{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-6012.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-6012.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-6012.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-6012.html"}],"law_id":348952,"edition_id":2,"section_id":348952,"structure_id":50017,"section_number":"15.2-6012","catch_line":"Dissolution of Authority","history":"1988, c. 833, \u00a7 15.1-1647; 1997, c. 587.","full_text":"Whenever the Board determines that the purpose for which the Authority was created has been substantially fulfilled or is impractical or impossible of accomplishment and that all obligations incurred by the Authority have been paid or that cash or a sufficient amount of United States government securities has been deposited for their payment or provisions satisfactory for the timely payment of all its outstanding obligations have been arranged, the Board may adopt resolutions declaring and finding that the Authority shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving the Authority may be introduced in the General Assembly. The dissolution of the Authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by the Authority at the time of such dissolution shall vest in the counties and cities which have contributed to the fund in proportion to their respective contributions.\n\n","order_by":null,"text":{"0":{"id":1300739,"text":"Whenever the Board determines that the purpose for which the Authority was created has been substantially fulfilled or is impractical or impossible of accomplishment and that all obligations incurred by the Authority have been paid or that cash or a sufficient amount of United States government securities has been deposited for their payment or provisions satisfactory for the timely payment of all its outstanding obligations have been arranged, the Board may adopt resolutions declaring and finding that the Authority shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving the Authority may be introduced in the General Assembly. The dissolution of the Authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by the Authority at the time of such dissolution shall vest in the counties and cities which have contributed to the fund in proportion to their respective contributions.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":50017,"edition_id":2,"name":"Virginia Coalfield Economic Development Authority","identifier":"60","label":"chapter","depth":3,"order_by":22,"parent_id":49964,"metadata":{"child_laws":16,"child_structures":0},"date_created":"2026-08-02 02:20:16","date_modified":"2026-08-02 12:29:54","permalink":{"id":1386921,"object_type":"structure","relational_id":50017,"identifier":"60","token":"15.2\/IV\/60","url":"\/15.2\/IV\/60\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49964,"edition_id":2,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":49831,"metadata":{"child_laws":721,"child_structures":68},"date_created":"2026-08-02 02:19:12","date_modified":"2026-08-02 12:29:48","permalink":{"id":1384899,"object_type":"structure","relational_id":49964,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","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":348939,"structure_id":50017,"section_number":"15.2-6000","catch_line":"Authority created; name","url":"\/15.2-6000\/","token":"15.2\/IV\/60\/15.2-6000","metadata":false},{"id":348940,"structure_id":50017,"section_number":"15.2-6001","catch_line":"Findings of fact","url":"\/15.2-6001\/","token":"15.2\/IV\/60\/15.2-6001","metadata":false},{"id":348941,"structure_id":50017,"section_number":"15.2-6002","catch_line":"Purpose of Authority; performs governmental function","url":"\/15.2-6002\/","token":"15.2\/IV\/60\/15.2-6002","metadata":false},{"id":348942,"structure_id":50017,"section_number":"15.2-6003","catch_line":"Board of Authority; members and officers; staff; annual report","url":"\/15.2-6003\/","token":"15.2\/IV\/60\/15.2-6003","metadata":false},{"id":348943,"structure_id":50017,"section_number":"15.2-6004","catch_line":"Office of Authority; title to property","url":"\/15.2-6004\/","token":"15.2\/IV\/60\/15.2-6004","metadata":false},{"id":348944,"structure_id":50017,"section_number":"15.2-6005","catch_line":"General powers of Authority; regulations; enforcement of statutes, rules, etc","url":"\/15.2-6005\/","token":"15.2\/IV\/60\/15.2-6005","metadata":false},{"id":348945,"structure_id":50017,"section_number":"15.2-6006","catch_line":"Further powers","url":"\/15.2-6006\/","token":"15.2\/IV\/60\/15.2-6006","metadata":false},{"id":348946,"structure_id":50017,"section_number":"15.2-6007","catch_line":"Acceptance of funds, property and grants or loans","url":"\/15.2-6007\/","token":"15.2\/IV\/60\/15.2-6007","metadata":false},{"id":348947,"structure_id":50017,"section_number":"15.2-6008","catch_line":"Forms of accounts and records; audit of same","url":"\/15.2-6008\/","token":"15.2\/IV\/60\/15.2-6008","metadata":false},{"id":348948,"structure_id":50017,"section_number":"15.2-6009","catch_line":"Capitalization of Authority","url":"\/15.2-6009\/","token":"15.2\/IV\/60\/15.2-6009","metadata":false},{"id":348950,"structure_id":50017,"section_number":"15.2-6010","catch_line":"Proceeds held","url":"\/15.2-6010\/","token":"15.2\/IV\/60\/15.2-6010","metadata":false},{"id":348951,"structure_id":50017,"section_number":"15.2-6011","catch_line":"Eligible use of funds","url":"\/15.2-6011\/","token":"15.2\/IV\/60\/15.2-6011","metadata":false},{"id":348952,"structure_id":50017,"section_number":"15.2-6012","catch_line":"Dissolution of Authority","url":"\/15.2-6012\/","token":"15.2\/IV\/60\/15.2-6012","metadata":false},{"id":348953,"structure_id":50017,"section_number":"15.2-6013","catch_line":"Chapter liberally construed","url":"\/15.2-6013\/","token":"15.2\/IV\/60\/15.2-6013","metadata":false},{"id":348954,"structure_id":50017,"section_number":"15.2-6014","catch_line":"Inconsistent laws inapplicable","url":"\/15.2-6014\/","token":"15.2\/IV\/60\/15.2-6014","metadata":{"court_decisions":""}},{"id":348960,"structure_id":50017,"section_number":"15.2-6015","catch_line":"City of Norton deemed contributing jurisdiction of Wise County","url":"\/15.2-6015\/","token":"15.2\/IV\/60\/15.2-6015","metadata":false}],"previous_section":{"id":348951,"structure_id":50017,"section_number":"15.2-6011","catch_line":"Eligible use of funds","url":"\/15.2-6011\/","token":"15.2\/IV\/60\/15.2-6011","metadata":false},"next_section":{"id":348953,"structure_id":50017,"section_number":"15.2-6013","catch_line":"Chapter liberally construed","url":"\/15.2-6013\/","token":"15.2\/IV\/60\/15.2-6013","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-6012\/","history_text":"

This law was first created in 1988. The record of its establishment is cataloged in chapter 833 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. Unfortunately, the 1988 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1997, chapter 587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1386971,"object_type":"law","relational_id":348952,"identifier":"15.2-6012","token":"15.2\/IV\/60\/15.2-6012","url":"\/15.2-6012\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-6012\/","token":"15.2\/IV\/60\/15.2-6012","dublin_core":{"Title":"Dissolution of Authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6012","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Whenever the Board determines that the purpose for which the Authority was created has been substantially fulfilled or is impractical or impossible of accomplishment and that all obligations incurred by the Authority have been paid or that cash or a sufficient amount of United States government securities has been deposited for their payment or provisions satisfactory for the timely payment of all its outstanding obligations have been arranged, the Board may adopt resolutions declaring and finding<\/span> that the Authority shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving the Authority may be introduced in the General Assembly. The dissolution of the Authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by the Authority at the time of such dissolution shall vest in the counties and cities which have contributed to the fund in proportion to their respective contributions.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISSOLUTION OF AUTHORITY (\u00a7 15.2-6012)\n\nWhenever the Board determines that the purpose for which the Authority was\ncreated has been substantially fulfilled or is impractical or impossible of\naccomplishment and that all obligations incurred by the Authority have been paid\nor that cash or a sufficient amount of United States government securities has\nbeen deposited for their payment or provisions satisfactory for the timely\npayment of all its outstanding obligations have been arranged, the Board may\nadopt resolutions declaring and finding that the Authority shall be dissolved.\nAppropriate attested copies of such resolutions shall be delivered to the\nGovernor so that legislation dissolving the Authority may be introduced in the\nGeneral Assembly. The dissolution of the Authority shall become effective\naccording to the terms of such legislation. The title to all funds and other\nproperty owned by the Authority at the time of such dissolution shall vest in\nthe counties and cities which have contributed to the fund in proportion to\ntheir respective contributions.\n\nHISTORY: 1988, c. 833, \u00a7 15.1-1647; 1997, c. 587.","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"}}