{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2348.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2348.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2348.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2348.html"}],"law_id":70215,"edition_id":1,"section_id":70215,"structure_id":13535,"section_number":"2.2-2348","catch_line":"Rents, fees, and charges; disposition of revenues","history":"2011, c. 716.","full_text":"The rents, fees, and charges established by the Authority for the use of its property, projects, and facilities and for any other service furnished or provided by the Authority shall be fixed so that they, together with other revenues of the Authority, shall provide at least sufficient funds to pay the cost of maintaining, repairing, and operating the Authority; its property, projects, and facilities; and the principal and interest of any bonds issued by the Authority or other debts contracted as the same shall become due and payable. A reserve may be accumulated and maintained out of the revenues of the Authority for extraordinary repairs and expenses and for such other purposes as may be provided in any resolution authorizing a bond issue or in any trust indenture securing such bonds. Subject to such provisions and restrictions as may be set forth in the resolution or in the trust indenture authorizing or securing any of the bonds or other obligations issued hereunder, the Authority shall have exclusive control of the revenue derived from the operation of the Authority and the right to use such revenues in the exercise of its powers and duties set forth in this article. No person, firm, association, or corporation shall receive any profit or dividend from the revenues, earnings, or other funds or assets of such authority other than for debts contracted, for services rendered, for materials and supplies furnished, and for other value actually received by the Authority.\n\t\tThe accounts of the Authority shall be audited annually by the Auditor of Public Accounts, or his legally authorized representative, and the cost of such audit shall be borne by the Authority. Copies of the annual audit shall be distributed to the Governor and to the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.","order_by":null,"text":{"0":{"id":253530,"text":"The rents, fees, and charges established by the Authority for the use of its property, projects, and facilities and for any other service furnished or provided by the Authority shall be fixed so that they, together with other revenues of the Authority, shall provide at least sufficient funds to pay the cost of maintaining, repairing, and operating the Authority; its property, projects, and facilities; and the principal and interest of any bonds issued by the Authority or other debts contracted as the same shall become due and payable. A reserve may be accumulated and maintained out of the revenues of the Authority for extraordinary repairs and expenses and for such other purposes as may be provided in any resolution authorizing a bond issue or in any trust indenture securing such bonds. Subject to such provisions and restrictions as may be set forth in the resolution or in the trust indenture authorizing or securing any of the bonds or other obligations issued hereunder, the Authority shall have exclusive control of the revenue derived from the operation of the Authority and the right to use such revenues in the exercise of its powers and duties set forth in this article. No person, firm, association, or corporation shall receive any profit or dividend from the revenues, earnings, or other funds or assets of such authority other than for debts contracted, for services rendered, for materials and supplies furnished, and for other value actually received by the Authority.\n\t\tThe accounts of the Authority shall be audited annually by the Auditor of Public Accounts, or his legally authorized representative, and the cost of such audit shall be borne by the Authority. Copies of the annual audit shall be distributed to the Governor and to the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13535,"edition_id":1,"name":"Fort Monroe Authority Act","identifier":"10","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:45:09","date_modified":"2026-06-26 03:45:09","permalink":{"id":173953,"object_type":"structure","relational_id":13535,"identifier":"10","token":"2.2\/I\/D\/22\/10","url":"\/2.2\/I\/D\/22\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85644,"structure_id":13535,"section_number":"2.2-2336","catch_line":"Short title; declaration of public purpose; Fort Monroe Authority created; successor in interest to Fort Monroe Federal Area Development Authority","url":"\/2.2-2336\/","token":"2.2\/I\/D\/22\/10\/2.2-2336","metadata":false},{"id":86922,"structure_id":13535,"section_number":"2.2-2337","catch_line":"Definitions","url":"\/2.2-2337\/","token":"2.2\/I\/D\/22\/10\/2.2-2337","metadata":false},{"id":76395,"structure_id":13535,"section_number":"2.2-2338","catch_line":"Board of Trustees; membership","url":"\/2.2-2338\/","token":"2.2\/I\/D\/22\/10\/2.2-2338","metadata":false},{"id":75257,"structure_id":13535,"section_number":"2.2-2339","catch_line":"Duties of the Authority","url":"\/2.2-2339\/","token":"2.2\/I\/D\/22\/10\/2.2-2339","metadata":false},{"id":62239,"structure_id":13535,"section_number":"2.2-2339.1","catch_line":"Fort Monroe Master Plan; approval by Governor","url":"\/2.2-2339.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2339.1","metadata":false},{"id":61272,"structure_id":13535,"section_number":"2.2-2340","catch_line":"Additional declaration of policy; powers of the Authority; penalty","url":"\/2.2-2340\/","token":"2.2\/I\/D\/22\/10\/2.2-2340","metadata":false},{"id":77756,"structure_id":13535,"section_number":"2.2-2340.1","catch_line":"Use of safety and security enhancement devices","url":"\/2.2-2340.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2340.1","metadata":false},{"id":75300,"structure_id":13535,"section_number":"2.2-2341","catch_line":"Relationship to the City of Hampton","url":"\/2.2-2341\/","token":"2.2\/I\/D\/22\/10\/2.2-2341","metadata":false},{"id":54501,"structure_id":13535,"section_number":"2.2-2341.1","catch_line":"Control over the use of certain vehicles","url":"\/2.2-2341.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2341.1","metadata":false},{"id":67540,"structure_id":13535,"section_number":"2.2-2342","catch_line":"Payments to Commonwealth or political subdivisions thereof; payments to the City of Hampton","url":"\/2.2-2342\/","token":"2.2\/I\/D\/22\/10\/2.2-2342","metadata":false},{"id":66702,"structure_id":13535,"section_number":"2.2-2343","catch_line":"Authority may borrow money, accept contributions, etc","url":"\/2.2-2343\/","token":"2.2\/I\/D\/22\/10\/2.2-2343","metadata":false},{"id":80237,"structure_id":13535,"section_number":"2.2-2344","catch_line":"Authority empowered to issue bonds; additional security; liability thereon","url":"\/2.2-2344\/","token":"2.2\/I\/D\/22\/10\/2.2-2344","metadata":false},{"id":71633,"structure_id":13535,"section_number":"2.2-2345","catch_line":"Powers and duties of chief executive officer","url":"\/2.2-2345\/","token":"2.2\/I\/D\/22\/10\/2.2-2345","metadata":false},{"id":64131,"structure_id":13535,"section_number":"2.2-2346","catch_line":"Legal services","url":"\/2.2-2346\/","token":"2.2\/I\/D\/22\/10\/2.2-2346","metadata":false},{"id":82533,"structure_id":13535,"section_number":"2.2-2347","catch_line":"Exemption from taxation","url":"\/2.2-2347\/","token":"2.2\/I\/D\/22\/10\/2.2-2347","metadata":false},{"id":70215,"structure_id":13535,"section_number":"2.2-2348","catch_line":"Rents, fees, and charges; disposition of revenues","url":"\/2.2-2348\/","token":"2.2\/I\/D\/22\/10\/2.2-2348","metadata":false},{"id":75196,"structure_id":13535,"section_number":"2.2-2348.1","catch_line":"Ratification of the ownership of certain lands in the City of Hampton known as Fort Monroe; ownership and operation of utilities","url":"\/2.2-2348.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2348.1","metadata":false},{"id":81189,"structure_id":13535,"section_number":"2.2-2349","catch_line":"Powers conferred additional and supplemental; liberal construction","url":"\/2.2-2349\/","token":"2.2\/I\/D\/22\/10\/2.2-2349","metadata":false},{"id":68179,"structure_id":13535,"section_number":"2.2-2349.1","catch_line":"Chapter controlling over inconsistent laws","url":"\/2.2-2349.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2349.1","metadata":false},{"id":57715,"structure_id":13535,"section_number":"2.2-2350","catch_line":"Sovereign immunity","url":"\/2.2-2350\/","token":"2.2\/I\/D\/22\/10\/2.2-2350","metadata":false}],"previous_section":{"id":82533,"structure_id":13535,"section_number":"2.2-2347","catch_line":"Exemption from taxation","url":"\/2.2-2347\/","token":"2.2\/I\/D\/22\/10\/2.2-2347","metadata":false},"next_section":{"id":75196,"structure_id":13535,"section_number":"2.2-2348.1","catch_line":"Ratification of the ownership of certain lands in the City of Hampton known as Fort Monroe; ownership and operation of utilities","url":"\/2.2-2348.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2348.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2348\/","history_text":"

This law was first created in 2011. The record of its establishment is cataloged in chapter 716<\/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":174015,"object_type":"law","relational_id":70215,"identifier":"2.2-2348","token":"2.2\/I\/D\/22\/10\/2.2-2348","url":"\/2.2-2348\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2348\/","token":"2.2\/I\/D\/22\/10\/2.2-2348","dublin_core":{"Title":"Rents, fees, and charges; disposition of revenues","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2348","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The rents, fees, and charges established by the Authority<\/span> for the use of its property, projects<\/span>, and facilities and for any other service furnished or provided by the Authority<\/span> shall be fixed so that they, together with other revenues of the Authority<\/span>, shall provide at least sufficient funds to pay the cost of maintaining, repairing, and operating the Authority<\/span>; its property, projects<\/span>, and facilities; and the principal and interest of any bonds<\/span><\/span> issued by the Authority<\/span> or other debts contracted as the same shall become due and payable. A reserve may be accumulated and maintained out of the revenues of the Authority<\/span> for extraordinary repairs and expenses and for such other purposes as may be provided in any resolution authorizing a bond<\/span> issue<\/span> or in any trust indenture securing such bonds<\/span><\/span>. Subject to such provisions and restrictions as may be set forth in the resolution or in the trust indenture authorizing or securing any of the bonds<\/span><\/span> or other obligations issued hereunder, the Authority<\/span> shall have exclusive control of the revenue derived from the operation of the Authority<\/span> and the right to use such revenues in the exercise of its powers and duties set forth in this article. No person, firm, association, or corporation shall receive any profit or dividend from the revenues, earnings, or other funds or assets<\/span> of such authority<\/span> other than for debts contracted, for services rendered, for materials<\/span> and supplies furnished, and for other value actually received by the Authority<\/span>.\n\t\tThe accounts of the Authority<\/span> shall be audited annually by the Auditor of Public Accounts, or his legally authorized representative, and the cost of such audit shall be borne by the Authority<\/span>. Copies of the annual audit shall be distributed to the Governor and to the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRENTS, FEES, AND CHARGES; DISPOSITION OF REVENUES (\u00a7 2.2-2348)\n\nThe rents, fees, and charges established by the Authority for the use of its\nproperty, projects, and facilities and for any other service furnished or\nprovided by the Authority shall be fixed so that they, together with other\nrevenues of the Authority, shall provide at least sufficient funds to pay the\ncost of maintaining, repairing, and operating the Authority; its property,\nprojects, and facilities; and the principal and interest of any bonds issued by\nthe Authority or other debts contracted as the same shall become due and\npayable. A reserve may be accumulated and maintained out of the revenues of the\nAuthority for extraordinary repairs and expenses and for such other purposes as\nmay be provided in any resolution authorizing a bond issue or in any trust\nindenture securing such bonds. Subject to such provisions and restrictions as\nmay be set forth in the resolution or in the trust indenture authorizing or\nsecuring any of the bonds or other obligations issued hereunder, the Authority\nshall have exclusive control of the revenue derived from the operation of the\nAuthority and the right to use such revenues in the exercise of its powers and\nduties set forth in this article. No person, firm, association, or corporation\nshall receive any profit or dividend from the revenues, earnings, or other funds\nor assets of such authority other than for debts contracted, for services\nrendered, for materials and supplies furnished, and for other value actually\nreceived by the Authority.\n\t\tThe accounts of the Authority shall be audited annually by the Auditor of\nPublic Accounts, or his legally authorized representative, and the cost of such\naudit shall be borne by the Authority. Copies of the annual audit shall be\ndistributed to the Governor and to the Chairmen of the House Committee on\nAppropriations and the Senate Committee on Finance and Appropriations.\n\nHISTORY: 2011, c. 716.","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}}