{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6214.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6214.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6214.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6214.html"}],"law_id":75365,"edition_id":1,"section_id":75365,"structure_id":12928,"section_number":"15.2-6214","catch_line":"Revenue sharing agreements","history":"1993, c. 982, \u00a7 15.1-1675; 1997, c. 587; 2006, c. 861.","full_text":"Notwithstanding the requirements of Chapter 34 (\u00a7 15.2-3400 et seq.) of Title 15.2, the County of Alleghany and the Town of Clifton Forge may agree to a revenue and economic growth sharing arrangement with respect to tax revenues generated by any industry, business or other for-profit employment generating enterprise locating in any of the localities. The obligations of the parties to any such agreement shall not be construed to be debt within the meaning of Article VII, Section 10 of the Constitution of Virginia. Any such agreement shall be approved by a majority vote of the governing bodies of the localities reaching agreement but shall not require any other approval.","order_by":null,"text":{"0":{"id":270523,"text":"Notwithstanding the requirements of Chapter 34 (\u00a7 15.2-3400 et seq.) of Title 15.2, the County of Alleghany and the Town of Clifton Forge may agree to a revenue and economic growth sharing arrangement with respect to tax revenues generated by any industry, business or other for-profit employment generating enterprise locating in any of the localities. The obligations of the parties to any such agreement shall not be construed to be debt within the meaning of Article VII, Section 10 of the Constitution of Virginia. Any such agreement shall be approved by a majority vote of the governing bodies of the localities reaching agreement but shall not require any other approval.","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":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\/15.2-6214\/","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 2 times. 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. Those modifications are as follows: in 1997, chapter 587<\/a>; in 2006, chapter 861<\/a>.<\/p>","references":false,"refers_to":[{"id":75841,"section_number":"15.2-3400","catch_line":"Voluntary settlements among local governments","order_by":null,"url":"\/15.2-3400\/"}],"permalink":{"id":160113,"object_type":"law","relational_id":75365,"identifier":"15.2-6214","token":"15.2\/IV\/62\/15.2-6214","url":"\/15.2-6214\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6214\/","token":"15.2\/IV\/62\/15.2-6214","dublin_core":{"Title":"Revenue sharing agreements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6214","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Notwithstanding the requirements of Chapter 34 (\u00a7 15.2-3400<\/a> et seq.) of Title 15.2, the County<\/span> of Alleghany and the Town<\/span> of Clifton Forge may agree to a revenue and economic growth sharing arrangement with respect to tax revenues generated by any industry, business or other for-profit employment generating enterprise locating in any of the localities. The obligations of the parties to any such agreement shall not be construed to be debt within the meaning of Article VII, Section 10 of the Constitution of Virginia. Any such agreement shall be approved by a majority vote of the governing bodies of the localities reaching agreement but shall not require any other approval.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREVENUE SHARING AGREEMENTS (\u00a7 15.2-6214)\n\nNotwithstanding the requirements of Chapter 34 (\u00a7 15.2-3400 et seq.) of Title\n15.2, the County of Alleghany and the Town of Clifton Forge may agree to a\nrevenue and economic growth sharing arrangement with respect to tax revenues\ngenerated by any industry, business or other for-profit employment generating\nenterprise locating in any of the localities. The obligations of the parties to\nany such agreement shall not be construed to be debt within the meaning of\nArticle VII, Section 10 of the Constitution of Virginia. Any such agreement\nshall be approved by a majority vote of the governing bodies of the localities\nreaching agreement but shall not require any other approval.\n\nHISTORY: 1993, c. 982, \u00a7 15.1-1675; 1997, c. 587; 2006, c. 861.","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}}