{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2763.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2763.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2763.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2763.html"}],"law_id":84105,"edition_id":1,"section_id":84105,"structure_id":15829,"section_number":"2.2-2763","catch_line":"Objective of the Program","history":"2023, c. 779.","full_text":"The objective of the Program shall be to identify and fill gaps in the Commonwealth’s current portfolio of industrial properties available for large-scale economic development projects in order to accelerate economic growth in all regions of the Commonwealth. In evaluating sites to acquire, option, develop, or market for purposes of the Program, the Authority shall consider (i) the potential of the site to fill a gap in the inventory of needed project-ready sites in the Commonwealth, (ii) the scope and cost of the work required to make the site project ready, (iii) the potential return on investment for the Commonwealth for the cost of acquiring and developing the site, and (iv) the type of industry or business for which the site would be suitable.","order_by":null,"text":{"0":{"id":301414,"text":"The objective of the Program shall be to identify and fill gaps in the Commonwealth’s current portfolio of industrial properties available for large-scale economic development projects in order to accelerate economic growth in all regions of the Commonwealth. In evaluating sites to acquire, option, develop, or market for purposes of the Program, the Authority shall consider (i) the potential of the site to fill a gap in the inventory of needed project-ready sites in the Commonwealth, (ii) the scope and cost of the work required to make the site project ready, (iii) the potential return on investment for the Commonwealth for the cost of acquiring and developing the site, and (iv) the type of industry or business for which the site would be suitable.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2763\/","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":73377,"section_number":"2.2-2761","catch_line":"Virginia Business Ready Sites Acquisition Program","order_by":null,"url":"\/2.2-2761\/"},{"id":71857,"section_number":"2.2-2764","catch_line":"Review by MEI Commission","order_by":null,"url":"\/2.2-2764\/"}],"refers_to":false,"permalink":{"id":175725,"object_type":"law","relational_id":84105,"identifier":"2.2-2763","token":"2.2\/I\/D\/27.2\/2.2-2763","url":"\/2.2-2763\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2763\/","token":"2.2\/I\/D\/27.2\/2.2-2763","dublin_core":{"Title":"Objective of the Program","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2763","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The objective of the Program<\/span> shall be to identify and fill gaps in the Commonwealth’s current portfolio of industrial properties available for large-scale economic development projects<\/span> in order<\/span> to accelerate economic growth in all regions<\/span> of the Commonwealth. In evaluating sites to acquire, option, develop, or market for purposes of the Program<\/span>, the Authority<\/span> shall consider (i) the potential of the site to fill a gap in the inventory of needed project-ready sites in the Commonwealth, (ii) the scope and cost of the work required to make the site project ready, (iii) the potential return on investment for the Commonwealth for the cost of acquiring and developing the site, and (iv) the type of industry or business for which the site would be suitable.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nOBJECTIVE OF THE PROGRAM (\u00a7 2.2-2763)\n\nThe objective of the Program shall be to identify and fill gaps in the\nCommonwealth’s current portfolio of industrial properties available for\nlarge-scale economic development projects in order to accelerate economic growth\nin all regions of the Commonwealth. In evaluating sites to acquire, option,\ndevelop, or market for purposes of the Program, the Authority shall consider (i)\nthe potential of the site to fill a gap in the inventory of needed project-ready\nsites in the Commonwealth, (ii) the scope and cost of the work required to make\nthe site project ready, (iii) the potential return on investment for the\nCommonwealth for the cost of acquiring and developing the site, and (iv) the\ntype of industry or business for which the site would be suitable.\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}}