{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-6415.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-6415.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-6415.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-6415.html"}],"law_id":77427,"edition_id":1,"section_id":77427,"structure_id":14199,"section_number":"15.2-6415","catch_line":"Dissolution of authority","history":"1997, cc. 276, 587, \u00a7 15.1-1725; 2010, c. 531.","full_text":"A member locality of an authority may withdraw from the authority only (i) upon dissolution of the authority as set forth herein, or (ii) with the majority approval of all other members of such authority, upon a resolution adopted by the governing body of a member locality and after satisfaction of such member locality’s legal obligations, including repayment of its portion of any debt incurred, with regard to the authority, or after making contractual provisions for the repayment of its portion of any debt incurred, with regard to the authority, as well as pledging to pay general dues for operation of the authority for the current and succeeding fiscal year following the effective date of withdrawal. No member seeking withdrawal shall retain, without the consent of a majority of the remaining members, any rights to contributions made by such member, to any property held by such authority or to any revenue sharing as allowed by \u00a7\u00a7 15.2-6406 and 15.2-6407. Upon withdrawal, the withdrawing member shall also return to the authority any dues or other contributions refunded to such member during its membership in the authority. 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 such authority may be introduced in the General Assembly. The dissolution of an authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by such authority at the time of such dissolution shall vest in the member localities which have contributed to the authority in proportion to their respective contributions.","order_by":null,"text":{"0":{"id":277728,"text":"A member locality of an authority may withdraw from the authority only (i) upon dissolution of the authority as set forth herein, or (ii) with the majority approval of all other members of such authority, upon a resolution adopted by the governing body of a member locality and after satisfaction of such member locality’s legal obligations, including repayment of its portion of any debt incurred, with regard to the authority, or after making contractual provisions for the repayment of its portion of any debt incurred, with regard to the authority, as well as pledging to pay general dues for operation of the authority for the current and succeeding fiscal year following the effective date of withdrawal. No member seeking withdrawal shall retain, without the consent of a majority of the remaining members, any rights to contributions made by such member, to any property held by such authority or to any revenue sharing as allowed by \u00a7\u00a7 15.2-6406 and 15.2-6407. Upon withdrawal, the withdrawing member shall also return to the authority any dues or other contributions refunded to such member during its membership in the authority. 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 such authority may be introduced in the General Assembly. The dissolution of an authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by such authority at the time of such dissolution shall vest in the member localities which have contributed to the authority in proportion to their respective contributions.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6415\/","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 2010, chapter 531<\/a>.<\/p>","references":false,"refers_to":[{"id":61385,"section_number":"15.2-6406","catch_line":"Donations to authority; remittance of tax revenue","order_by":null,"url":"\/15.2-6406\/"},{"id":70797,"section_number":"15.2-6407","catch_line":"Revenue sharing agreements","order_by":null,"url":"\/15.2-6407\/"}],"permalink":{"id":160289,"object_type":"law","relational_id":77427,"identifier":"15.2-6415","token":"15.2\/IV\/64\/15.2-6415","url":"\/15.2-6415\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-6415\/","token":"15.2\/IV\/64\/15.2-6415","dublin_core":{"Title":"Dissolution of authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6415","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A member locality<\/span> of an authority<\/span> may withdraw from the authority<\/span> only (i) upon dissolution of the authority<\/span> as set forth herein, or (ii) with the majority approval of all other members of such authority<\/span>, upon a resolution adopted by the governing body<\/span> of a member locality<\/span> and after satisfaction of such member locality<\/span>’s legal obligations, including repayment of its portion of any debt incurred, with regard to the authority<\/span>, or after making contractual provisions for the repayment of its portion of any debt incurred, with regard to the authority<\/span>, as well as pledging to pay general dues for operation of the authority<\/span> for the current and succeeding fiscal year following the effective date of withdrawal. No member seeking withdrawal shall retain, without the consent of a majority of the remaining members, any rights to contributions made by such member, to any property held by such authority<\/span> or to any revenue sharing as allowed by \u00a7\u00a7 15.2-6406<\/a> and 15.2-6407<\/a>. Upon withdrawal, the withdrawing member shall also return to the authority<\/span> any dues or other contributions refunded to such member during its membership in the authority<\/span>. Whenever the board<\/span> determines that the purpose for which the authority<\/span> was created has been substantially fulfilled or is impractical or impossible to accomplish and that all obligations incurred by the authority<\/span> 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<\/span> may adopt resolutions declaring and finding<\/span> that the authority<\/span> shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving such authority<\/span> may be introduced in the General Assembly. The dissolution of an authority<\/span> shall become effective according to the terms of such legislation. The title to all funds and other property owned by such authority<\/span> at the time of such dissolution shall vest in the member localities<\/span> which have contributed to the authority<\/span> in proportion to their respective contributions.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISSOLUTION OF AUTHORITY (\u00a7 15.2-6415)\n\nA member locality of an authority may withdraw from the authority only (i) upon\ndissolution of the authority as set forth herein, or (ii) with the majority\napproval of all other members of such authority, upon a resolution adopted by\nthe governing body of a member locality and after satisfaction of such member\nlocality’s legal obligations, including repayment of its portion of any\ndebt incurred, with regard to the authority, or after making contractual\nprovisions for the repayment of its portion of any debt incurred, with regard to\nthe authority, as well as pledging to pay general dues for operation of the\nauthority for the current and succeeding fiscal year following the effective\ndate of withdrawal. No member seeking withdrawal shall retain, without the\nconsent of a majority of the remaining members, any rights to contributions made\nby such member, to any property held by such authority or to any revenue sharing\nas allowed by \u00a7\u00a7 15.2-6406 and 15.2-6407. Upon withdrawal, the withdrawing\nmember shall also return to the authority any dues or other contributions\nrefunded to such member during its membership in the authority. Whenever the\nboard determines that the purpose for which the authority was created has been\nsubstantially fulfilled or is impractical or impossible to accomplish and that\nall obligations incurred by the authority have been paid or that cash or a\nsufficient amount of United States government securities has been deposited for\ntheir payment, or provisions satisfactory for the timely payment of all its\noutstanding obligations have been arranged, the board may adopt resolutions\ndeclaring and finding that the authority shall be dissolved. Appropriate\nattested copies of such resolutions shall be delivered to the Governor so that\nlegislation dissolving such authority may be introduced in the General Assembly.\nThe dissolution of an authority shall become effective according to the terms of\nsuch legislation. The title to all funds and other property owned by such\nauthority at the time of such dissolution shall vest in the member localities\nwhich have contributed to the authority in proportion to their respective\ncontributions.\n\nHISTORY: 1997, cc. 276, 587, \u00a7 15.1-1725; 2010, c. 531.","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}}