{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/10.1-2404.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/10.1-2404.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/10.1-2404.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/10.1-2404.1.html"}],"law_id":345934,"edition_id":2,"section_id":345934,"structure_id":49680,"section_number":"10.1-2404.1","catch_line":"Establishment of Historic Preservation Trust Fund","history":"1999, c. 558.","full_text":"The Board of Trustees of the Virginia Historic Preservation Foundation and the Director of the Department of Historic Resources are authorized on behalf of the Commonwealth to enter into a trust agreement with the Association for the Preservation of Virginia Antiquities, whereby the Association for the Preservation of Virginia Antiquities shall be trustee and the Commonwealth shall be beneficiary. The Board of Trustees of the Virginia Historic Preservation Foundation is authorized to create a trust fund, to be known as the Historic Preservation Trust Fund, known hereafter as the “Trust Fund,” by transferring all of the assets of the Virginia Historic Preservation Revolving Fund to the Association for the Preservation of Virginia Antiquities, as Trustee of the Trust Fund, including its cash, notes, mortgages, other securities, real estate and all its other assets, to be administered as follows:\n\n1\n\nThe Trustee shall serve without compensation;\n\n2\n\nThe Trust Fund shall be administered and managed by the Property Committee of the Association for the Preservation of Virginia Antiquities;\n\n3\n\nThe Director of the Department of Historic Resources, or his designee, shall serve as a voting member of the Property Committee of the Association for the Preservation of Virginia Antiquities on all questions concerning properties to be acquired and sold by the Trust Fund;\n\n4\n\nThe Trust Fund shall be used for the sole purpose of preserving properties listed or eligible for listing on the Virginia Landmarks Register through the acquisition of such properties, or interests therein, the donation of a perpetual preservation easement on such properties to the Board of Historic Resources, and the subsequent resale of properties, or interests therein, thus protected to appropriate individuals, corporations, partnerships, associations or other legal entities, or the resale or transfer to appropriate public agencies, when, in the discretion of the Trustee, such action is the best feasible means of protecting such properties from an identifiable threat of destruction or from the loss of those qualities for which they were designated or eligible to be designated as landmarks by the Board of Historic Resources; and\n\n5\n\nThe Trust Fund shall be operated as a revolving fund and all proceeds from the resale of properties, and any income which may accrue on the trust properties, shall be returned to and deposited in the Trust Fund.\n\t\t\tThe terms, conditions and form of the trust agreement shall be reviewed and approved by the Governor and the Attorney General.\n\n","order_by":null,"text":{"0":{"id":1289876,"text":"The Board of Trustees of the Virginia Historic Preservation Foundation and the Director of the Department of Historic Resources are authorized on behalf of the Commonwealth to enter into a trust agreement with the Association for the Preservation of Virginia Antiquities, whereby the Association for the Preservation of Virginia Antiquities shall be trustee and the Commonwealth shall be beneficiary. The Board of Trustees of the Virginia Historic Preservation Foundation is authorized to create a trust fund, to be known as the Historic Preservation Trust Fund, known hereafter as the “Trust Fund,” by transferring all of the assets of the Virginia Historic Preservation Revolving Fund to the Association for the Preservation of Virginia Antiquities, as Trustee of the Trust Fund, including its cash, notes, mortgages, other securities, real estate and all its other assets, to be administered as follows:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":1289877,"text":"The Trustee shall serve without compensation;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":1289878,"text":"The Trust Fund shall be administered and managed by the Property Committee of the Association for the Preservation of Virginia Antiquities;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":1289879,"text":"The Director of the Department of Historic Resources, or his designee, shall serve as a voting member of the Property Committee of the Association for the Preservation of Virginia Antiquities on all questions concerning properties to be acquired and sold by the Trust Fund;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":1289880,"text":"The Trust Fund shall be used for the sole purpose of preserving properties listed or eligible for listing on the Virginia Landmarks Register through the acquisition of such properties, or interests therein, the donation of a perpetual preservation easement on such properties to the Board of Historic Resources, and the subsequent resale of properties, or interests therein, thus protected to appropriate individuals, corporations, partnerships, associations or other legal entities, or the resale or transfer to appropriate public agencies, when, in the discretion of the Trustee, such action is the best feasible means of protecting such properties from an identifiable threat of destruction or from the loss of those qualities for which they were designated or eligible to be designated as landmarks by the Board of Historic Resources; and","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":1289881,"text":"The Trust Fund shall be operated as a revolving fund and all proceeds from the resale of properties, and any income which may accrue on the trust properties, shall be returned to and deposited in the Trust Fund.\n\t\t\tThe terms, conditions and form of the trust agreement shall be reviewed and approved by the Governor and the Attorney General.","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4"}},"ancestry":[{"id":49680,"edition_id":2,"name":"Historic Preservation Trust Fund","identifier":"24.1","label":"chapter","depth":3,"order_by":4,"parent_id":49674,"metadata":{"child_laws":2,"child_structures":0},"date_created":"2026-08-02 02:13:18","date_modified":"2026-08-02 12:29:02","permalink":{"id":1374077,"object_type":"structure","relational_id":49680,"identifier":"24.1","token":"10.1\/III\/24.1","url":"\/10.1\/III\/24.1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49674,"edition_id":2,"name":"Activities Administered by the Department of Historic Resources","identifier":"III","label":"subtitle","depth":2,"order_by":3,"parent_id":49584,"metadata":{"child_laws":46,"child_structures":8},"date_created":"2026-08-02 02:13:13","date_modified":"2026-08-02 12:29:01","permalink":{"id":1373909,"object_type":"structure","relational_id":49674,"identifier":"III","token":"10.1\/III","url":"\/10.1\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49584,"edition_id":2,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":38,"parent_id":null,"metadata":{"child_laws":886,"child_structures":125},"date_created":"2026-08-02 02:11:52","date_modified":"2026-08-02 12:28:44","permalink":{"id":1370315,"object_type":"structure","relational_id":49584,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":345934,"structure_id":49680,"section_number":"10.1-2404.1","catch_line":"Establishment of Historic Preservation Trust Fund","url":"\/10.1-2404.1\/","token":"10.1\/III\/24.1\/10.1-2404.1","metadata":false},{"id":345935,"structure_id":49680,"section_number":"10.1-2404.2","catch_line":"Operations of fund; termination","url":"\/10.1-2404.2\/","token":"10.1\/III\/24.1\/10.1-2404.2","metadata":false}],"next_section":{"id":345935,"structure_id":49680,"section_number":"10.1-2404.2","catch_line":"Operations of fund; termination","url":"\/10.1-2404.2\/","token":"10.1\/III\/24.1\/10.1-2404.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-2404.1\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapter 558<\/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":[{"id":345935,"section_number":"10.1-2404.2","catch_line":"Operations of fund; termination","order_by":null,"url":"\/10.1-2404.2\/"}],"refers_to":false,"permalink":{"id":1374079,"object_type":"law","relational_id":345934,"identifier":"10.1-2404.1","token":"10.1\/III\/24.1\/10.1-2404.1","url":"\/10.1-2404.1\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/10.1-2404.1\/","token":"10.1\/III\/24.1\/10.1-2404.1","dublin_core":{"Title":"Establishment of Historic Preservation Trust Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-2404.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Board<\/span> of Trustees of the Virginia Historic Preservation Foundation and the Director<\/span> of the Department<\/span> of Historic Resources are authorized on behalf of the Commonwealth to enter into a trust agreement with the Association for the Preservation of Virginia Antiquities, whereby the Association for the Preservation of Virginia Antiquities shall be trustee and the Commonwealth shall be beneficiary. The Board<\/span> of Trustees of the Virginia Historic Preservation Foundation is authorized to create a trust fund, to be known as the Historic Preservation Trust Fund, known hereafter as the “Trust Fund,” by transferring all of the assets<\/span> of the Virginia Historic Preservation Revolving Fund to the Association for the Preservation of Virginia Antiquities, as Trustee of the Trust Fund, including its cash, notes, mortgages, other securities, real estate and all its other assets<\/span>, to be administered as follows:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The Trustee shall serve without compensation; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The Trust Fund shall be administered and managed by the Property Committee of the Association for the Preservation of Virginia Antiquities; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The Director<\/span> of the Department<\/span> of Historic Resources, or his designee, shall serve as a voting member of the Property Committee of the Association for the Preservation of Virginia Antiquities on all questions concerning properties to be acquired and sold by the Trust Fund; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The Trust Fund shall be used for the sole purpose of preserving properties listed or eligible for listing on the Virginia Landmarks Register through the acquisition of such properties, or interests therein, the donation of a perpetual preservation easement on such properties to the Board<\/span> of Historic Resources, and the subsequent resale of properties, or interests therein, thus protected to appropriate individuals, corporations, partnerships, associations or other legal entities, or the resale or transfer to appropriate public agencies, when, in the discretion of the Trustee, such action is the best feasible means of protecting such properties from an identifiable threat of destruction or from the loss of those qualities for which they were designated or eligible to be designated as landmarks by the Board<\/span> of Historic Resources; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> The Trust Fund shall be operated as a revolving fund and all proceeds from the resale of properties, and any income which may accrue on the trust properties, shall be returned to and deposited in the Trust Fund.\n\t\t\tThe terms, conditions and form of the trust agreement shall be reviewed and approved by the Governor and the Attorney General<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nESTABLISHMENT OF HISTORIC PRESERVATION TRUST FUND (\u00a7 10.1-2404.1)\n\nThe Board of Trustees of the Virginia Historic Preservation Foundation and the\nDirector of the Department of Historic Resources are authorized on behalf of the\nCommonwealth to enter into a trust agreement with the Association for the\nPreservation of Virginia Antiquities, whereby the Association for the\nPreservation of Virginia Antiquities shall be trustee and the Commonwealth shall\nbe beneficiary. The Board of Trustees of the Virginia Historic Preservation\nFoundation is authorized to create a trust fund, to be known as the Historic\nPreservation Trust Fund, known hereafter as the “Trust Fund,” by\ntransferring all of the assets of the Virginia Historic Preservation Revolving\nFund to the Association for the Preservation of Virginia Antiquities, as Trustee\nof the Trust Fund, including its cash, notes, mortgages, other securities, real\nestate and all its other assets, to be administered as follows:\n\n1. The Trustee shall serve without compensation;\n\n2. The Trust Fund shall be administered and managed by the Property Committee of\nthe Association for the Preservation of Virginia Antiquities;\n\n3. The Director of the Department of Historic Resources, or his designee, shall\nserve as a voting member of the Property Committee of the Association for the\nPreservation of Virginia Antiquities on all questions concerning properties to\nbe acquired and sold by the Trust Fund;\n\n4. The Trust Fund shall be used for the sole purpose of preserving properties\nlisted or eligible for listing on the Virginia Landmarks Register through the\nacquisition of such properties, or interests therein, the donation of a\nperpetual preservation easement on such properties to the Board of Historic\nResources, and the subsequent resale of properties, or interests therein, thus\nprotected to appropriate individuals, corporations, partnerships, associations\nor other legal entities, or the resale or transfer to appropriate public\nagencies, when, in the discretion of the Trustee, such action is the best\nfeasible means of protecting such properties from an identifiable threat of\ndestruction or from the loss of those qualities for which they were designated\nor eligible to be designated as landmarks by the Board of Historic Resources;\nand\n\n5. The Trust Fund shall be operated as a revolving fund and all proceeds from\nthe resale of properties, and any income which may accrue on the trust\nproperties, shall be returned to and deposited in the Trust Fund.\n\t\t\tThe terms, conditions and form of the trust agreement shall be reviewed and\napproved by the Governor and the Attorney General.\n\nHISTORY: 1999, c. 558.","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"}}