{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/10.1-1623.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/10.1-1623.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/10.1-1623.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/10.1-1623.html"}],"law_id":345806,"edition_id":2,"section_id":345806,"structure_id":49653,"section_number":"10.1-1623","catch_line":"Dissolution of Authority; disposition of property","history":"2025, cc. 169, 176.","full_text":"A\n\nNotwithstanding any contrary provision of this chapter, whenever the Board determines by resolution that it is in the best interest of those served by the Authority to divest itself of property owned by the Authority, the Authority may transfer all such property to the locality in which the majority of such property is located.\n\nB\n\nWhenever the Board determines by resolution that (i) the purposes for which the Authority was formed have been substantially complied with, (ii) all property of the Authority has been transferred pursuant to this chapter, and (iii) all bonds therefor issued and all obligations theretofore incurred by the Authority have been fully paid or adequate provisions have been made for the payment, the Board may dissolve itself upon a majority vote of the Board.\n\n","order_by":null,"text":{"0":{"id":1289348,"text":"Notwithstanding any contrary provision of this chapter, whenever the Board determines by resolution that it is in the best interest of those served by the Authority to divest itself of property owned by the Authority, the Authority may transfer all such property to the locality in which the majority of such property is located.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1289349,"text":"Whenever the Board determines by resolution that (i) the purposes for which the Authority was formed have been substantially complied with, (ii) all property of the Authority has been transferred pursuant to this chapter, and (iii) all bonds therefor issued and all obligations theretofore incurred by the Authority have been fully paid or adequate provisions have been made for the payment, the Board may dissolve itself upon a majority vote of the Board.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":49653,"edition_id":2,"name":"Virginia Recreational Facilities Authority Act","identifier":"16","label":"chapter","depth":3,"order_by":10,"parent_id":49595,"metadata":{"child_laws":24,"child_structures":0},"date_created":"2026-08-02 02:12:57","date_modified":"2026-08-02 12:28:58","permalink":{"id":1373549,"object_type":"structure","relational_id":49653,"identifier":"16","token":"10.1\/II\/16","url":"\/10.1\/II\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49595,"edition_id":2,"name":"Activities 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of conveyances of real estate to Authority","url":"\/10.1-1622\/","token":"10.1\/II\/16\/10.1-1622","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-1623\/","history_text":"

This law was first created in 2025. The record of its establishment is cataloged in chapters 169<\/a> and 176<\/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":1373643,"object_type":"law","relational_id":345806,"identifier":"10.1-1623","token":"10.1\/II\/16\/10.1-1623","url":"\/10.1-1623\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/10.1-1623\/","token":"10.1\/II\/16\/10.1-1623","dublin_core":{"Title":"Dissolution of Authority; disposition of property","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-1623","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Notwithstanding any contrary provision of this chapter, whenever the Board<\/span> determines by resolution that it is in the best interest of those served by the Authority<\/span> to divest itself of property owned by the Authority<\/span>, the Authority<\/span> may transfer all such property to the locality in which the majority of such property is located. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Whenever the Board<\/span> determines by resolution that (i) the purposes for which the Authority<\/span> was formed have been substantially complied with, (ii) all property of the Authority<\/span> has been transferred pursuant to this chapter, and (iii) all bonds<\/span><\/span> therefor issued and all obligations theretofore incurred by the Authority<\/span> have been fully paid or adequate provisions have been made for the payment, the Board<\/span> may dissolve itself upon a majority vote of the Board<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISSOLUTION OF AUTHORITY; DISPOSITION OF PROPERTY (\u00a7 10.1-1623)\n\nA. Notwithstanding any contrary provision of this chapter, whenever the Board\ndetermines by resolution that it is in the best interest of those served by the\nAuthority to divest itself of property owned by the Authority, the Authority may\ntransfer all such property to the locality in which the majority of such\nproperty is located.\n\nB. Whenever the Board determines by resolution that (i) the purposes for which\nthe Authority was formed have been substantially complied with, (ii) all\nproperty of the Authority has been transferred pursuant to this chapter, and\n(iii) all bonds therefor issued and all obligations theretofore incurred by the\nAuthority have been fully paid or adequate provisions have been made for the\npayment, the Board may dissolve itself upon a majority vote of the Board.\n\nHISTORY: 2025, cc. 169, 176.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}