{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/36-149.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/36-149.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/36-149.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/36-149.html"}],"law_id":69411,"edition_id":1,"section_id":69411,"structure_id":16156,"section_number":"36-149","catch_line":"Formation of corporation","history":"1988, c. 687; 2013, c. 754.","full_text":"For the purposes set forth in \u00a7\u00a7 36-141 through 36-148, the HDA may form a corporation to administer and manage the portion of the Fund under its control in accordance with the provisions thereof and to exercise and perform any or all of the powers and duties provided therein. Such corporation shall be under the control and supervision of the HDA. Such corporation shall have such of the powers and duties of the HDA set forth in the above referenced sections as HDA shall delegate to such corporation and such other powers and duties as shall be provided by the documents and instruments creating and governing the corporation and by applicable state law. The provisions of the above referenced sections authorizing or requiring the HDA to exercise any power or to perform any duty shall be deemed to authorize or require such corporation to exercise any such power or to perform any such duty as shall be delegated by the HDA to such corporation.","order_by":null,"text":{"0":{"id":251045,"text":"For the purposes set forth in \u00a7\u00a7 36-141 through 36-148, the HDA may form a corporation to administer and manage the portion of the Fund under its control in accordance with the provisions thereof and to exercise and perform any or all of the powers and duties provided therein. Such corporation shall be under the control and supervision of the HDA. Such corporation shall have such of the powers and duties of the HDA set forth in the above referenced sections as HDA shall delegate to such corporation and such other powers and duties as shall be provided by the documents and instruments creating and governing the corporation and by applicable state law. The provisions of the above referenced sections authorizing or requiring the HDA to exercise any power or to perform any duty shall be deemed to authorize or require such corporation to exercise any such power or to perform any such duty as shall be delegated by the HDA to such corporation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16156,"edition_id":1,"name":"Virginia Housing Trust Fund","identifier":"9","label":"chapter","depth":2,"order_by":1,"parent_id":12779,"metadata":{},"date_created":"2026-06-26 04:07:34","date_modified":"2026-06-26 04:07:34","permalink":{"id":209623,"object_type":"structure","relational_id":16156,"identifier":"9","token":"36\/9","url":"\/36\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12779,"edition_id":1,"name":"Housing","identifier":"36","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":208257,"object_type":"structure","relational_id":12779,"identifier":"36","token":"36","url":"\/36\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":84587,"structure_id":16156,"section_number":"36-141","catch_line":"Definitions","url":"\/36-141\/","token":"36\/9\/36-141","metadata":false},{"id":65302,"structure_id":16156,"section_number":"36-142","catch_line":"(Effective until January 1, 2026) Creation and management of Fund","url":"\/36-142\/","token":"36\/9\/36-142","metadata":false},{"id":64185,"structure_id":16156,"section_number":"36-143","catch_line":"Deposit of money; expenditures; investments","url":"\/36-143\/","token":"36\/9\/36-143","metadata":false},{"id":70705,"structure_id":16156,"section_number":"36-144","catch_line":"Annual audit","url":"\/36-144\/","token":"36\/9\/36-144","metadata":false},{"id":82811,"structure_id":16156,"section_number":"36-145","catch_line":"Collection of money due Fund","url":"\/36-145\/","token":"36\/9\/36-145","metadata":false},{"id":68749,"structure_id":16156,"section_number":"36-146","catch_line":"Loans","url":"\/36-146\/","token":"36\/9\/36-146","metadata":false},{"id":85588,"structure_id":16156,"section_number":"36-147","catch_line":"Grants","url":"\/36-147\/","token":"36\/9\/36-147","metadata":false},{"id":69760,"structure_id":16156,"section_number":"36-148","catch_line":"Pledge of assets to secure bonds of the HDA","url":"\/36-148\/","token":"36\/9\/36-148","metadata":false},{"id":69687,"structure_id":16156,"section_number":"36-148.1","catch_line":"Authorization of funding from HDA","url":"\/36-148.1\/","token":"36\/9\/36-148.1","metadata":false},{"id":69411,"structure_id":16156,"section_number":"36-149","catch_line":"Formation of corporation","url":"\/36-149\/","token":"36\/9\/36-149","metadata":false},{"id":72628,"structure_id":16156,"section_number":"36-150","catch_line":"(Effective January 1, 2026) Reports","url":"\/36-150\/","token":"36\/9\/36-150","metadata":false},{"id":80459,"structure_id":16156,"section_number":"36-151","catch_line":"Liberal construction of chapter","url":"\/36-151\/","token":"36\/9\/36-151","metadata":false}],"previous_section":{"id":69687,"structure_id":16156,"section_number":"36-148.1","catch_line":"Authorization of funding from HDA","url":"\/36-148.1\/","token":"36\/9\/36-148.1","metadata":false},"next_section":{"id":72628,"structure_id":16156,"section_number":"36-150","catch_line":"(Effective January 1, 2026) Reports","url":"\/36-150\/","token":"36\/9\/36-150","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/36-149\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 687 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 1988 \u201cActs\u201d aren\u2019t available online. 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 2013, chapter 754<\/a>.<\/p>","references":false,"refers_to":[{"id":84587,"section_number":"36-141","catch_line":"Definitions","order_by":null,"url":"\/36-141\/"},{"id":69760,"section_number":"36-148","catch_line":"Pledge of assets to secure bonds of the HDA","order_by":null,"url":"\/36-148\/"}],"permalink":{"id":209661,"object_type":"law","relational_id":69411,"identifier":"36-149","token":"36\/9\/36-149","url":"\/36-149\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/36-149\/","token":"36\/9\/36-149","dublin_core":{"Title":"Formation of corporation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 36-149","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

For the purposes set forth in \u00a7\u00a7 36-141<\/a> through 36-148<\/a>, the HDA<\/span> may form a corporation to administer and manage the portion of the Fund<\/span> under its control in accordance with the provisions thereof and to exercise and perform any or all of the powers and duties provided therein. Such corporation shall be under the control and supervision of the HDA<\/span>. Such corporation shall have such of the powers and duties of the HDA<\/span> set forth in the above referenced sections as HDA<\/span> shall delegate to such corporation and such other powers and duties as shall be provided by the documents and instruments creating and governing the corporation and by applicable state law<\/span>. The provisions of the above referenced sections authorizing or requiring the HDA<\/span> to exercise any power or to perform any duty shall be deemed to authorize or require such corporation to exercise any such power or to perform any such duty as shall be delegated by the HDA<\/span> to such corporation.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFORMATION OF CORPORATION (\u00a7 36-149)\n\nFor the purposes set forth in \u00a7\u00a7 36-141 through 36-148, the HDA may form a\ncorporation to administer and manage the portion of the Fund under its control\nin accordance with the provisions thereof and to exercise and perform any or all\nof the powers and duties provided therein. Such corporation shall be under the\ncontrol and supervision of the HDA. Such corporation shall have such of the\npowers and duties of the HDA set forth in the above referenced sections as HDA\nshall delegate to such corporation and such other powers and duties as shall be\nprovided by the documents and instruments creating and governing the corporation\nand by applicable state law. The provisions of the above referenced sections\nauthorizing or requiring the HDA to exercise any power or to perform any duty\nshall be deemed to authorize or require such corporation to exercise any such\npower or to perform any such duty as shall be delegated by the HDA to such\ncorporation.\n\nHISTORY: 1988, c. 687; 2013, c. 754.","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}}