{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2762.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2762.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2762.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2762.html"}],"law_id":74183,"edition_id":1,"section_id":74183,"structure_id":15829,"section_number":"2.2-2762","catch_line":"Virginia Business Ready Sites Acquisition Fund","history":"2023, c. 779.","full_text":"There is hereby created in the state treasury a special nonreverting fund to be known as the Virginia Business Ready Sites Acquisition Fund, referred to in this section as “the Fund.” The Fund shall be established on the books of the Comptroller. All moneys appropriated by the General Assembly for the Fund, and from any other sources, public or private, shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely for the purposes of this chapter, which may include administrative costs for due diligence, site acquisition activities, or site development activities, as those terms are defined in \u00a7 2.2-2760. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Director of the Department, pursuant to subdivision B 2 of \u00a7 2.2-2761, or the Authority, pursuant to subdivision B 1 or 3 of \u00a7 2.2-2761.","order_by":null,"text":{"0":{"id":266734,"text":"There is hereby created in the state treasury a special nonreverting fund to be known as the Virginia Business Ready Sites Acquisition Fund, referred to in this section as “the Fund.” The Fund shall be established on the books of the Comptroller. All moneys appropriated by the General Assembly for the Fund, and from any other sources, public or private, shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely for the purposes of this chapter, which may include administrative costs for due diligence, site acquisition activities, or site development activities, as those terms are defined in \u00a7 2.2-2760. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Director of the Department, pursuant to subdivision B 2 of \u00a7 2.2-2761, or the Authority, pursuant to subdivision B 1 or 3 of \u00a7 2.2-2761.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15829,"edition_id":1,"name":"Virginia Business Ready Sites Acquisition Fund and Program","identifier":"27.2","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 04:00:15","date_modified":"2026-06-26 04:00:15","permalink":{"id":175711,"object_type":"structure","relational_id":15829,"identifier":"27.2","token":"2.2\/I\/D\/27.2","url":"\/2.2\/I\/D\/27.2\/","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":61078,"structure_id":15829,"section_number":"2.2-2760","catch_line":"Definitions","url":"\/2.2-2760\/","token":"2.2\/I\/D\/27.2\/2.2-2760","metadata":false},{"id":73377,"structure_id":15829,"section_number":"2.2-2761","catch_line":"Virginia Business Ready Sites Acquisition Program","url":"\/2.2-2761\/","token":"2.2\/I\/D\/27.2\/2.2-2761","metadata":false},{"id":74183,"structure_id":15829,"section_number":"2.2-2762","catch_line":"Virginia Business Ready Sites Acquisition Fund","url":"\/2.2-2762\/","token":"2.2\/I\/D\/27.2\/2.2-2762","metadata":false},{"id":84105,"structure_id":15829,"section_number":"2.2-2763","catch_line":"Objective of the Program","url":"\/2.2-2763\/","token":"2.2\/I\/D\/27.2\/2.2-2763","metadata":false},{"id":71857,"structure_id":15829,"section_number":"2.2-2764","catch_line":"Review by MEI Commission","url":"\/2.2-2764\/","token":"2.2\/I\/D\/27.2\/2.2-2764","metadata":false}],"previous_section":{"id":73377,"structure_id":15829,"section_number":"2.2-2761","catch_line":"Virginia Business Ready Sites Acquisition Program","url":"\/2.2-2761\/","token":"2.2\/I\/D\/27.2\/2.2-2761","metadata":false},"next_section":{"id":84105,"structure_id":15829,"section_number":"2.2-2763","catch_line":"Objective of the Program","url":"\/2.2-2763\/","token":"2.2\/I\/D\/27.2\/2.2-2763","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2762\/","history_text":"

This law was first created in 2023. The record of its establishment is cataloged in chapter 779<\/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":[{"id":61078,"section_number":"2.2-2760","catch_line":"Definitions","order_by":null,"url":"\/2.2-2760\/"}],"refers_to":[{"id":61078,"section_number":"2.2-2760","catch_line":"Definitions","order_by":null,"url":"\/2.2-2760\/"},{"id":73377,"section_number":"2.2-2761","catch_line":"Virginia Business Ready Sites Acquisition Program","order_by":null,"url":"\/2.2-2761\/"}],"permalink":{"id":175721,"object_type":"law","relational_id":74183,"identifier":"2.2-2762","token":"2.2\/I\/D\/27.2\/2.2-2762","url":"\/2.2-2762\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2762\/","token":"2.2\/I\/D\/27.2\/2.2-2762","dublin_core":{"Title":"Virginia Business Ready Sites Acquisition Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2762","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

There is hereby created in the state treasury a special nonreverting fund<\/span> to be known as the Virginia Business Ready Sites Acquisition Fund<\/span>, referred to in this section as “the Fund<\/span>.” The Fund<\/span> shall be established on the books of the Comptroller. All moneys appropriated by the General Assembly for the Fund<\/span>, and from any other sources, public or private, shall be paid into the state treasury and credited to the Fund<\/span>. Interest earned on moneys in the Fund<\/span> shall remain in the Fund<\/span> and be credited to it. Any moneys remaining in the Fund<\/span>, including interest thereon, at the end of each fiscal year shall not revert to the general fund<\/span> but shall remain in the Fund<\/span>. Moneys in the Fund<\/span> shall be used solely for the purposes of this chapter, which may include administrative costs for due diligence<\/span>, site acquisition activities<\/span>, or site development activities<\/span>, as those terms are defined in \u00a7 2.2-2760<\/a>. Expenditures and disbursements from the Fund<\/span> shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Director of the Department<\/span>, pursuant to subdivision B 2 of \u00a7 2.2-2761<\/a>, or the Authority<\/span>, pursuant to subdivision B 1 or 3 of \u00a7 2.2-2761<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nVIRGINIA BUSINESS READY SITES ACQUISITION FUND (\u00a7 2.2-2762)\n\nThere is hereby created in the state treasury a special nonreverting fund to be\nknown as the Virginia Business Ready Sites Acquisition Fund, referred to in this\nsection as “the Fund.” The Fund shall be established on the books of\nthe Comptroller. All moneys appropriated by the General Assembly for the Fund,\nand from any other sources, public or private, shall be paid into the state\ntreasury and credited to the Fund. Interest earned on moneys in the Fund shall\nremain in the Fund and be credited to it. Any moneys remaining in the Fund,\nincluding interest thereon, at the end of each fiscal year shall not revert to\nthe general fund but shall remain in the Fund. Moneys in the Fund shall be used\nsolely for the purposes of this chapter, which may include administrative costs\nfor due diligence, site acquisition activities, or site development activities,\nas those terms are defined in \u00a7 2.2-2760. Expenditures and disbursements from\nthe Fund shall be made by the State Treasurer on warrants issued by the\nComptroller upon written request signed by the Director of the Department,\npursuant to subdivision B 2 of \u00a7 2.2-2761, or the Authority, pursuant to\nsubdivision B 1 or 3 of \u00a7 2.2-2761.\n\nHISTORY: 2023, c. 779.","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}}