{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-3245.11.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-3245.11.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-3245.11.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-3245.11.html"}],"law_id":60653,"edition_id":1,"section_id":60653,"structure_id":14125,"section_number":"58.1-3245.11","catch_line":"Dissolving the Local Enterprise Zone Development Fund","history":"1997, c. 314.","full_text":"The existence of a local enterprise zone shall terminate, and the Local Enterprise Zone Development Fund shall dissolve, upon the earliest to occur of (i) the passage by the governing body of an ordinance repealing the local enterprise zone taxation ordinance or (ii) the termination of designation of the area as an enterprise zone. When the Local Enterprise Zone Development Fund is dissolved, any revenue remaining in the Fund shall be paid into the general fund of the county, city, or town.\n\t\tUpon dissolving the Local Enterprise Zone Development Fund, the real estate or machinery and tools, or both, shall be assessed and taxes collected in the same manner as applicable in the year preceding the adoption of the local enterprise zone development taxation ordinance.","order_by":null,"text":{"0":{"id":221686,"text":"The existence of a local enterprise zone shall terminate, and the Local Enterprise Zone Development Fund shall dissolve, upon the earliest to occur of (i) the passage by the governing body of an ordinance repealing the local enterprise zone taxation ordinance or (ii) the termination of designation of the area as an enterprise zone. When the Local Enterprise Zone Development Fund is dissolved, any revenue remaining in the Fund shall be paid into the general fund of the county, city, or town.\n\t\tUpon dissolving the Local Enterprise Zone Development Fund, the real estate or machinery and tools, or both, shall be assessed and taxes collected in the same manner as applicable in the year preceding the adoption of the local enterprise zone development taxation ordinance.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14125,"edition_id":1,"name":"Local Enterprise Zone Development Taxation Program","identifier":"4.2","label":"article","depth":4,"order_by":1,"parent_id":12997,"metadata":{},"date_created":"2026-06-26 03:46:56","date_modified":"2026-06-26 03:46:56","permalink":{"id":257403,"object_type":"structure","relational_id":14125,"identifier":"4.2","token":"58.1\/III\/32\/4.2","url":"\/58.1\/III\/32\/4.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12997,"edition_id":1,"name":"Real Property Tax","identifier":"32","label":"chapter","depth":3,"order_by":1,"parent_id":12704,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":256887,"object_type":"structure","relational_id":12997,"identifier":"32","token":"58.1\/III\/32","url":"\/58.1\/III\/32\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12704,"edition_id":1,"name":"Local Taxes","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":256459,"object_type":"structure","relational_id":12704,"identifier":"III","token":"58.1\/III","url":"\/58.1\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85275,"structure_id":14125,"section_number":"58.1-3245.10","catch_line":"Use of funds deposited in the Local Enterprise Zone Development Fund","url":"\/58.1-3245.10\/","token":"58.1\/III\/32\/4.2\/58.1-3245.10","metadata":false},{"id":60653,"structure_id":14125,"section_number":"58.1-3245.11","catch_line":"Dissolving the Local Enterprise Zone Development Fund","url":"\/58.1-3245.11\/","token":"58.1\/III\/32\/4.2\/58.1-3245.11","metadata":false},{"id":82762,"structure_id":14125,"section_number":"58.1-3245.12","catch_line":"Local enterprise zone program for technology, defense, or green development zones","url":"\/58.1-3245.12\/","token":"58.1\/III\/32\/4.2\/58.1-3245.12","metadata":false},{"id":65687,"structure_id":14125,"section_number":"58.1-3245.6","catch_line":"Definitions","url":"\/58.1-3245.6\/","token":"58.1\/III\/32\/4.2\/58.1-3245.6","metadata":false},{"id":85056,"structure_id":14125,"section_number":"58.1-3245.7","catch_line":"Promotion of development of local enterprise zones","url":"\/58.1-3245.7\/","token":"58.1\/III\/32\/4.2\/58.1-3245.7","metadata":false},{"id":55261,"structure_id":14125,"section_number":"58.1-3245.8","catch_line":"Adoption of local enterprise zone development taxation program","url":"\/58.1-3245.8\/","token":"58.1\/III\/32\/4.2\/58.1-3245.8","metadata":false},{"id":86993,"structure_id":14125,"section_number":"58.1-3245.9","catch_line":"Copies of local enterprise zone development taxation ordinance to local assessing officer and treasurer or director of finance","url":"\/58.1-3245.9\/","token":"58.1\/III\/32\/4.2\/58.1-3245.9","metadata":false}],"previous_section":{"id":85275,"structure_id":14125,"section_number":"58.1-3245.10","catch_line":"Use of funds deposited in the Local Enterprise Zone Development Fund","url":"\/58.1-3245.10\/","token":"58.1\/III\/32\/4.2\/58.1-3245.10","metadata":false},"next_section":{"id":82762,"structure_id":14125,"section_number":"58.1-3245.12","catch_line":"Local enterprise zone program for technology, defense, or green development zones","url":"\/58.1-3245.12\/","token":"58.1\/III\/32\/4.2\/58.1-3245.12","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-3245.11\/","history_text":"<p>This law was first created in 1997. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0314\">314<\/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":false,"refers_to":false,"permalink":{"id":257409,"object_type":"law","relational_id":60653,"identifier":"58.1-3245.11","token":"58.1\/III\/32\/4.2\/58.1-3245.11","url":"\/58.1-3245.11\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-3245.11\/","token":"58.1\/III\/32\/4.2\/58.1-3245.11","dublin_core":{"Title":"Dissolving the Local Enterprise Zone Development Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-3245.11","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The existence of a <span class=\"dictionary\">local enterprise zone<\/span> shall terminate, and the <span class=\"dictionary\">Local Enterprise Zone<\/span> Development Fund shall dissolve, upon the earliest to occur of (i) the passage by the governing body of an <span class=\"dictionary\">ordinance<\/span> repealing the <span class=\"dictionary\">local enterprise zone<\/span> taxation <span class=\"dictionary\">ordinance<\/span> or (ii) the termination of designation of the area as an enterprise zone. When the <span class=\"dictionary\">Local Enterprise Zone<\/span> Development Fund is dissolved, any revenue remaining in the Fund shall be paid into the general fund of the county, city, or town.\n\t\tUpon dissolving the <span class=\"dictionary\">Local Enterprise Zone<\/span> Development Fund, the real estate or machinery and tools, or both, shall be assessed and taxes collected in the same manner as applicable in the year preceding the adoption of the <span class=\"dictionary\">local enterprise zone<\/span> development taxation <span class=\"dictionary\">ordinance<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDISSOLVING THE LOCAL ENTERPRISE ZONE DEVELOPMENT FUND (\u00a7 58.1-3245.11)\n\nThe existence of a local enterprise zone shall terminate, and the Local\nEnterprise Zone Development Fund shall dissolve, upon the earliest to occur of\n(i) the passage by the governing body of an ordinance repealing the local\nenterprise zone taxation ordinance or (ii) the termination of designation of the\narea as an enterprise zone. When the Local Enterprise Zone Development Fund is\ndissolved, any revenue remaining in the Fund shall be paid into the general fund\nof the county, city, or town.\n\t\tUpon dissolving the Local Enterprise Zone Development Fund, the real estate or\nmachinery and tools, or both, shall be assessed and taxes collected in the same\nmanner as applicable in the year preceding the adoption of the local enterprise\nzone development taxation ordinance.\n\nHISTORY: 1997, 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}}