{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6212.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6212.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6212.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6212.html"}],"law_id":81137,"edition_id":1,"section_id":81137,"structure_id":12928,"section_number":"15.2-6212","catch_line":"Dissolution of Authority","history":"1993, c. 982, \u00a7 15.1-1673; 1997, c. 587.","full_text":"Each member locality of the Authority may withdraw from the Authority only upon dissolution of the Authority as set forth herein. Whenever the Board determines that the purpose for which the Authority was created has been substantially fulfilled or is impractical or impossible to accomplish and that all obligations incurred by the Authority have been paid or that cash or a sufficient amount of United States government securities has been deposited for their payment, or provisions satisfactory for the timely payment of all its outstanding obligations have been arranged, the Board may adopt resolutions declaring and finding that the Authority shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving the Authority may be introduced in the General Assembly. The dissolution of the Authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by the Authority at the time of such dissolution shall vest in the counties and cities which have contributed to the fund in proportion to their respective contributions.","order_by":null,"text":{"0":{"id":290799,"text":"Each member locality of the Authority may withdraw from the Authority only upon dissolution of the Authority as set forth herein. Whenever the Board determines that the purpose for which the Authority was created has been substantially fulfilled or is impractical or impossible to accomplish and that all obligations incurred by the Authority have been paid or that cash or a sufficient amount of United States government securities has been deposited for their payment, or provisions satisfactory for the timely payment of all its outstanding obligations have been arranged, the Board may adopt resolutions declaring and finding that the Authority shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving the Authority may be introduced in the General Assembly. The dissolution of the Authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by the Authority at the time of such dissolution shall vest in the counties and cities which have contributed to the fund in proportion to their respective contributions.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6212\/","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":false,"refers_to":false,"permalink":{"id":160105,"object_type":"law","relational_id":81137,"identifier":"15.2-6212","token":"15.2\/IV\/62\/15.2-6212","url":"\/15.2-6212\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6212\/","token":"15.2\/IV\/62\/15.2-6212","dublin_core":{"Title":"Dissolution of Authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6212","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Each member locality<\/span> of the Authority may withdraw from the Authority only upon dissolution of the Authority as set forth herein. Whenever the Board determines that the purpose for which the Authority was created has been substantially fulfilled or is impractical or impossible to accomplish and that all obligations incurred by the Authority have been paid or that cash or a sufficient amount of United States government securities has been deposited for their payment, or provisions satisfactory for the timely payment of all its outstanding obligations have been arranged, the Board may adopt resolutions declaring and finding<\/span> that the Authority shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving the Authority may be introduced in the General Assembly. The dissolution of the Authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by the Authority at the time of such dissolution shall vest in the counties and cities which have contributed to the fund in proportion to their respective contributions.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISSOLUTION OF AUTHORITY (\u00a7 15.2-6212)\n\nEach member locality of the Authority may withdraw from the Authority only upon\ndissolution of the Authority as set forth herein. Whenever the Board determines\nthat the purpose for which the Authority was created has been substantially\nfulfilled or is impractical or impossible to accomplish and that all obligations\nincurred by the Authority have been paid or that cash or a sufficient amount of\nUnited States government securities has been deposited for their payment, or\nprovisions satisfactory for the timely payment of all its outstanding\nobligations have been arranged, the Board may adopt resolutions declaring and\nfinding that the Authority shall be dissolved. Appropriate attested copies of\nsuch resolutions shall be delivered to the Governor so that legislation\ndissolving the Authority may be introduced in the General Assembly. The\ndissolution of the Authority shall become effective according to the terms of\nsuch legislation. The title to all funds and other property owned by the\nAuthority at the time of such dissolution shall vest in the counties and cities\nwhich have contributed to the fund in proportion to their respective\ncontributions.\n\nHISTORY: 1993, c. 982, \u00a7 15.1-1673; 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}}