{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6401.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6401.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6401.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6401.html"}],"law_id":79446,"edition_id":1,"section_id":79446,"structure_id":14199,"section_number":"15.2-6401","catch_line":"Findings; purpose; governmental functions","history":"1997, cc. 276, 587, \u00a7 15.1-1711.","full_text":"A\n\nThe economies of many localities within the region have not kept pace with those of the rest of the Commonwealth. Individual localities in the region often lack the financial resources to assist in the development of economic development projects. Providing a mechanism for localities in the region to cooperate in the development of facilities will assist the region in overcoming this barrier to economic growth. The creation of regional industrial facility authorities will assist this area of the Commonwealth in achieving a greater degree of economic stability.B\n\nThe purpose of a regional industrial facility authority is to enhance the economic base for the member localities by developing, owning, and operating one or more facilities on a cooperative basis involving its member localities.C\n\nThe exercise of the powers granted by this chapter shall be in all respects for the benefit of the inhabitants of the region and other areas of the Commonwealth, for the increase of their commerce, and for the promotion of their safety, health, welfare, convenience and prosperity.","order_by":null,"text":{"0":{"id":284610,"text":"The economies of many localities within the region have not kept pace with those of the rest of the Commonwealth. Individual localities in the region often lack the financial resources to assist in the development of economic development projects. Providing a mechanism for localities in the region to cooperate in the development of facilities will assist the region in overcoming this barrier to economic growth. The creation of regional industrial facility authorities will assist this area of the Commonwealth in achieving a greater degree of economic stability.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":284611,"text":"The purpose of a regional industrial facility authority is to enhance the economic base for the member localities by developing, owning, and operating one or more facilities on a cooperative basis involving its member localities.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":284612,"text":"The exercise of the powers granted by this chapter shall be in all respects for the benefit of the inhabitants of the region and other areas of the Commonwealth, for the increase of their commerce, and for the promotion of their safety, health, welfare, convenience and prosperity.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14199,"edition_id":1,"name":"Virginia Regional Industrial Facilities Act","identifier":"64","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:47:15","date_modified":"2026-06-26 03:47:15","permalink":{"id":160227,"object_type":"structure","relational_id":14199,"identifier":"64","token":"15.2\/IV\/64","url":"\/15.2\/IV\/64\/","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":57110,"structure_id":14199,"section_number":"15.2-6400","catch_line":"Definitions","url":"\/15.2-6400\/","token":"15.2\/IV\/64\/15.2-6400","metadata":false},{"id":79446,"structure_id":14199,"section_number":"15.2-6401","catch_line":"Findings; purpose; governmental functions","url":"\/15.2-6401\/","token":"15.2\/IV\/64\/15.2-6401","metadata":false},{"id":84239,"structure_id":14199,"section_number":"15.2-6402","catch_line":"Procedure for creation of authorities","url":"\/15.2-6402\/","token":"15.2\/IV\/64\/15.2-6402","metadata":false},{"id":55385,"structure_id":14199,"section_number":"15.2-6403","catch_line":"Board of the authority","url":"\/15.2-6403\/","token":"15.2\/IV\/64\/15.2-6403","metadata":false},{"id":60109,"structure_id":14199,"section_number":"15.2-6404","catch_line":"Office of authority; title to property","url":"\/15.2-6404\/","token":"15.2\/IV\/64\/15.2-6404","metadata":false},{"id":72941,"structure_id":14199,"section_number":"15.2-6405","catch_line":"Powers of the authority","url":"\/15.2-6405\/","token":"15.2\/IV\/64\/15.2-6405","metadata":false},{"id":61385,"structure_id":14199,"section_number":"15.2-6406","catch_line":"Donations to authority; remittance of tax revenue","url":"\/15.2-6406\/","token":"15.2\/IV\/64\/15.2-6406","metadata":false},{"id":70797,"structure_id":14199,"section_number":"15.2-6407","catch_line":"Revenue sharing agreements","url":"\/15.2-6407\/","token":"15.2\/IV\/64\/15.2-6407","metadata":false},{"id":72736,"structure_id":14199,"section_number":"15.2-6408","catch_line":"Applicability of land use regulations","url":"\/15.2-6408\/","token":"15.2\/IV\/64\/15.2-6408","metadata":false},{"id":74275,"structure_id":14199,"section_number":"15.2-6409","catch_line":"Bond issues; contesting validity of bonds","url":"\/15.2-6409\/","token":"15.2\/IV\/64\/15.2-6409","metadata":false},{"id":67781,"structure_id":14199,"section_number":"15.2-6410","catch_line":"Investments in bonds","url":"\/15.2-6410\/","token":"15.2\/IV\/64\/15.2-6410","metadata":false},{"id":63629,"structure_id":14199,"section_number":"15.2-6411","catch_line":"Bonds exempt from taxation","url":"\/15.2-6411\/","token":"15.2\/IV\/64\/15.2-6411","metadata":false},{"id":65569,"structure_id":14199,"section_number":"15.2-6412","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","url":"\/15.2-6412\/","token":"15.2\/IV\/64\/15.2-6412","metadata":false},{"id":72648,"structure_id":14199,"section_number":"15.2-6413","catch_line":"Forms of accounts and records; audit of same","url":"\/15.2-6413\/","token":"15.2\/IV\/64\/15.2-6413","metadata":false},{"id":71960,"structure_id":14199,"section_number":"15.2-6414","catch_line":"Tort liability","url":"\/15.2-6414\/","token":"15.2\/IV\/64\/15.2-6414","metadata":false},{"id":77427,"structure_id":14199,"section_number":"15.2-6415","catch_line":"Dissolution of authority","url":"\/15.2-6415\/","token":"15.2\/IV\/64\/15.2-6415","metadata":false},{"id":62186,"structure_id":14199,"section_number":"15.2-6416","catch_line":"Chapter liberally construed","url":"\/15.2-6416\/","token":"15.2\/IV\/64\/15.2-6416","metadata":false}],"previous_section":{"id":57110,"structure_id":14199,"section_number":"15.2-6400","catch_line":"Definitions","url":"\/15.2-6400\/","token":"15.2\/IV\/64\/15.2-6400","metadata":false},"next_section":{"id":84239,"structure_id":14199,"section_number":"15.2-6402","catch_line":"Procedure for creation of authorities","url":"\/15.2-6402\/","token":"15.2\/IV\/64\/15.2-6402","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6401\/","history_text":"

This law was first created in 1997. The record of its establishment is cataloged in chapters 276<\/a> and 587<\/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":false,"permalink":{"id":160233,"object_type":"law","relational_id":79446,"identifier":"15.2-6401","token":"15.2\/IV\/64\/15.2-6401","url":"\/15.2-6401\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6401\/","token":"15.2\/IV\/64\/15.2-6401","dublin_core":{"Title":"Findings; purpose; governmental functions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6401","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The economies of many localities within the region<\/span> have not kept pace with those of the rest of the Commonwealth. Individual localities in the region<\/span> often lack the financial resources to assist in the development of economic development projects. Providing a mechanism for localities in the region<\/span> to cooperate in the development of facilities will assist the region<\/span> in overcoming this barrier to economic growth. The creation of regional industrial facility<\/span> authorities will assist this area of the Commonwealth in achieving a greater degree of economic stability. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The purpose of a regional industrial facility<\/span> authority<\/span> is to enhance the economic base for the member localities<\/span> by developing, owning, and operating one or more facilities on a cooperative basis involving its member localities<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The exercise of the powers granted by this chapter shall be in all respects for the benefit of the inhabitants of the region<\/span> and other areas of the Commonwealth, for the increase of their commerce, and for the promotion of their safety, health, welfare, convenience and prosperity. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFINDINGS; PURPOSE; GOVERNMENTAL FUNCTIONS (\u00a7 15.2-6401)\n\nA. The economies of many localities within the region have not kept pace with\nthose of the rest of the Commonwealth. Individual localities in the region often\nlack the financial resources to assist in the development of economic\ndevelopment projects. Providing a mechanism for localities in the region to\ncooperate in the development of facilities will assist the region in overcoming\nthis barrier to economic growth. The creation of regional industrial facility\nauthorities will assist this area of the Commonwealth in achieving a greater\ndegree of economic stability.\n\nB. The purpose of a regional industrial facility authority is to enhance the\neconomic base for the member localities by developing, owning, and operating one\nor more facilities on a cooperative basis involving its member localities.\n\nC. The exercise of the powers granted by this chapter shall be in all respects\nfor the benefit of the inhabitants of the region and other areas of the\nCommonwealth, for the increase of their commerce, and for the promotion of their\nsafety, health, welfare, convenience and prosperity.\n\nHISTORY: 1997, cc. 276, 587, \u00a7 15.1-1711.","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}}