{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/2.2-2266.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/2.2-2266.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/2.2-2266.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/2.2-2266.html"}],"law_id":352430,"edition_id":2,"section_id":352430,"structure_id":50399,"section_number":"2.2-2266","catch_line":"Rents, fees and charges for financing or refinancing, services or use of facilities; use and disposition of revenues","history":"1981, c. 569, \u00a7 2.1-234.16; 1998, cc. 498, 504; 2001, c. 844.","full_text":"The Authority may fix, revise, charge, and collect rates, fees, and other charges for the financing or refinancing of, the use of or for the services and facilities furnished by each project and the different parts thereof, and to contract with any agency, commission, political subdivision or other entity desiring the use of any part thereof, and to fix the terms, conditions, rents, and rates of charges for such use or financing or refinancing. Such rates, fees, and other charges shall be fixed and adjusted so that revenues of the Authority, together with any other available funds, will be sufficient at all times to pay (i) the cost of maintaining, repairing and operating such project and (ii) the principal of and the interest on the related bonds as they become due and payable, and to create reserves for such purposes. Such rates, fees, and other charges shall not be subject to supervision or regulation by any other commission, board, bureau, or agency of the Commonwealth. The revenues derived from the project in connection with which the bonds have been issued, except such part thereof as may be necessary to pay the cost of maintenance, repair and operation and to provide such reserves therefor as may be provided for in the resolution authorizing the issuance of such bonds or in the trust agreement securing the bonds, shall be set aside at such regular intervals as may be provided in the resolution or trust agreement in a sinking fund which is pledged to, and charged with, the payment of the principal of and the interest on such bonds as they become due, and the redemption price or the purchase price of bonds retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time when the pledge is made, the revenues or other moneys so pledged and thereafter received by the Authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any trust agreement by which a pledge is created need be filed or recorded except in the records of the Authority. The use and disposition of moneys to the credit of such sinking fund shall be subject to the provisions of the resolution authorizing the issuance of the bonds or of the trust agreement. Except as may otherwise be provided in the resolution or trust agreement, such sinking fund shall be a fund for all such bonds without distinction or priority of one over another.\n\n","order_by":null,"text":{"0":{"id":1312004,"text":"The Authority may fix, revise, charge, and collect rates, fees, and other charges for the financing or refinancing of, the use of or for the services and facilities furnished by each project and the different parts thereof, and to contract with any agency, commission, political subdivision or other entity desiring the use of any part thereof, and to fix the terms, conditions, rents, and rates of charges for such use or financing or refinancing. Such rates, fees, and other charges shall be fixed and adjusted so that revenues of the Authority, together with any other available funds, will be sufficient at all times to pay (i) the cost of maintaining, repairing and operating such project and (ii) the principal of and the interest on the related bonds as they become due and payable, and to create reserves for such purposes. Such rates, fees, and other charges shall not be subject to supervision or regulation by any other commission, board, bureau, or agency of the Commonwealth. The revenues derived from the project in connection with which the bonds have been issued, except such part thereof as may be necessary to pay the cost of maintenance, repair and operation and to provide such reserves therefor as may be provided for in the resolution authorizing the issuance of such bonds or in the trust agreement securing the bonds, shall be set aside at such regular intervals as may be provided in the resolution or trust agreement in a sinking fund which is pledged to, and charged with, the payment of the principal of and the interest on such bonds as they become due, and the redemption price or the purchase price of bonds retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time when the pledge is made, the revenues or other moneys so pledged and thereafter received by the Authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any trust agreement by which a pledge is created need be filed or recorded except in the records of the Authority. The use and disposition of moneys to the credit of such sinking fund shall be subject to the provisions of the resolution authorizing the issuance of the bonds or of the trust agreement. Except as may otherwise be provided in the resolution or trust agreement, such sinking fund shall be a fund for all such bonds without distinction or priority of one over another.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":50399,"edition_id":2,"name":"Virginia Public Building Authority","identifier":"6","label":"article","depth":5,"order_by":6,"parent_id":50391,"metadata":{"child_laws":19,"child_structures":0},"date_created":"2026-08-02 02:27:52","date_modified":"2026-08-02 12:27:01","permalink":{"id":1401385,"object_type":"structure","relational_id":50399,"identifier":"6","token":"2.2\/I\/D\/22\/6","url":"\/2.2\/I\/D\/22\/6\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50391,"edition_id":2,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":2,"parent_id":50385,"metadata":{"child_laws":179,"child_structures":12},"date_created":"2026-08-02 02:27:40","date_modified":"2026-08-02 12:26:59","permalink":{"id":1400947,"object_type":"structure","relational_id":50391,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50385,"edition_id":2,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":4,"parent_id":50327,"metadata":{"child_laws":398,"child_structures":113},"date_created":"2026-08-02 02:27:36","date_modified":"2026-08-02 12:26:59","permalink":{"id":1400915,"object_type":"structure","relational_id":50385,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50327,"edition_id":2,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":50326,"metadata":{"child_laws":1084,"child_structures":230},"date_created":"2026-08-02 02:26:49","date_modified":"2026-08-02 12:26:45","permalink":{"id":1398457,"object_type":"structure","relational_id":50327,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50326,"edition_id":2,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":3,"parent_id":null,"metadata":{"child_laws":1509,"child_structures":292},"date_created":"2026-08-02 02:26:49","date_modified":"2026-08-02 12:26:45","permalink":{"id":1398455,"object_type":"structure","relational_id":50326,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":352424,"structure_id":50399,"section_number":"2.2-2260","catch_line":"Short title; definition","url":"\/2.2-2260\/","token":"2.2\/I\/D\/22\/6\/2.2-2260","metadata":false},{"id":352425,"structure_id":50399,"section_number":"2.2-2261","catch_line":"Virginia Public Building Authority created; purpose; membership; terms; expenses; staff","url":"\/2.2-2261\/","token":"2.2\/I\/D\/22\/6\/2.2-2261","metadata":false},{"id":352426,"structure_id":50399,"section_number":"2.2-2262","catch_line":"Board of directors","url":"\/2.2-2262\/","token":"2.2\/I\/D\/22\/6\/2.2-2262","metadata":false},{"id":352427,"structure_id":50399,"section_number":"2.2-2263","catch_line":"Powers and duties of Authority; limitations","url":"\/2.2-2263\/","token":"2.2\/I\/D\/22\/6\/2.2-2263","metadata":false},{"id":352428,"structure_id":50399,"section_number":"2.2-2264","catch_line":"Revenue bonds generally","url":"\/2.2-2264\/","token":"2.2\/I\/D\/22\/6\/2.2-2264","metadata":false},{"id":352429,"structure_id":50399,"section_number":"2.2-2265","catch_line":"Trust agreement securing bonds","url":"\/2.2-2265\/","token":"2.2\/I\/D\/22\/6\/2.2-2265","metadata":false},{"id":352430,"structure_id":50399,"section_number":"2.2-2266","catch_line":"Rents, fees and charges for financing or refinancing, services or use of facilities; use and disposition of revenues","url":"\/2.2-2266\/","token":"2.2\/I\/D\/22\/6\/2.2-2266","metadata":false},{"id":352431,"structure_id":50399,"section_number":"2.2-2267","catch_line":"Moneys received deemed trust funds","url":"\/2.2-2267\/","token":"2.2\/I\/D\/22\/6\/2.2-2267","metadata":false},{"id":352432,"structure_id":50399,"section_number":"2.2-2268","catch_line":"Proceedings by bondholder or trustee to enforce rights","url":"\/2.2-2268\/","token":"2.2\/I\/D\/22\/6\/2.2-2268","metadata":false},{"id":352433,"structure_id":50399,"section_number":"2.2-2269","catch_line":"Bonds made securities for investment and deposit","url":"\/2.2-2269\/","token":"2.2\/I\/D\/22\/6\/2.2-2269","metadata":false},{"id":352434,"structure_id":50399,"section_number":"2.2-2270","catch_line":"Revenue refunding bonds; bonds for refunding and for cost of additional projects","url":"\/2.2-2270\/","token":"2.2\/I\/D\/22\/6\/2.2-2270","metadata":false},{"id":352435,"structure_id":50399,"section_number":"2.2-2271","catch_line":"Grants or loans of public or private funds","url":"\/2.2-2271\/","token":"2.2\/I\/D\/22\/6\/2.2-2271","metadata":false},{"id":352436,"structure_id":50399,"section_number":"2.2-2272","catch_line":"Moneys of Authority; audit","url":"\/2.2-2272\/","token":"2.2\/I\/D\/22\/6\/2.2-2272","metadata":false},{"id":352437,"structure_id":50399,"section_number":"2.2-2273","catch_line":"Contracts, leases and other arrangements","url":"\/2.2-2273\/","token":"2.2\/I\/D\/22\/6\/2.2-2273","metadata":false},{"id":352438,"structure_id":50399,"section_number":"2.2-2274","catch_line":"Resolutions, rules and regulations, etc","url":"\/2.2-2274\/","token":"2.2\/I\/D\/22\/6\/2.2-2274","metadata":false},{"id":352439,"structure_id":50399,"section_number":"2.2-2275","catch_line":"Competition in award of contracts; contractors to give surety; terms of contracts","url":"\/2.2-2275\/","token":"2.2\/I\/D\/22\/6\/2.2-2275","metadata":false},{"id":352440,"structure_id":50399,"section_number":"2.2-2276","catch_line":"Eminent domain; right of entry","url":"\/2.2-2276\/","token":"2.2\/I\/D\/22\/6\/2.2-2276","metadata":false},{"id":352441,"structure_id":50399,"section_number":"2.2-2277","catch_line":"Jurisdiction of suits against Authority; service of process","url":"\/2.2-2277\/","token":"2.2\/I\/D\/22\/6\/2.2-2277","metadata":false},{"id":352442,"structure_id":50399,"section_number":"2.2-2278","catch_line":"Exemption from taxes or assessments","url":"\/2.2-2278\/","token":"2.2\/I\/D\/22\/6\/2.2-2278","metadata":false}],"previous_section":{"id":352429,"structure_id":50399,"section_number":"2.2-2265","catch_line":"Trust agreement securing bonds","url":"\/2.2-2265\/","token":"2.2\/I\/D\/22\/6\/2.2-2265","metadata":false},"next_section":{"id":352431,"structure_id":50399,"section_number":"2.2-2267","catch_line":"Moneys received deemed trust funds","url":"\/2.2-2267\/","token":"2.2\/I\/D\/22\/6\/2.2-2267","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2266\/","history_text":"

This law was first created in 1981. The record of its establishment is cataloged in chapter 569 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 1981 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. 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. Those modifications are as follows: in 1998, chapters 498<\/a> and 504<\/a>; in 2001, chapter 844<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1401411,"object_type":"law","relational_id":352430,"identifier":"2.2-2266","token":"2.2\/I\/D\/22\/6\/2.2-2266","url":"\/2.2-2266\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/2.2-2266\/","token":"2.2\/I\/D\/22\/6\/2.2-2266","dublin_core":{"Title":"Rents, fees and charges for financing or refinancing, services or use of facilities; use and disposition of revenues","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2266","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> may fix, revise, charge, and collect rates, fees, and other charges for the financing or refinancing of, the use of or for the services and facilities furnished by each project and the different parts thereof, and to contract<\/span> with any agency, commission, political subdivision or other entity desiring the use of any part thereof, and to fix the terms, conditions, rents, and rates of charges for such use or financing or refinancing. Such rates, fees, and other charges shall be fixed and adjusted so that revenues of the Authority<\/span>, together with any other available funds, will be sufficient at all times to pay (i) the cost of maintaining, repairing and operating such project and (ii) the principal of and the interest on the related bonds<\/span><\/span> as they become due and payable, and to create reserves for such purposes. Such rates, fees, and other charges shall not be subject to supervision or regulation by any other commission, board<\/span>, bureau, or agency of the Commonwealth<\/span>. The revenues derived from the project in connection with which the bonds<\/span><\/span> have been issued, except such part thereof as may be necessary to pay the cost of maintenance, repair and operation and to provide such reserves therefor as may be provided for in the resolution authorizing the issuance of such bonds<\/span><\/span> or in the trust agreement securing the bonds<\/span><\/span>, shall be set aside at such regular intervals as may be provided in the resolution or trust agreement in a sinking fund which is pledged to, and charged with, the payment of the principal of and the interest on such bonds<\/span><\/span> as they become due, and the redemption<\/span> price or the purchase price of bonds<\/span><\/span> retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time when the pledge is made, the revenues or other moneys so pledged and thereafter received by the Authority<\/span> shall immediately be subject to the lien<\/span> of such pledge without any physical delivery thereof or further act, and the lien<\/span> of any such pledge shall be valid and binding as against all parties having claims of any kind in tort<\/span>, contract<\/span> or otherwise against the Authority<\/span>, irrespective of whether such parties have notice thereof. Neither the resolution nor any trust agreement by which a pledge is created need be filed or recorded except in the records of the Authority<\/span>. The use and disposition<\/span> of moneys to the credit of such sinking fund shall be subject to the provisions of the resolution authorizing the issuance of the bonds<\/span><\/span> or of the trust agreement. Except as may otherwise be provided in the resolution or trust agreement, such sinking fund shall be a fund for all such bonds<\/span><\/span> without distinction or priority of one over another.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRENTS, FEES AND CHARGES FOR FINANCING OR REFINANCING, SERVICES OR USE OF\nFACILITIES; USE AND DISPOSITION OF REVENUES (\u00a7 2.2-2266)\n\nThe Authority may fix, revise, charge, and collect rates, fees, and other\ncharges for the financing or refinancing of, the use of or for the services and\nfacilities furnished by each project and the different parts thereof, and to\ncontract with any agency, commission, political subdivision or other entity\ndesiring the use of any part thereof, and to fix the terms, conditions, rents,\nand rates of charges for such use or financing or refinancing. Such rates, fees,\nand other charges shall be fixed and adjusted so that revenues of the Authority,\ntogether with any other available funds, will be sufficient at all times to pay\n(i) the cost of maintaining, repairing and operating such project and (ii) the\nprincipal of and the interest on the related bonds as they become due and\npayable, and to create reserves for such purposes. Such rates, fees, and other\ncharges shall not be subject to supervision or regulation by any other\ncommission, board, bureau, or agency of the Commonwealth. The revenues derived\nfrom the project in connection with which the bonds have been issued, except\nsuch part thereof as may be necessary to pay the cost of maintenance, repair and\noperation and to provide such reserves therefor as may be provided for in the\nresolution authorizing the issuance of such bonds or in the trust agreement\nsecuring the bonds, shall be set aside at such regular intervals as may be\nprovided in the resolution or trust agreement in a sinking fund which is pledged\nto, and charged with, the payment of the principal of and the interest on such\nbonds as they become due, and the redemption price or the purchase price of\nbonds retired by call or purchase as therein provided. Such pledge shall be\nvalid and binding from the time when the pledge is made, the revenues or other\nmoneys so pledged and thereafter received by the Authority shall immediately be\nsubject to the lien of such pledge without any physical delivery thereof or\nfurther act, and the lien of any such pledge shall be valid and binding as\nagainst all parties having claims of any kind in tort, contract or otherwise\nagainst the Authority, irrespective of whether such parties have notice thereof.\nNeither the resolution nor any trust agreement by which a pledge is created need\nbe filed or recorded except in the records of the Authority. The use and\ndisposition of moneys to the credit of such sinking fund shall be subject to the\nprovisions of the resolution authorizing the issuance of the bonds or of the\ntrust agreement. Except as may otherwise be provided in the resolution or trust\nagreement, such sinking fund shall be a fund for all such bonds without\ndistinction or priority of one over another.\n\nHISTORY: 1981, c. 569, \u00a7 2.1-234.16; 1998, cc. 498, 504; 2001, c. 844.","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"}}