{"law_id":"776538","section_number":"15.2-6319","catch_line":"Dissolution of authority","history":"1996, c. 740, \u00a7 15.1-1339.1; 1997, c. 587; 2005, cc. 869, 887; 2011, cc. 126, 178; 2014, c. 640.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/15.2-6319\/","refers_to":false,"url":"\/15.2-6319\/","token":"15.2\/IV\/63\/15.2-6319","structure":{"1":{"id":"601","name":"Authorities For Development Of Former Federal Areas","identifier":"63","label":"chapter","url":"\/15.2\/IV\/63\/"},"2":{"id":"47","name":"Other Governmental Entities","identifier":"IV","label":"subtitle","url":"\/15.2\/IV\/"},"3":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"776538","structure_id":"601","full_text":"Whenever the commission of the authority by resolution determines that the purposes for which the authority was formed have been substantially complied with and all bonds issued and all obligations incurred by the authority have been fully paid, the commission shall execute and file for record with the governing body or bodies of the locality in which the authority was created, a resolution declaring such facts. If the governing bodies are of the opinion that the facts stated in the authority’s resolution are true and the authority should be dissolved, they shall so resolve; however, in the case of an authority created by proclamation of the Governor pursuant to \u00a7 15.2-6302, the authority shall not be dissolved unless or until the Governor, upon determination that such dissolution is appropriate or upon receipt of a duly certified resolution of each governing body of each locality within the area of operation of the authority requesting dissolution, shall proclaim that the authority is dissolved. Any such authority for which such a proclamation was issued shall be dissolved as of the date on which the proclamation was issued. Upon dissolution, the title to all funds and properties owned by the authority at the time of such dissolution shall vest, (i) in the case of authorities created by proclamation of the Governor, in the localities in the area of operation or to not-for-profit agencies, public or private, as may be designated by the localities, or (ii) in the case of authorities created by the City of Hampton pursuant to \u00a7 15.2-6302, in such locality or to not-for-profit agencies, public or private, as may be designated by such locality.","text":{"0":{"id":"2503888","text":"Whenever the commission of the authority by resolution determines that the purposes for which the authority was formed have been substantially complied with and all bonds issued and all obligations incurred by the authority have been fully paid, the commission shall execute and file for record with the governing body or bodies of the locality in which the authority was created, a resolution declaring such facts. If the governing bodies are of the opinion that the facts stated in the authority’s resolution are true and the authority should be dissolved, they shall so resolve; however, in the case of an authority created by proclamation of the Governor pursuant to \u00a7 15.2-6302, the authority shall not be dissolved unless or until the Governor, upon determination that such dissolution is appropriate or upon receipt of a duly certified resolution of each governing body of each locality within the area of operation of the authority requesting dissolution, shall proclaim that the authority is dissolved. Any such authority for which such a proclamation was issued shall be dissolved as of the date on which the proclamation was issued. Upon dissolution, the title to all funds and properties owned by the authority at the time of such dissolution shall vest, (i) in the case of authorities created by proclamation of the Governor, in the localities in the area of operation or to not-for-profit agencies, public or private, as may be designated by the localities, or (ii) in the case of authorities created by the City of Hampton pursuant to \u00a7 15.2-6302, in such locality or to not-for-profit agencies, public or private, as may be designated by such locality.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"601","name":"Authorities For Development Of Former Federal Areas","identifier":"63","label":"chapter","url":"\/15.2\/IV\/63\/"},"2":{"id":"47","name":"Other Governmental Entities","identifier":"IV","label":"subtitle","url":"\/15.2\/IV\/"},"3":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"structure_contents":{"0":{"id":"774473","structure_id":"601","section_number":"15.2-6300","catch_line":"Declaration of policy for authorities created by the Governor","url":"\/15.2-6300\/","token":"15.2\/IV\/63\/15.2-6300"},"1":{"id":"782123","structure_id":"601","section_number":"15.2-6300.1","catch_line":"Declaration of policy for authorities created by a locality","url":"\/15.2-6300.1\/","token":"15.2\/IV\/63\/15.2-6300.1"},"2":{"id":"789466","structure_id":"601","section_number":"15.2-6301","catch_line":"Definitions","url":"\/15.2-6301\/","token":"15.2\/IV\/63\/15.2-6301"},"3":{"id":"766426","structure_id":"601","section_number":"15.2-6303","catch_line":"Authorities to file annual reports","url":"\/15.2-6303\/","token":"15.2\/IV\/63\/15.2-6303"},"4":{"id":"780210","structure_id":"601","section_number":"15.2-6304","catch_line":"Board of commissioners; appointment of director, agents and employees","url":"\/15.2-6304\/","token":"15.2\/IV\/63\/15.2-6304"},"5":{"id":"782769","structure_id":"601","section_number":"15.2-6304.1","catch_line":"Repealed","url":"\/15.2-6304.1\/","token":"15.2\/IV\/63\/15.2-6304.1"},"6":{"id":"774663","structure_id":"601","section_number":"15.2-6305","catch_line":"Powers and duties of director","url":"\/15.2-6305\/","token":"15.2\/IV\/63\/15.2-6305"},"7":{"id":"774736","structure_id":"601","section_number":"15.2-6306","catch_line":"Principal and branch offices","url":"\/15.2-6306\/","token":"15.2\/IV\/63\/15.2-6306"},"8":{"id":"778063","structure_id":"601","section_number":"15.2-6307","catch_line":"Legal services","url":"\/15.2-6307\/","token":"15.2\/IV\/63\/15.2-6307"},"9":{"id":"765400","structure_id":"601","section_number":"15.2-6308","catch_line":"Powers of authorities generally","url":"\/15.2-6308\/","token":"15.2\/IV\/63\/15.2-6308"},"10":{"id":"783097","structure_id":"601","section_number":"15.2-6308.1","catch_line":"Approval of Governor required","url":"\/15.2-6308.1\/","token":"15.2\/IV\/63\/15.2-6308.1"},"11":{"id":"767325","structure_id":"601","section_number":"15.2-6309","catch_line":"Two or more authorities may join or cooperate in exercising powers","url":"\/15.2-6309\/","token":"15.2\/IV\/63\/15.2-6309"},"12":{"id":"792391","structure_id":"601","section_number":"15.2-6310","catch_line":"Payments to Commonwealth or political subdivisions thereof","url":"\/15.2-6310\/","token":"15.2\/IV\/63\/15.2-6310"},"13":{"id":"770247","structure_id":"601","section_number":"15.2-6311","catch_line":"Authorities may borrow money, accept contributions, etc","url":"\/15.2-6311\/","token":"15.2\/IV\/63\/15.2-6311"},"14":{"id":"768114","structure_id":"601","section_number":"15.2-6312","catch_line":"Authorities empowered to issue bonds; additional security; liability thereon","url":"\/15.2-6312\/","token":"15.2\/IV\/63\/15.2-6312"},"15":{"id":"788323","structure_id":"601","section_number":"15.2-6313","catch_line":"Bonds to be authorized by resolution of board; terms; sale; negotiability; validity","url":"\/15.2-6313\/","token":"15.2\/IV\/63\/15.2-6313"},"16":{"id":"783656","structure_id":"601","section_number":"15.2-6314","catch_line":"Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth","url":"\/15.2-6314\/","token":"15.2\/IV\/63\/15.2-6314"},"17":{"id":"772446","structure_id":"601","section_number":"15.2-6314.1","catch_line":"Applicability of the Virginia Personnel Act and the Virginia Public Procurement Act","url":"\/15.2-6314.1\/","token":"15.2\/IV\/63\/15.2-6314.1"},"18":{"id":"773604","structure_id":"601","section_number":"15.2-6315","catch_line":"Provisions for securing payment of bonds","url":"\/15.2-6315\/","token":"15.2\/IV\/63\/15.2-6315"},"19":{"id":"791408","structure_id":"601","section_number":"15.2-6316","catch_line":"Rights and remedies of obligees","url":"\/15.2-6316\/","token":"15.2\/IV\/63\/15.2-6316"},"20":{"id":"785336","structure_id":"601","section_number":"15.2-6317","catch_line":"Rents, fees and charges; disposition of revenues","url":"\/15.2-6317\/","token":"15.2\/IV\/63\/15.2-6317"},"21":{"id":"776817","structure_id":"601","section_number":"15.2-6318","catch_line":"Investment in bonds issued by authorities","url":"\/15.2-6318\/","token":"15.2\/IV\/63\/15.2-6318"},"22":{"id":"776538","structure_id":"601","section_number":"15.2-6319","catch_line":"Dissolution of authority","url":"\/15.2-6319\/","token":"15.2\/IV\/63\/15.2-6319"},"23":{"id":"790306","structure_id":"601","section_number":"15.2-6320","catch_line":"Powers conferred additional and supplemental; liberal construction","url":"\/15.2-6320\/","token":"15.2\/IV\/63\/15.2-6320"},"24":{"id":"796385","structure_id":"601","section_number":"15.2-6321","catch_line":"Chapter controlling over inconsistent laws","url":"\/15.2-6321\/","token":"15.2\/IV\/63\/15.2-6321"},"25":{"id":"767073","structure_id":"601","section_number":"15.2-6322","catch_line":"Sovereign immunity","url":"\/15.2-6322\/","token":"15.2\/IV\/63\/15.2-6322"}},"previous_section":{"id":"776817","structure_id":"601","section_number":"15.2-6318","catch_line":"Investment in bonds issued by authorities","url":"\/15.2-6318\/","token":"15.2\/IV\/63\/15.2-6318"},"next_section":{"id":"790306","structure_id":"601","section_number":"15.2-6320","catch_line":"Powers conferred additional and supplemental; liberal construction","url":"\/15.2-6320\/","token":"15.2\/IV\/63\/15.2-6320"},"references":false,"formats":{"txt":"\/15.2-6319.txt","json":"\/15.2-6319.json","xml":"\/15.2-6319.xml"},"dublin_core":{"Title":"Dissolution of authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6319","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nDISSOLUTION OF AUTHORITY (\u00a7 15.2-6319)\n\nWhenever the commission of the authority by resolution determines that the\npurposes for which the authority was formed have been substantially complied\nwith and all bonds issued and all obligations incurred by the authority have\nbeen fully paid, the commission shall execute and file for record with the\ngoverning body or bodies of the locality in which the authority was created, a\nresolution declaring such facts. If the governing bodies are of the opinion that\nthe facts stated in the authority’s resolution are true and the authority\nshould be dissolved, they shall so resolve; however, in the case of an authority\ncreated by proclamation of the Governor pursuant to \u00a7 15.2-6302, the authority\nshall not be dissolved unless or until the Governor, upon determination that\nsuch dissolution is appropriate or upon receipt of a duly certified resolution\nof each governing body of each locality within the area of operation of the\nauthority requesting dissolution, shall proclaim that the authority is\ndissolved. Any such authority for which such a proclamation was issued shall be\ndissolved as of the date on which the proclamation was issued. Upon dissolution,\nthe title to all funds and properties owned by the authority at the time of such\ndissolution shall vest, (i) in the case of authorities created by proclamation\nof the Governor, in the localities in the area of operation or to not-for-profit\nagencies, public or private, as may be designated by the localities, or (ii) in\nthe case of authorities created by the City of Hampton pursuant to \u00a7 15.2-6302,\nin such locality or to not-for-profit agencies, public or private, as may be\ndesignated by such locality.\n\nHISTORY: 1996, c. 740, \u00a7 15.1-1339.1; 1997, c. 587; 2005, cc. 869, 887; 2011,\ncc. 126, 178; 2014, c. 640."}