{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-2417.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-2417.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-2417.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-2417.html"}],"law_id":348014,"edition_id":2,"section_id":348014,"structure_id":49922,"section_number":"15.2-2417","catch_line":"Grants and loans","history":"2000, c. 757.","full_text":"Except as otherwise provided in this chapter, money in the Fund shall be used to make grants or loans to local governments to finance the assembling, planning, clearing, and remediation of sites for the purpose of promoting such sites to private developers for redevelopment.\n\nNo grant shall exceed $500,000. Each grant shall be conditioned upon a 100 percent match of funds by the local government. The Board shall develop guidelines for the administration of the grant program established by this chapter.\n\nThe Board shall determine the terms and conditions of any loan from the Fund; however, it is the intent of this chapter that the Board make long-term no-interest loans to localities to encourage utilization of any available funds. All loans from the Fund shall be evidenced by appropriate notes of the loan recipient payable to the Fund. The Director of the Department is authorized to require in connection with any loan from the Fund any documents, instruments, certificates, legal opinions or other information he deems necessary or convenient.\n\n","order_by":null,"text":{"0":{"id":1298139,"text":"Except as otherwise provided in this chapter, money in the Fund shall be used to make grants or loans to local governments to finance the assembling, planning, clearing, and remediation of sites for the purpose of promoting such sites to private developers for redevelopment.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":""},"1":{"id":1298140,"text":"No grant shall exceed $500,000. Each grant shall be conditioned upon a 100 percent match of funds by the local government. The Board shall develop guidelines for the administration of the grant program established by this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"prior_prefix":"","next_prefix":""},"2":{"id":1298141,"text":"The Board shall determine the terms and conditions of any loan from the Fund; however, it is the intent of this chapter that the Board make long-term no-interest loans to localities to encourage utilization of any available funds. All loans from the Fund shall be evidenced by appropriate notes of the loan recipient payable to the Fund. The Director of the Department is authorized to require in connection with any loan from the Fund any documents, instruments, certificates, legal opinions or other information he deems necessary or convenient.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"prior_prefix":""}},"ancestry":[{"id":49922,"edition_id":2,"name":"Urban Public-Private Partnership Redevelopment Fund","identifier":"24.1","label":"chapter","depth":3,"order_by":17,"parent_id":49834,"metadata":{"child_laws":5,"child_structures":0},"date_created":"2026-08-02 02:18:19","date_modified":"2026-08-02 12:29:38","permalink":{"id":1382761,"object_type":"structure","relational_id":49922,"identifier":"24.1","token":"15.2\/II\/24.1","url":"\/15.2\/II\/24.1\/","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":348011,"structure_id":49922,"section_number":"15.2-2414","catch_line":"Definitions","url":"\/15.2-2414\/","token":"15.2\/II\/24.1\/15.2-2414","metadata":false},{"id":348012,"structure_id":49922,"section_number":"15.2-2415","catch_line":"Creation and management of the Urban Public-Private Partnership Redevelopment Fund","url":"\/15.2-2415\/","token":"15.2\/II\/24.1\/15.2-2415","metadata":false},{"id":348013,"structure_id":49922,"section_number":"15.2-2416","catch_line":"Audit","url":"\/15.2-2416\/","token":"15.2\/II\/24.1\/15.2-2416","metadata":false},{"id":348014,"structure_id":49922,"section_number":"15.2-2417","catch_line":"Grants and loans","url":"\/15.2-2417\/","token":"15.2\/II\/24.1\/15.2-2417","metadata":false},{"id":348015,"structure_id":49922,"section_number":"15.2-2418","catch_line":"Reports","url":"\/15.2-2418\/","token":"15.2\/II\/24.1\/15.2-2418","metadata":false}],"previous_section":{"id":348013,"structure_id":49922,"section_number":"15.2-2416","catch_line":"Audit","url":"\/15.2-2416\/","token":"15.2\/II\/24.1\/15.2-2416","metadata":false},"next_section":{"id":348015,"structure_id":49922,"section_number":"15.2-2418","catch_line":"Reports","url":"\/15.2-2418\/","token":"15.2\/II\/24.1\/15.2-2418","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2417\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapter 757<\/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":1382775,"object_type":"law","relational_id":348014,"identifier":"15.2-2417","token":"15.2\/II\/24.1\/15.2-2417","url":"\/15.2-2417\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-2417\/","token":"15.2\/II\/24.1\/15.2-2417","dublin_core":{"Title":"Grants and loans","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2417","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Except as otherwise provided in this chapter, money in the Fund<\/span> shall be used to make grants or loans to local governments<\/span> to finance the assembling, planning, clearing, and remediation of sites for the purpose of promoting such sites to private developers for redevelopment.<\/p>

No grant shall exceed $500,000. Each grant shall be conditioned upon a 100 percent match of funds<\/span> by the local government<\/span>. The Board<\/span> shall develop guidelines for the administration of the grant program established by this chapter.<\/p>

The Board<\/span> shall determine the terms and conditions of any loan from the Fund<\/span>; however, it is the intent<\/span> of this chapter that the Board<\/span> make long-term no-interest loans to localities to encourage utilization of any available funds<\/span>. All loans from the Fund<\/span> shall be evidenced by appropriate notes of the loan recipient payable to the Fund<\/span>. The Director of the Department<\/span> is authorized to require in connection with any loan from the Fund<\/span> any documents, instruments, certificates, legal opinions<\/span> or other information he deems necessary or convenient.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nGRANTS AND LOANS (\u00a7 15.2-2417)\n\nExcept as otherwise provided in this chapter, money in the Fund shall be used to\nmake grants or loans to local governments to finance the assembling, planning,\nclearing, and remediation of sites for the purpose of promoting such sites to\nprivate developers for redevelopment.\n\nNo grant shall exceed $500,000. Each grant shall be conditioned upon a 100\npercent match of funds by the local government. The Board shall develop\nguidelines for the administration of the grant program established by this\nchapter.\n\nThe Board shall determine the terms and conditions of any loan from the Fund;\nhowever, it is the intent of this chapter that the Board make long-term\nno-interest loans to localities to encourage utilization of any available funds.\nAll loans from the Fund shall be evidenced by appropriate notes of the loan\nrecipient payable to the Fund. The Director of the Department is authorized to\nrequire in connection with any loan from the Fund any documents, instruments,\ncertificates, legal opinions or other information he deems necessary or\nconvenient.\n\nHISTORY: 2000, c. 757.","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"}}