nGeneral Assembly a detailed written report and findings of the City on the\nproposed agreement. The report and findings shall include a detailed plan of the\nmethod of funding and the economic benefits of the proposed agreement.\n\nB. The State Treasurer shall be provided with copies of all documents relating\nto the proposed issuance of any bonds pursuant to § 15.2-5931 sufficiently\nin advance of such bond issue to conduct such reviews as the State Treasurer\ndeems necessary. Such reviews shall be completed within 120 days after the date\nthat the Treasurer is provided such documents. In the event that the\nCommonwealth is an obligated person determined to be material to an evaluation\nof the offering for which financial information will be included or referenced\nin the offering document in accordance with Securities and Exchange Commission\nRule 15c 2-12 under the federal Securities Exchange Act of 1934, or in the event\nthat in the opinion of the State Treasurer, with the concurrence of the Debt\nCapacity Advisory Committee established under Article 5 (§ 2.2-2712 et\nseq.) of Chapter 27 of Title 2.2, such bond issue will be considered\ntax-supported debt of the Commonwealth or have an adverse impact on the debt\ncapacity or the credit ratings of the Commonwealth, such bond issue must be\nauthorized by the General Assembly.\n\nHISTORY: 2019, c. 793.","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}}