{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5946.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5946.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5946.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5946.html"}],"law_id":56144,"edition_id":1,"section_id":56144,"structure_id":13779,"section_number":"15.2-5946","catch_line":"Entitlement to tax revenues derived from the operation of a Facility","history":"2020, cc. 538, 539.","full_text":"A\n\n1. The Authority shall be entitled, subject to appropriation, to sales and use tax revenues defined in this chapter. Such entitlement shall include transactions that occur while a Facility is under construction. The State Comptroller shall remit such sales and use tax revenues to the Authority on a quarterly basis, subject to such reasonable processing delays as may be required by the Department of Taxation. The State Comptroller shall make such remittances to the Authority, as provided herein, notwithstanding any provisions to the contrary in the Virginia Retail Sales and Use Tax Act (\u00a7 58.1-600 et seq.).2\n\nThe revenues accruing to the Authority pursuant to the provisions of this section shall be used by the Authority only to pay debt service, to distribute to any lessee of the Facility for the purpose of paying debt service, to meet contractual obligations entered into pursuant to § 15.2-5942, or to remit to each participating locality its share of revenues from the Facility.B\n\nThe governing body of the Authority may fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for a Facility developed under the provisions of this chapter.C\n\nIf a Facility qualifies for entitlement to sales and use tax revenues pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2, the Authority shall remain eligible to receive sales and use tax revenues pursuant to the provisions of this chapter; however, the amount received pursuant to this chapter shall be reduced by the amount received pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2.D\n\nThe Tax Commissioner, as defined in § 58.1-1, shall report to the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the House Committee on Finance by July 1 of each year the amount of tax revenues accruing to the Authority pursuant to the provisions of this chapter.","order_by":null,"text":{"0":{"id":205763,"text":"1. The Authority shall be entitled, subject to appropriation, to sales and use tax revenues defined in this chapter. Such entitlement shall include transactions that occur while a Facility is under construction. The State Comptroller shall remit such sales and use tax revenues to the Authority on a quarterly basis, subject to such reasonable processing delays as may be required by the Department of Taxation. The State Comptroller shall make such remittances to the Authority, as provided herein, notwithstanding any provisions to the contrary in the Virginia Retail Sales and Use Tax Act (\u00a7 58.1-600 et seq.).","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A2"},"1":{"id":205764,"text":"The revenues accruing to the Authority pursuant to the provisions of this section shall be used by the Authority only to pay debt service, to distribute to any lessee of the Facility for the purpose of paying debt service, to meet contractual obligations entered into pursuant to § 15.2-5942, or to remit to each participating locality its share of revenues from the Facility.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A","next_prefix":"B"},"2":{"id":205765,"text":"The governing body of the Authority may fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for a Facility developed under the provisions of this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"3":{"id":205766,"text":"If a Facility qualifies for entitlement to sales and use tax revenues pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2, the Authority shall remain eligible to receive sales and use tax revenues pursuant to the provisions of this chapter; however, the amount received pursuant to this chapter shall be reduced by the amount received pursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"4":{"id":205767,"text":"The Tax Commissioner, as defined in § 58.1-1, shall report to the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the House Committee on Finance by July 1 of each year the amount of tax revenues accruing to the Authority pursuant to the provisions of this chapter.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":13779,"edition_id":1,"name":"Hampton Roads Regional Arena Authority","identifier":"59.3","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:45:51","date_modified":"2026-06-26 03:45:51","permalink":{"id":159857,"object_type":"structure","relational_id":13779,"identifier":"59.3","token":"15.2\/IV\/59.3","url":"\/15.2\/IV\/59.3\/","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":76720,"structure_id":13779,"section_number":"15.2-5935","catch_line":"Definitions","url":"\/15.2-5935\/","token":"15.2\/IV\/59.3\/15.2-5935","metadata":false},{"id":54788,"structure_id":13779,"section_number":"15.2-5936","catch_line":"Creation of Authority","url":"\/15.2-5936\/","token":"15.2\/IV\/59.3\/15.2-5936","metadata":false},{"id":86580,"structure_id":13779,"section_number":"15.2-5937","catch_line":"Members of Authority; chairman; terms","url":"\/15.2-5937\/","token":"15.2\/IV\/59.3\/15.2-5937","metadata":false},{"id":87439,"structure_id":13779,"section_number":"15.2-5938","catch_line":"Quorum; actions of Authority; meetings","url":"\/15.2-5938\/","token":"15.2\/IV\/59.3\/15.2-5938","metadata":false},{"id":79518,"structure_id":13779,"section_number":"15.2-5939","catch_line":"Executive Director appointment; duties","url":"\/15.2-5939\/","token":"15.2\/IV\/59.3\/15.2-5939","metadata":false},{"id":78623,"structure_id":13779,"section_number":"15.2-5940","catch_line":"Participation in the Authority by a Hampton Roads locality","url":"\/15.2-5940\/","token":"15.2\/IV\/59.3\/15.2-5940","metadata":false},{"id":76327,"structure_id":13779,"section_number":"15.2-5941","catch_line":"Powers","url":"\/15.2-5941\/","token":"15.2\/IV\/59.3\/15.2-5941","metadata":false},{"id":55989,"structure_id":13779,"section_number":"15.2-5942","catch_line":"Public hearings; notice; reports","url":"\/15.2-5942\/","token":"15.2\/IV\/59.3\/15.2-5942","metadata":false},{"id":84893,"structure_id":13779,"section_number":"15.2-5943","catch_line":"Bond issues","url":"\/15.2-5943\/","token":"15.2\/IV\/59.3\/15.2-5943","metadata":false},{"id":58767,"structure_id":13779,"section_number":"15.2-5944","catch_line":"Restrictions related to sports teams","url":"\/15.2-5944\/","token":"15.2\/IV\/59.3\/15.2-5944","metadata":false},{"id":80000,"structure_id":13779,"section_number":"15.2-5945","catch_line":"Facility Financing Fund; use","url":"\/15.2-5945\/","token":"15.2\/IV\/59.3\/15.2-5945","metadata":false},{"id":56144,"structure_id":13779,"section_number":"15.2-5946","catch_line":"Entitlement to tax revenues derived from the operation of a Facility","url":"\/15.2-5946\/","token":"15.2\/IV\/59.3\/15.2-5946","metadata":false},{"id":55135,"structure_id":13779,"section_number":"15.2-5947","catch_line":"Sharing of revenue among participating localities","url":"\/15.2-5947\/","token":"15.2\/IV\/59.3\/15.2-5947","metadata":false},{"id":68848,"structure_id":13779,"section_number":"15.2-5948","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","url":"\/15.2-5948\/","token":"15.2\/IV\/59.3\/15.2-5948","metadata":false},{"id":69311,"structure_id":13779,"section_number":"15.2-5949","catch_line":"Expiration of entitlement to certain sales tax revenues","url":"\/15.2-5949\/","token":"15.2\/IV\/59.3\/15.2-5949","metadata":false}],"previous_section":{"id":80000,"structure_id":13779,"section_number":"15.2-5945","catch_line":"Facility Financing Fund; use","url":"\/15.2-5945\/","token":"15.2\/IV\/59.3\/15.2-5945","metadata":false},"next_section":{"id":55135,"structure_id":13779,"section_number":"15.2-5947","catch_line":"Sharing of revenue among participating localities","url":"\/15.2-5947\/","token":"15.2\/IV\/59.3\/15.2-5947","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5946\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapters 538<\/a> and 539<\/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":[{"id":80000,"section_number":"15.2-5945","catch_line":"Facility Financing Fund; use","order_by":null,"url":"\/15.2-5945\/"}],"refers_to":[{"id":55989,"section_number":"15.2-5942","catch_line":"Public hearings; notice; reports","order_by":null,"url":"\/15.2-5942\/"},{"id":85625,"section_number":"58.1-1","catch_line":"Definitions","order_by":null,"url":"\/58.1-1\/"},{"id":73135,"section_number":"58.1-3851.1","catch_line":"Entitlement to tax revenues from tourism project","order_by":null,"url":"\/58.1-3851.1\/"},{"id":85374,"section_number":"58.1-3851.2","catch_line":"Entitlement to tax revenues from tourism project of regional significance","order_by":null,"url":"\/58.1-3851.2\/"},{"id":63208,"section_number":"58.1-600","catch_line":"Short title","order_by":null,"url":"\/58.1-600\/"}],"permalink":{"id":159903,"object_type":"law","relational_id":56144,"identifier":"15.2-5946","token":"15.2\/IV\/59.3\/15.2-5946","url":"\/15.2-5946\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5946\/","token":"15.2\/IV\/59.3\/15.2-5946","dublin_core":{"Title":"Entitlement to tax revenues derived from the operation of a Facility","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5946","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> 1. The Authority<\/span> shall be entitled, subject to appropriation, to sales and use tax revenues<\/span> defined in this chapter. Such entitlement shall include transactions that occur while a Facility<\/span> is under construction. The State Comptroller shall remit such sales and use tax revenues<\/span> to the Authority<\/span> on a quarterly basis, subject to such reasonable processing delays as may be required by the Department of Taxation. The State Comptroller shall make such remittances to the Authority<\/span>, as provided herein, notwithstanding any provisions to the contrary in the Virginia Retail Sales and Use Tax Act (\u00a7 58.1-600<\/a> et seq.). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The revenues accruing to the Authority<\/span> pursuant to the provisions of this section shall be used by the Authority<\/span> only to pay debt service, to distribute to any lessee of the Facility<\/span> for the purpose of paying debt service, to meet contractual obligations entered into pursuant to § 15.2-5942<\/a>, or to remit to each participating locality<\/span> its share of revenues from the Facility<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The governing body<\/span> of the Authority<\/span> may fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for a Facility<\/span> developed under the provisions of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If a Facility<\/span> qualifies for entitlement to sales and use tax revenues<\/span> pursuant to the provisions of § 58.1-3851.1<\/a> or 58.1-3851.2<\/a>, the Authority<\/span> shall remain eligible to receive sales and use tax revenues<\/span> pursuant to the provisions of this chapter; however, the amount received pursuant to this chapter shall be reduced by the amount received pursuant to the provisions of § 58.1-3851.1<\/a> or 58.1-3851.2<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Tax Commissioner, as defined in § 58.1-1<\/a>, shall report to the Chairmen of the Senate Committee on Finance and Appropriations, the House Committee on Appropriations, and the House Committee on Finance by July 1 of each year the amount of tax revenues accruing to the Authority<\/span> pursuant to the provisions of this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nENTITLEMENT TO TAX REVENUES DERIVED FROM THE OPERATION OF A FACILITY (\u00a7\n15.2-5946)\n\nA. 1. The Authority shall be entitled, subject to appropriation, to sales and\nuse tax revenues defined in this chapter. Such entitlement shall include\ntransactions that occur while a Facility is under construction. The State\nComptroller shall remit such sales and use tax revenues to the Authority on a\nquarterly basis, subject to such reasonable processing delays as may be required\nby the Department of Taxation. The State Comptroller shall make such remittances\nto the Authority, as provided herein, notwithstanding any provisions to the\ncontrary in the Virginia Retail Sales and Use Tax Act (\u00a7 58.1-600 et seq.).\n\n 2. The revenues accruing to the Authority pursuant to the provisions of this\n section shall be used by the Authority only to pay debt service, to distribute\n to any lessee of the Facility for the purpose of paying debt service, to meet\n contractual obligations entered into pursuant to § 15.2-5942, or to remit\n to each participating locality its share of revenues from the Facility.\n\nB. The governing body of the Authority may fix and revise from time to time and\ncharge and collect rates, rents, fees, ticket surcharges, or other charges for a\nFacility developed under the provisions of this chapter.\n\nC. If a Facility qualifies for entitlement to sales and use tax revenues\npursuant to the provisions of § 58.1-3851.1 or 58.1-3851.2, the Authority\nshall remain eligible to receive sales and use tax revenues pursuant to the\nprovisions of this chapter; however, the amount received pursuant to this\nchapter shall be reduced by the amount received pursuant to the provisions of\n§ 58.1-3851.1 or 58.1-3851.2.\n\nD. The Tax Commissioner, as defined in § 58.1-1, shall report to the\nChairmen of the Senate Committee on Finance and Appropriations, the House\nCommittee on Appropriations, and the House Committee on Finance by July 1 of\neach year the amount of tax revenues accruing to the Authority pursuant to the\nprovisions of this chapter.\n\nHISTORY: 2020, cc. 538, 539.","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}}