{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6406.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6406.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6406.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6406.html"}],"law_id":61385,"edition_id":1,"section_id":61385,"structure_id":14199,"section_number":"15.2-6406","catch_line":"Donations to authority; remittance of tax revenue","history":"1997, cc. 276, 587, \u00a7 15.1-1716; 2004, cc. 42, 603, 640.","full_text":"A\n\nMember localities are hereby authorized to lend or donate money or other property to an authority for any of its purposes. The member locality making the grant or loan may restrict the use of such grants or loans to a specific facility owned by the authority, within or without that member locality.B\n\nThe governing body of the member locality in which a facility owned by an authority is located may direct, by resolution or ordinance, that all tax revenue collected with respect to the facility shall be remitted to the authority. Such revenues may be used for the payment of debt service on bonds of the authority and other obligations of the authority incurred with respect to such facility. The action of such governing body shall not constitute a pledge of the credit or taxing power of such locality.","order_by":null,"text":{"0":{"id":224236,"text":"Member localities are hereby authorized to lend or donate money or other property to an authority for any of its purposes. The member locality making the grant or loan may restrict the use of such grants or loans to a specific facility owned by the authority, within or without that member locality.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":224237,"text":"The governing body of the member locality in which a facility owned by an authority is located may direct, by resolution or ordinance, that all tax revenue collected with respect to the facility shall be remitted to the authority. Such revenues may be used for the payment of debt service on bonds of the authority and other obligations of the authority incurred with respect to such facility. The action of such governing body shall not constitute a pledge of the credit or taxing power of such locality.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6406\/","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. 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 2004, chapters 42<\/a>, 603<\/a>, and 640<\/a>.<\/p>","references":[{"id":77427,"section_number":"15.2-6415","catch_line":"Dissolution of authority","order_by":null,"url":"\/15.2-6415\/"}],"refers_to":false,"permalink":{"id":160253,"object_type":"law","relational_id":61385,"identifier":"15.2-6406","token":"15.2\/IV\/64\/15.2-6406","url":"\/15.2-6406\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6406\/","token":"15.2\/IV\/64\/15.2-6406","dublin_core":{"Title":"Donations to authority; remittance of tax revenue","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6406","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Member localities<\/span> are hereby authorized to lend or donate money or other property to an authority<\/span> for any of its purposes. The member locality<\/span> making the grant or loan may restrict the use of such grants or loans to a specific facility<\/span> owned by the authority<\/span>, within or without that member locality<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The governing body<\/span> of the member locality<\/span> in which a facility<\/span> owned by an authority<\/span> is located may direct, by resolution or ordinance<\/span>, that all tax revenue collected with respect to the facility<\/span> shall be remitted to the authority<\/span>. Such revenues<\/span> may be used for the payment of debt service on bonds<\/span> of the authority<\/span> and other obligations of the authority<\/span> incurred with respect to such facility<\/span>. The action of such governing body<\/span> shall not constitute a pledge of the credit or taxing power of such locality<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDONATIONS TO AUTHORITY; REMITTANCE OF TAX REVENUE (\u00a7 15.2-6406)\n\nA. Member localities are hereby authorized to lend or donate money or other\nproperty to an authority for any of its purposes. The member locality making the\ngrant or loan may restrict the use of such grants or loans to a specific\nfacility owned by the authority, within or without that member locality.\n\nB. The governing body of the member locality in which a facility owned by an\nauthority is located may direct, by resolution or ordinance, that all tax\nrevenue collected with respect to the facility shall be remitted to the\nauthority. Such revenues may be used for the payment of debt service on bonds of\nthe authority and other obligations of the authority incurred with respect to\nsuch facility. The action of such governing body shall not constitute a pledge\nof the credit or taxing power of such locality.\n\nHISTORY: 1997, cc. 276, 587, \u00a7 15.1-1716; 2004, cc. 42, 603, 640.","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}}