{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/3.2-3112.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/3.2-3112.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/3.2-3112.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/3.2-3112.html"}],"law_id":83812,"edition_id":1,"section_id":83812,"structure_id":16462,"section_number":"3.2-3112","catch_line":"Definitions","history":"2015, cc. 399, 433; 2017, c. 254.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia Resources Authority created in Chapter 21 (\u00a7 62.1-197 et seq.) of Title 62.1.\n\t\t“Commission” means the Tobacco Region Revitalization Commission created pursuant to \u00a7 3.2-3101.\n\t\t“Cost,” as applied to any project financed under the provisions of this chapter, means the total of all costs incurred by the local government as reasonable and necessary for carrying out all works and undertakings necessary or incident to the accomplishment of any project. It includes, without limitation, all necessary developmental, planning, and feasibility studies, surveys, plans, and specifications; architectural, engineering, financial, legal, or other special services; the cost of acquisition of land and any buildings and improvements thereon, including the discharge of any obligations of the sellers of such land, buildings, or improvements; site preparation and development, including demolition or removal of existing structures; construction and reconstruction; labor; materials, machinery, and equipment; the reasonable costs of financing incurred by the local government in the course of the development of the project; carrying charges incurred before the project is placed in service; interest on funds borrowed to finance the project to a date subsequent to the estimated date the project is to be placed in service; necessary expenses incurred in connection with placing the project in service; the funding of accounts and reserves that the Authority may require; and the cost of other items that the Authority determines to be reasonable and necessary.\n\t\t“Endowment” means the Tobacco Indemnification and Community Revitalization Endowment as established in \u00a7 3.2-3104.\n\t\t“Equity” means any contribution to a project other than debt financing, including a federal, state, or local grant, except that the grant shall not be a Commission grant.\n\t\t“Fund” means the Virginia Tobacco Region Revolving Fund created by this chapter.\n\t\t“Local government” means any county, city, town, municipal corporation, authority, district, commission, or political subdivision created by the General Assembly or pursuant to the Constitution of Virginia or laws of the Commonwealth, or any combination of any two or more of the foregoing, located in any of the tobacco-dependent communities in the Southside and Southwest regions of Virginia.\n\t\t“Project” means the same as that term is defined in \u00a7 62.1-199 and any other proposal recommended for evaluation and disbursement by the Commission and credit approved by the Authority, subject to such conditions and policies as agreed to by the Commission and the Authority. Projects other than those defined in \u00a7 62.1-199 shall be eligible to borrow from the Fund only in the event that other funding for the project equal to 25 percent of the total cost of the project is available through equity.","order_by":null,"text":{"0":{"id":300407,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia Resources Authority created in Chapter 21 (\u00a7 62.1-197 et seq.) of Title 62.1.\n\t\t“Commission” means the Tobacco Region Revitalization Commission created pursuant to \u00a7 3.2-3101.\n\t\t“Cost,” as applied to any project financed under the provisions of this chapter, means the total of all costs incurred by the local government as reasonable and necessary for carrying out all works and undertakings necessary or incident to the accomplishment of any project. It includes, without limitation, all necessary developmental, planning, and feasibility studies, surveys, plans, and specifications; architectural, engineering, financial, legal, or other special services; the cost of acquisition of land and any buildings and improvements thereon, including the discharge of any obligations of the sellers of such land, buildings, or improvements; site preparation and development, including demolition or removal of existing structures; construction and reconstruction; labor; materials, machinery, and equipment; the reasonable costs of financing incurred by the local government in the course of the development of the project; carrying charges incurred before the project is placed in service; interest on funds borrowed to finance the project to a date subsequent to the estimated date the project is to be placed in service; necessary expenses incurred in connection with placing the project in service; the funding of accounts and reserves that the Authority may require; and the cost of other items that the Authority determines to be reasonable and necessary.\n\t\t“Endowment” means the Tobacco Indemnification and Community Revitalization Endowment as established in \u00a7 3.2-3104.\n\t\t“Equity” means any contribution to a project other than debt financing, including a federal, state, or local grant, except that the grant shall not be a Commission grant.\n\t\t“Fund” means the Virginia Tobacco Region Revolving Fund created by this chapter.\n\t\t“Local government” means any county, city, town, municipal corporation, authority, district, commission, or political subdivision created by the General Assembly or pursuant to the Constitution of Virginia or laws of the Commonwealth, or any combination of any two or more of the foregoing, located in any of the tobacco-dependent communities in the Southside and Southwest regions of Virginia.\n\t\t“Project” means the same as that term is defined in \u00a7 62.1-199 and any other proposal recommended for evaluation and disbursement by the Commission and credit approved by the Authority, subject to such conditions and policies as agreed to by the Commission and the Authority. Projects other than those defined in \u00a7 62.1-199 shall be eligible to borrow from the Fund only in the event that other funding for the project equal to 25 percent of the total cost of the project is available through equity.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16462,"edition_id":1,"name":"Virginia Tobacco Region Revolving Fund","identifier":"31.1","label":"chapter","depth":4,"order_by":1,"parent_id":15735,"metadata":{},"date_created":"2026-06-26 04:19:20","date_modified":"2026-06-26 04:19:20","permalink":{"id":195401,"object_type":"structure","relational_id":16462,"identifier":"31.1","token":"3.2\/II\/D\/31.1","url":"\/3.2\/II\/D\/31.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":15735,"edition_id":1,"name":"Tobacco Region Revitalization Commission and Virginia Tobacco Region Revolving Fund","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12794,"metadata":{},"date_created":"2026-06-26 03:58:43","date_modified":"2026-06-26 03:58:43","permalink":{"id":195349,"object_type":"structure","relational_id":15735,"identifier":"D","token":"3.2\/II\/D","url":"\/3.2\/II\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12794,"edition_id":1,"name":"Boards, Councils, Foundations, and Commissions","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12793,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":194359,"object_type":"structure","relational_id":12794,"identifier":"II","token":"3.2\/II","url":"\/3.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12793,"edition_id":1,"name":"Agriculture, Animal Care, and Food","identifier":"3.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":193939,"object_type":"structure","relational_id":12793,"identifier":"3.2","token":"3.2","url":"\/3.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83812,"structure_id":16462,"section_number":"3.2-3112","catch_line":"Definitions","url":"\/3.2-3112\/","token":"3.2\/II\/D\/31.1\/3.2-3112","metadata":false},{"id":86571,"structure_id":16462,"section_number":"3.2-3113","catch_line":"Creation and management of Virginia Tobacco Region Revolving Fund","url":"\/3.2-3113\/","token":"3.2\/II\/D\/31.1\/3.2-3113","metadata":false},{"id":74657,"structure_id":16462,"section_number":"3.2-3114","catch_line":"Deposit of money; expenditures; investments","url":"\/3.2-3114\/","token":"3.2\/II\/D\/31.1\/3.2-3114","metadata":false},{"id":80558,"structure_id":16462,"section_number":"3.2-3115","catch_line":"Collection of money due the Fund","url":"\/3.2-3115\/","token":"3.2\/II\/D\/31.1\/3.2-3115","metadata":false},{"id":86690,"structure_id":16462,"section_number":"3.2-3116","catch_line":"Loans to local governments","url":"\/3.2-3116\/","token":"3.2\/II\/D\/31.1\/3.2-3116","metadata":false},{"id":80920,"structure_id":16462,"section_number":"3.2-3117","catch_line":"Pledge of loans to secure bonds of the Authority","url":"\/3.2-3117\/","token":"3.2\/II\/D\/31.1\/3.2-3117","metadata":false},{"id":75156,"structure_id":16462,"section_number":"3.2-3118","catch_line":"Sale of loans","url":"\/3.2-3118\/","token":"3.2\/II\/D\/31.1\/3.2-3118","metadata":false},{"id":69065,"structure_id":16462,"section_number":"3.2-3119","catch_line":"Powers of the Authority","url":"\/3.2-3119\/","token":"3.2\/II\/D\/31.1\/3.2-3119","metadata":false},{"id":71825,"structure_id":16462,"section_number":"3.2-3120","catch_line":"Report to the General Assembly and the Governor","url":"\/3.2-3120\/","token":"3.2\/II\/D\/31.1\/3.2-3120","metadata":false},{"id":86665,"structure_id":16462,"section_number":"3.2-3121","catch_line":"Liberal construction of chapter","url":"\/3.2-3121\/","token":"3.2\/II\/D\/31.1\/3.2-3121","metadata":false}],"next_section":{"id":86571,"structure_id":16462,"section_number":"3.2-3113","catch_line":"Creation and management of Virginia Tobacco Region Revolving Fund","url":"\/3.2-3113\/","token":"3.2\/II\/D\/31.1\/3.2-3113","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/3.2-3112\/","history_text":"

This law was first created in 2015. The record of its establishment is cataloged in chapters 399<\/a> and 433<\/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 2017, chapter 254<\/a>.<\/p>","references":[{"id":70755,"section_number":"3.2-3103","catch_line":"Powers and duties of the Tobacco Region Revitalization Commission","order_by":null,"url":"\/3.2-3103\/"}],"refers_to":[{"id":84781,"section_number":"3.2-3101","catch_line":"Tobacco Region Revitalization Commission created; purposes","order_by":null,"url":"\/3.2-3101\/"},{"id":69642,"section_number":"3.2-3104","catch_line":"Tobacco Indemnification and Community Revitalization Endowment","order_by":null,"url":"\/3.2-3104\/"},{"id":85141,"section_number":"62.1-197","catch_line":"Short title","order_by":null,"url":"\/62.1-197\/"},{"id":80022,"section_number":"62.1-199","catch_line":"Definitions","order_by":null,"url":"\/62.1-199\/"}],"permalink":{"id":195403,"object_type":"law","relational_id":83812,"identifier":"3.2-3112","token":"3.2\/II\/D\/31.1\/3.2-3112","url":"\/3.2-3112\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/3.2-3112\/","token":"3.2\/II\/D\/31.1\/3.2-3112","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 3.2-3112","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Authority<\/span>” means the Virginia Resources Authority<\/span> created in Chapter 21 (\u00a7 62.1-197<\/a> et seq.) of Title 62.1.\n\t\t“Commission<\/span>” means the Tobacco Region Revitalization Commission<\/span> created pursuant to \u00a7 3.2-3101<\/a>.\n\t\t“Cost,” as applied to any project<\/span> financed under the provisions of this chapter, means the total of all costs incurred by the local government<\/span> as reasonable and necessary for carrying out all works and undertakings necessary or incident to the accomplishment of any project<\/span>. It includes, without limitation, all necessary developmental, planning, and feasibility studies, surveys, plans, and specifications; architectural, engineering, financial, legal, or other special services; the cost of acquisition of land and any buildings and improvements thereon, including the discharge of any obligations of the sellers of such land, buildings, or improvements; site preparation and development, including demolition or removal of existing structures; construction and reconstruction; labor; materials<\/span>, machinery, and equipment; the reasonable costs of financing incurred by the local government<\/span> in the course of the development of the project<\/span>; carrying charges incurred before the project<\/span> is placed in service; interest on funds<\/span> borrowed to finance the project<\/span> to a date subsequent to the estimated date the project<\/span> is to be placed in service; necessary expenses incurred in connection with placing the project<\/span> in service; the funding of accounts and reserves that the Authority<\/span> may require; and the cost of other items that the Authority<\/span> determines to be reasonable and necessary.\n\t\t“Endowment<\/span>” means the Tobacco Indemnification and Community Revitalization Endowment<\/span> as established in \u00a7 3.2-3104<\/a>.\n\t\t“Equity<\/span>” means any contribution to a project<\/span> other than debt financing, including a federal, state, or local grant, except that the grant shall not be a Commission<\/span> grant.\n\t\t“Fund<\/span>” means the Virginia Tobacco Region Revolving Fund<\/span> created by this chapter.\n\t\t“Local government<\/span>” means any county, city, town, municipal corporation, authority<\/span>, district, commission<\/span>, or political subdivision created by the General Assembly or pursuant to the Constitution of Virginia or laws<\/span> of the Commonwealth, or any combination of any two or more of the foregoing, located in any of the tobacco-dependent communities in the Southside and Southwest regions of Virginia.\n\t\t“Project<\/span>” means the same as that term is defined in \u00a7 62.1-199<\/a> and any other proposal recommended for evaluation and disbursement by the Commission<\/span> and credit approved by the Authority<\/span>, subject to such conditions and policies as agreed to by the Commission<\/span> and the Authority<\/span>. Projects<\/span> other than those defined in \u00a7 62.1-199<\/a> shall be eligible to borrow from the Fund<\/span> only in the event that other funding for the project<\/span> equal to 25 percent of the total cost of the project<\/span> is available through equity<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 3.2-3112)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia Resources Authority created in\nChapter 21 (\u00a7 62.1-197 et seq.) of Title 62.1.\n\t\t“Commission” means the Tobacco Region Revitalization Commission\ncreated pursuant to \u00a7 3.2-3101.\n\t\t“Cost,” as applied to any project financed under the provisions of\nthis chapter, means the total of all costs incurred by the local government as\nreasonable and necessary for carrying out all works and undertakings necessary\nor incident to the accomplishment of any project. It includes, without\nlimitation, all necessary developmental, planning, and feasibility studies,\nsurveys, plans, and specifications; architectural, engineering, financial,\nlegal, or other special services; the cost of acquisition of land and any\nbuildings and improvements thereon, including the discharge of any obligations\nof the sellers of such land, buildings, or improvements; site preparation and\ndevelopment, including demolition or removal of existing structures;\nconstruction and reconstruction; labor; materials, machinery, and equipment; the\nreasonable costs of financing incurred by the local government in the course of\nthe development of the project; carrying charges incurred before the project is\nplaced in service; interest on funds borrowed to finance the project to a date\nsubsequent to the estimated date the project is to be placed in service;\nnecessary expenses incurred in connection with placing the project in service;\nthe funding of accounts and reserves that the Authority may require; and the\ncost of other items that the Authority determines to be reasonable and\nnecessary.\n\t\t“Endowment” means the Tobacco Indemnification and Community\nRevitalization Endowment as established in \u00a7 3.2-3104.\n\t\t“Equity” means any contribution to a project other than debt\nfinancing, including a federal, state, or local grant, except that the grant\nshall not be a Commission grant.\n\t\t“Fund” means the Virginia Tobacco Region Revolving Fund created by\nthis chapter.\n\t\t“Local government” means any county, city, town, municipal\ncorporation, authority, district, commission, or political subdivision created\nby the General Assembly or pursuant to the Constitution of Virginia or laws of\nthe Commonwealth, or any combination of any two or more of the foregoing,\nlocated in any of the tobacco-dependent communities in the Southside and\nSouthwest regions of Virginia.\n\t\t“Project” means the same as that term is defined in \u00a7 62.1-199\nand any other proposal recommended for evaluation and disbursement by the\nCommission and credit approved by the Authority, subject to such conditions and\npolicies as agreed to by the Commission and the Authority. Projects other than\nthose defined in \u00a7 62.1-199 shall be eligible to borrow from the Fund only in\nthe event that other funding for the project equal to 25 percent of the total\ncost of the project is available through equity.\n\nHISTORY: 2015, cc. 399, 433; 2017, c. 254.","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}}