{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6208.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6208.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6208.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6208.html"}],"law_id":61231,"edition_id":1,"section_id":61231,"structure_id":12928,"section_number":"15.2-6208","catch_line":"Eligible use of funds","history":"1993, c. 982, \u00a7 15.1-1669; 1997, c. 587.","full_text":"From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:\n\n1\n\nPurchase of real estate;2\n\nGrading of sites;3\n\nWater, sewer, natural gas or electrical line improvements, replacement and extensions;4\n\nConstruction, rehabilitation, and expansion of buildings;5\n\nConstruction of parking facilities;6\n\nAccess roads construction and street improvements;7\n\nPurchase or lease of machinery and tools; and8\n\nAny other improvements deemed necessary by the Authority to meet its objectives.","order_by":null,"text":{"0":{"id":223736,"text":"From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":223737,"text":"Purchase of real estate;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":223738,"text":"Grading of sites;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":223739,"text":"Water, sewer, natural gas or electrical line improvements, replacement and extensions;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":223740,"text":"Construction, rehabilitation, and expansion of buildings;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":223741,"text":"Construction of parking facilities;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":223742,"text":"Access roads construction and street improvements;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":223743,"text":"Purchase or lease of machinery and tools; and","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":223744,"text":"Any other improvements deemed necessary by the Authority to meet its objectives.","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7"}},"ancestry":[{"id":12928,"edition_id":1,"name":"Alleghany Highlands Economic Development Authority","identifier":"62","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:44:02","date_modified":"2026-06-26 03:44:02","permalink":{"id":160055,"object_type":"structure","relational_id":12928,"identifier":"62","token":"15.2\/IV\/62","url":"\/15.2\/IV\/62\/","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":55938,"structure_id":12928,"section_number":"15.2-6200","catch_line":"Authority created; name","url":"\/15.2-6200\/","token":"15.2\/IV\/62\/15.2-6200","metadata":false},{"id":54442,"structure_id":12928,"section_number":"15.2-6201","catch_line":"Findings of fact","url":"\/15.2-6201\/","token":"15.2\/IV\/62\/15.2-6201","metadata":false},{"id":85166,"structure_id":12928,"section_number":"15.2-6202","catch_line":"Duties of Authority; governmental functions","url":"\/15.2-6202\/","token":"15.2\/IV\/62\/15.2-6202","metadata":false},{"id":67251,"structure_id":12928,"section_number":"15.2-6203","catch_line":"Board of Authority; members and officers; staff; annual report","url":"\/15.2-6203\/","token":"15.2\/IV\/62\/15.2-6203","metadata":false},{"id":54034,"structure_id":12928,"section_number":"15.2-6204","catch_line":"Office of Authority; title to property","url":"\/15.2-6204\/","token":"15.2\/IV\/62\/15.2-6204","metadata":false},{"id":61534,"structure_id":12928,"section_number":"15.2-6205","catch_line":"General powers of Authority; regulations; enforcement of statutes, rules, etc","url":"\/15.2-6205\/","token":"15.2\/IV\/62\/15.2-6205","metadata":false},{"id":56992,"structure_id":12928,"section_number":"15.2-6206","catch_line":"Further powers","url":"\/15.2-6206\/","token":"15.2\/IV\/62\/15.2-6206","metadata":false},{"id":75713,"structure_id":12928,"section_number":"15.2-6207","catch_line":"Acceptance of funds, property, grants, or loans","url":"\/15.2-6207\/","token":"15.2\/IV\/62\/15.2-6207","metadata":false},{"id":61231,"structure_id":12928,"section_number":"15.2-6208","catch_line":"Eligible use of funds","url":"\/15.2-6208\/","token":"15.2\/IV\/62\/15.2-6208","metadata":false},{"id":76017,"structure_id":12928,"section_number":"15.2-6209","catch_line":"Capitalization of Authority","url":"\/15.2-6209\/","token":"15.2\/IV\/62\/15.2-6209","metadata":false},{"id":60900,"structure_id":12928,"section_number":"15.2-6210","catch_line":"Proceeds held","url":"\/15.2-6210\/","token":"15.2\/IV\/62\/15.2-6210","metadata":false},{"id":65514,"structure_id":12928,"section_number":"15.2-6211","catch_line":"Forms of accounts and records; audit of same","url":"\/15.2-6211\/","token":"15.2\/IV\/62\/15.2-6211","metadata":false},{"id":81137,"structure_id":12928,"section_number":"15.2-6212","catch_line":"Dissolution of Authority","url":"\/15.2-6212\/","token":"15.2\/IV\/62\/15.2-6212","metadata":false},{"id":64108,"structure_id":12928,"section_number":"15.2-6213","catch_line":"Chapter liberally construed","url":"\/15.2-6213\/","token":"15.2\/IV\/62\/15.2-6213","metadata":false},{"id":75365,"structure_id":12928,"section_number":"15.2-6214","catch_line":"Revenue sharing agreements","url":"\/15.2-6214\/","token":"15.2\/IV\/62\/15.2-6214","metadata":false}],"previous_section":{"id":75713,"structure_id":12928,"section_number":"15.2-6207","catch_line":"Acceptance of funds, property, grants, or loans","url":"\/15.2-6207\/","token":"15.2\/IV\/62\/15.2-6207","metadata":false},"next_section":{"id":76017,"structure_id":12928,"section_number":"15.2-6209","catch_line":"Capitalization of Authority","url":"\/15.2-6209\/","token":"15.2\/IV\/62\/15.2-6209","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6208\/","history_text":"

This law was first created in 1993. The record of its establishment is cataloged in chapter 982 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 1993 \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":[{"id":60900,"section_number":"15.2-6210","catch_line":"Proceeds held","order_by":null,"url":"\/15.2-6210\/"}],"refers_to":false,"permalink":{"id":160089,"object_type":"law","relational_id":61231,"identifier":"15.2-6208","token":"15.2\/IV\/62\/15.2-6208","url":"\/15.2-6208\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6208\/","token":"15.2\/IV\/62\/15.2-6208","dublin_core":{"Title":"Eligible use of funds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6208","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Purchase of real estate; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Grading of sites; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Water, sewer, natural gas or electrical line improvements, replacement and extensions; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Construction, rehabilitation, and expansion of buildings; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Construction of parking facilities; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Access roads construction and street improvements; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Purchase or lease of machinery and tools; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Any other improvements deemed necessary by the Authority to meet its objectives. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nELIGIBLE USE OF FUNDS (\u00a7 15.2-6208)\n\nFrom such funds as may be appropriated or received, the Authority may make loans\nand grants for the benefit of qualified private, for-profit enterprises and\npublic or not-for-profit enterprises, nonprofit industrial development\ncorporations, or industrial development authorities for financing the following:\n\n1. Purchase of real estate;\n\n2. Grading of sites;\n\n3. Water, sewer, natural gas or electrical line improvements, replacement and\nextensions;\n\n4. Construction, rehabilitation, and expansion of buildings;\n\n5. Construction of parking facilities;\n\n6. Access roads construction and street improvements;\n\n7. Purchase or lease of machinery and tools; and\n\n8. Any other improvements deemed necessary by the Authority to meet its\nobjectives.\n\nHISTORY: 1993, c. 982, \u00a7 15.1-1669; 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}}