{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-2436.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-2436.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-2436.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-2436.html"}],"law_id":348033,"edition_id":2,"section_id":348033,"structure_id":49924,"section_number":"15.2-2436","catch_line":"Prioritization of loans","history":"2010, c. 724.","full_text":"In approving loans, the Authority shall give preference to loans for projects that will (i) utilize private industry in the operation and maintenance of such projects where a material savings in cost can be shown over public operation and maintenance or (ii) serve two or more local governments to encourage regional cooperation.\n\n","order_by":null,"text":{"0":{"id":1298183,"text":"In approving loans, the Authority shall give preference to loans for projects that will (i) utilize private industry in the operation and maintenance of such projects where a material savings in cost can be shown over public operation and maintenance or (ii) serve two or more local governments to encourage regional cooperation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49924,"edition_id":2,"name":"Virginia Infrastructure Project Loan Fund","identifier":"24.3","label":"chapter","depth":3,"order_by":19,"parent_id":49834,"metadata":{"child_laws":11,"child_structures":0},"date_created":"2026-08-02 02:18:21","date_modified":"2026-08-02 12:29:39","permalink":{"id":1382829,"object_type":"structure","relational_id":49924,"identifier":"24.3","token":"15.2\/II\/24.3","url":"\/15.2\/II\/24.3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49834,"edition_id":2,"name":"Powers of Local Government","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":49831,"metadata":{"child_laws":1081,"child_structures":112},"date_created":"2026-08-02 02:16:24","date_modified":"2026-08-02 12:29:25","permalink":{"id":1379371,"object_type":"structure","relational_id":49834,"identifier":"II","token":"15.2\/II","url":"\/15.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49831,"edition_id":2,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":46,"parent_id":null,"metadata":{"child_laws":2297,"child_structures":225},"date_created":"2026-08-02 02:16:22","date_modified":"2026-08-02 12:29:22","permalink":{"id":1378281,"object_type":"structure","relational_id":49831,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":348027,"structure_id":49924,"section_number":"15.2-2430","catch_line":"Definitions","url":"\/15.2-2430\/","token":"15.2\/II\/24.3\/15.2-2430","metadata":false},{"id":348028,"structure_id":49924,"section_number":"15.2-2431","catch_line":"Creation and management of Fund","url":"\/15.2-2431\/","token":"15.2\/II\/24.3\/15.2-2431","metadata":false},{"id":348029,"structure_id":49924,"section_number":"15.2-2432","catch_line":"Deposit of money; expenditures; investments","url":"\/15.2-2432\/","token":"15.2\/II\/24.3\/15.2-2432","metadata":false},{"id":348030,"structure_id":49924,"section_number":"15.2-2433","catch_line":"Annual audit","url":"\/15.2-2433\/","token":"15.2\/II\/24.3\/15.2-2433","metadata":false},{"id":348031,"structure_id":49924,"section_number":"15.2-2434","catch_line":"Collection of money due Fund","url":"\/15.2-2434\/","token":"15.2\/II\/24.3\/15.2-2434","metadata":false},{"id":348032,"structure_id":49924,"section_number":"15.2-2435","catch_line":"Loans to local governments","url":"\/15.2-2435\/","token":"15.2\/II\/24.3\/15.2-2435","metadata":false},{"id":348033,"structure_id":49924,"section_number":"15.2-2436","catch_line":"Prioritization of loans","url":"\/15.2-2436\/","token":"15.2\/II\/24.3\/15.2-2436","metadata":false},{"id":348034,"structure_id":49924,"section_number":"15.2-2437","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/15.2-2437\/","token":"15.2\/II\/24.3\/15.2-2437","metadata":false},{"id":348035,"structure_id":49924,"section_number":"15.2-2438","catch_line":"Sale of loans","url":"\/15.2-2438\/","token":"15.2\/II\/24.3\/15.2-2438","metadata":false},{"id":348036,"structure_id":49924,"section_number":"15.2-2439","catch_line":"Powers of the Authority","url":"\/15.2-2439\/","token":"15.2\/II\/24.3\/15.2-2439","metadata":false},{"id":348037,"structure_id":49924,"section_number":"15.2-2440","catch_line":"Liberal construction of chapter","url":"\/15.2-2440\/","token":"15.2\/II\/24.3\/15.2-2440","metadata":false}],"previous_section":{"id":348032,"structure_id":49924,"section_number":"15.2-2435","catch_line":"Loans to local governments","url":"\/15.2-2435\/","token":"15.2\/II\/24.3\/15.2-2435","metadata":false},"next_section":{"id":348034,"structure_id":49924,"section_number":"15.2-2437","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/15.2-2437\/","token":"15.2\/II\/24.3\/15.2-2437","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2436\/","history_text":"<p>This law was first created in 2010. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?101+ful+CHAP0724\">724<\/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":1382855,"object_type":"law","relational_id":348033,"identifier":"15.2-2436","token":"15.2\/II\/24.3\/15.2-2436","url":"\/15.2-2436\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-2436\/","token":"15.2\/II\/24.3\/15.2-2436","dublin_core":{"Title":"Prioritization of loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2436","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>In approving loans, the <span class=\"dictionary\">Authority<\/span> shall give preference to loans for <span class=\"dictionary\">projects<\/span> that will (i) utilize private industry in the operation and maintenance of such <span class=\"dictionary\">projects<\/span> where a <span class=\"dictionary\">material<\/span> savings in cost can be shown over public operation and maintenance or (ii) serve two or more <span class=\"dictionary\">local governments<\/span> to encourage regional cooperation.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPRIORITIZATION OF LOANS (\u00a7 15.2-2436)\n\nIn approving loans, the Authority shall give preference to loans for projects\nthat will (i) utilize private industry in the operation and maintenance of such\nprojects where a material savings in cost can be shown over public operation and\nmaintenance or (ii) serve two or more local governments to encourage regional\ncooperation.\n\nHISTORY: 2010, c. 724.","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"}}