{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-1225.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-1225.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-1225.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-1225.html"}],"law_id":76829,"edition_id":1,"section_id":76829,"structure_id":14346,"section_number":"23.1-1225","catch_line":"Powers; acquisition of property","history":"1972, c. 686, \u00a7 23-30.44; 2016, c. 588; 2017, c. 314.","full_text":"The Authority may, directly or through a participating institution as its agent, acquire by (i) purchase solely from funds provided under the provisions of this article, (ii) gift, or (iii) devise, such lands, structures, property, real or personal, rights, rights-of-way, air rights, franchises, easements, and other interests in lands, including lands lying under water and riparian rights, that are located within the Commonwealth as it may deem necessary or convenient for the acquisition, construction, or operation of a project, upon such terms and at such prices as it deems reasonable and can be agreed upon between it and the owner of the property and take title to the property in the name of the Authority or any participating institution as its agent.","order_by":null,"text":{"0":{"id":275835,"text":"The Authority may, directly or through a participating institution as its agent, acquire by (i) purchase solely from funds provided under the provisions of this article, (ii) gift, or (iii) devise, such lands, structures, property, real or personal, rights, rights-of-way, air rights, franchises, easements, and other interests in lands, including lands lying under water and riparian rights, that are located within the Commonwealth as it may deem necessary or convenient for the acquisition, construction, or operation of a project, upon such terms and at such prices as it deems reasonable and can be agreed upon between it and the owner of the property and take title to the property in the name of the Authority or any participating institution as its agent.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14346,"edition_id":1,"name":"Nonprofit Private Institutions of Higher Education; Projects","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":14345,"metadata":{},"date_created":"2026-06-26 03:47:49","date_modified":"2026-06-26 03:47:49","permalink":{"id":185819,"object_type":"structure","relational_id":14346,"identifier":"2","token":"23.1\/III\/12\/2","url":"\/23.1\/III\/12\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14345,"edition_id":1,"name":"Virginia College Building Authority","identifier":"12","label":"chapter","depth":3,"order_by":1,"parent_id":14060,"metadata":{},"date_created":"2026-06-26 03:47:49","date_modified":"2026-06-26 03:47:49","permalink":{"id":185735,"object_type":"structure","relational_id":14345,"identifier":"12","token":"23.1\/III\/12","url":"\/23.1\/III\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14060,"edition_id":1,"name":"Management and Financing","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:46:44","date_modified":"2026-06-26 03:46:44","permalink":{"id":185513,"object_type":"structure","relational_id":14060,"identifier":"III","token":"23.1\/III","url":"\/23.1\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; 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conveyance of title to projects","url":"\/23.1-1224\/","token":"23.1\/III\/12\/2\/23.1-1224","metadata":false},{"id":76829,"structure_id":14346,"section_number":"23.1-1225","catch_line":"Powers; acquisition of property","url":"\/23.1-1225\/","token":"23.1\/III\/12\/2\/23.1-1225","metadata":false},{"id":84223,"structure_id":14346,"section_number":"23.1-1226","catch_line":"Powers; issuance of negotiable notes","url":"\/23.1-1226\/","token":"23.1\/III\/12\/2\/23.1-1226","metadata":false},{"id":59092,"structure_id":14346,"section_number":"23.1-1227","catch_line":"Powers; issuance of revenue bonds","url":"\/23.1-1227\/","token":"23.1\/III\/12\/2\/23.1-1227","metadata":false},{"id":60865,"structure_id":14346,"section_number":"23.1-1228","catch_line":"Powers; security for revenue bonds","url":"\/23.1-1228\/","token":"23.1\/III\/12\/2\/23.1-1228","metadata":false},{"id":61490,"structure_id":14346,"section_number":"23.1-1229","catch_line":"Powers and duties; rates, rents, fees and charges; sinking fund","url":"\/23.1-1229\/","token":"23.1\/III\/12\/2\/23.1-1229","metadata":false},{"id":70880,"structure_id":14346,"section_number":"23.1-1230","catch_line":"Powers; 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conveyance of title to projects","url":"\/23.1-1224\/","token":"23.1\/III\/12\/2\/23.1-1224","metadata":false},"next_section":{"id":84223,"structure_id":14346,"section_number":"23.1-1226","catch_line":"Powers; issuance of negotiable notes","url":"\/23.1-1226\/","token":"23.1\/III\/12\/2\/23.1-1226","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-1225\/","history_text":"

This law was first created in 1972. The record of its establishment is cataloged in chapter 686 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. Unfortunately, the 1972 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. 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. Those modifications are as follows: in 2016, chapter 588<\/a>; in 2017, chapter 314<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":185841,"object_type":"law","relational_id":76829,"identifier":"23.1-1225","token":"23.1\/III\/12\/2\/23.1-1225","url":"\/23.1-1225\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-1225\/","token":"23.1\/III\/12\/2\/23.1-1225","dublin_core":{"Title":"Powers; acquisition of property","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-1225","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> may, directly or through a participating institution<\/span> as its agent, acquire by (i) purchase solely from funds provided under the provisions of this article, (ii) gift, or (iii) devise, such lands, structures, property, real or personal, rights, rights-of-way, air rights, franchises, easements, and other interests in lands, including lands lying under water and riparian rights, that are located within the Commonwealth as it may deem necessary or convenient for the acquisition, construction, or operation of a project<\/span>, upon such terms and at such prices as it deems reasonable and can be agreed upon between it and the owner of the property and take title to the property in the name of the Authority<\/span> or any participating institution<\/span> as its agent.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWERS; ACQUISITION OF PROPERTY (\u00a7 23.1-1225)\n\nThe Authority may, directly or through a participating institution as its agent,\nacquire by (i) purchase solely from funds provided under the provisions of this\narticle, (ii) gift, or (iii) devise, such lands, structures, property, real or\npersonal, rights, rights-of-way, air rights, franchises, easements, and other\ninterests in lands, including lands lying under water and riparian rights, that\nare located within the Commonwealth as it may deem necessary or convenient for\nthe acquisition, construction, or operation of a project, upon such terms and at\nsuch prices as it deems reasonable and can be agreed upon between it and the\nowner of the property and take title to the property in the name of the\nAuthority or any participating institution as its agent.\n\nHISTORY: 1972, c. 686, \u00a7 23-30.44; 2016, c. 588; 2017, c. 314.","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}}