{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/33.2-3815.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/33.2-3815.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/33.2-3815.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/33.2-3815.html"}],"law_id":360383,"edition_id":2,"section_id":360383,"structure_id":51547,"section_number":"33.2-3815","catch_line":"Dissolution of authority","history":"2021, Sp. Sess. I, cc. 353, 354.","full_text":"A member of the authority may withdraw from the authority only upon dissolution of the authority as set forth herein. Whenever the board determines that the purpose for which the authority was created has been substantially fulfilled or is impractical or impossible to accomplish 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 such 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 such authority at the time of such dissolution shall vest in the members that have contributed to the authority in proportion to their respective contributions.\n\n","order_by":null,"text":{"0":{"id":1341243,"text":"A member of the authority may withdraw from the authority only upon dissolution of the authority as set forth herein. Whenever the board determines that the purpose for which the authority was created has been substantially fulfilled or is impractical or impossible to accomplish 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 such 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 such authority at the time of such dissolution shall vest in the members that have contributed to the authority in proportion to their respective contributions.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51547,"edition_id":2,"name":"New River Valley Passenger Rail Station Authority","identifier":"38","label":"chapter","depth":3,"order_by":16,"parent_id":51501,"metadata":{"child_laws":17,"child_structures":0},"date_created":"2026-08-02 02:43:54","date_modified":"2026-08-02 12:32:39","permalink":{"id":1434891,"object_type":"structure","relational_id":51547,"identifier":"38","token":"33.2\/IV\/38","url":"\/33.2\/IV\/38\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51501,"edition_id":2,"name":"Local and Regional Transportation","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":51472,"metadata":{"child_laws":237,"child_structures":33},"date_created":"2026-08-02 02:43:05","date_modified":"2026-08-02 12:32:35","permalink":{"id":1433945,"object_type":"structure","relational_id":51501,"identifier":"IV","token":"33.2\/IV","url":"\/33.2\/IV\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51472,"edition_id":2,"name":"Highways and Other Surface Transportation Systems","identifier":"33.2","label":"title","depth":1,"order_by":77,"parent_id":null,"metadata":{"child_laws":749,"child_structures":88},"date_created":"2026-08-02 02:42:40","date_modified":"2026-08-02 12:32:28","permalink":{"id":1431787,"object_type":"structure","relational_id":51472,"identifier":"33.2","token":"33.2","url":"\/33.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":360368,"structure_id":51547,"section_number":"33.2-3800","catch_line":"Definitions","url":"\/33.2-3800\/","token":"33.2\/IV\/38\/33.2-3800","metadata":false},{"id":360369,"structure_id":51547,"section_number":"33.2-3801","catch_line":"Findings; purpose; governmental function","url":"\/33.2-3801\/","token":"33.2\/IV\/38\/33.2-3801","metadata":false},{"id":360370,"structure_id":51547,"section_number":"33.2-3802","catch_line":"Creation of the authority","url":"\/33.2-3802\/","token":"33.2\/IV\/38\/33.2-3802","metadata":false},{"id":360371,"structure_id":51547,"section_number":"33.2-3803","catch_line":"Board of the authority","url":"\/33.2-3803\/","token":"33.2\/IV\/38\/33.2-3803","metadata":false},{"id":360372,"structure_id":51547,"section_number":"33.2-3804","catch_line":"Office of authority; title to property","url":"\/33.2-3804\/","token":"33.2\/IV\/38\/33.2-3804","metadata":false},{"id":360373,"structure_id":51547,"section_number":"33.2-3805","catch_line":"Powers of the authority","url":"\/33.2-3805\/","token":"33.2\/IV\/38\/33.2-3805","metadata":false},{"id":360374,"structure_id":51547,"section_number":"33.2-3806","catch_line":"Donations to authority; remittance of tax revenue","url":"\/33.2-3806\/","token":"33.2\/IV\/38\/33.2-3806","metadata":false},{"id":360375,"structure_id":51547,"section_number":"33.2-3807","catch_line":"Revenue sharing agreements","url":"\/33.2-3807\/","token":"33.2\/IV\/38\/33.2-3807","metadata":false},{"id":360376,"structure_id":51547,"section_number":"33.2-3808","catch_line":"Applicability of land use regulations","url":"\/33.2-3808\/","token":"33.2\/IV\/38\/33.2-3808","metadata":false},{"id":360377,"structure_id":51547,"section_number":"33.2-3809","catch_line":"Bond issues; contesting validity of bonds","url":"\/33.2-3809\/","token":"33.2\/IV\/38\/33.2-3809","metadata":false},{"id":360378,"structure_id":51547,"section_number":"33.2-3810","catch_line":"Investment in bonds","url":"\/33.2-3810\/","token":"33.2\/IV\/38\/33.2-3810","metadata":false},{"id":360379,"structure_id":51547,"section_number":"33.2-3811","catch_line":"Bonds exempt from taxation","url":"\/33.2-3811\/","token":"33.2\/IV\/38\/33.2-3811","metadata":false},{"id":360380,"structure_id":51547,"section_number":"33.2-3812","catch_line":"Tax revenues of the Commonwealth or any other political subdivisions not pledged","url":"\/33.2-3812\/","token":"33.2\/IV\/38\/33.2-3812","metadata":false},{"id":360381,"structure_id":51547,"section_number":"33.2-3813","catch_line":"Forms of accounts and records; audit of same","url":"\/33.2-3813\/","token":"33.2\/IV\/38\/33.2-3813","metadata":false},{"id":360382,"structure_id":51547,"section_number":"33.2-3814","catch_line":"Tort liability","url":"\/33.2-3814\/","token":"33.2\/IV\/38\/33.2-3814","metadata":false},{"id":360383,"structure_id":51547,"section_number":"33.2-3815","catch_line":"Dissolution of authority","url":"\/33.2-3815\/","token":"33.2\/IV\/38\/33.2-3815","metadata":false},{"id":360384,"structure_id":51547,"section_number":"33.2-3816","catch_line":"Chapter liberally construed","url":"\/33.2-3816\/","token":"33.2\/IV\/38\/33.2-3816","metadata":false}],"previous_section":{"id":360382,"structure_id":51547,"section_number":"33.2-3814","catch_line":"Tort liability","url":"\/33.2-3814\/","token":"33.2\/IV\/38\/33.2-3814","metadata":false},"next_section":{"id":360384,"structure_id":51547,"section_number":"33.2-3816","catch_line":"Chapter liberally construed","url":"\/33.2-3816\/","token":"33.2\/IV\/38\/33.2-3816","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-3815\/","history_text":false,"references":false,"refers_to":false,"permalink":{"id":1434953,"object_type":"law","relational_id":360383,"identifier":"33.2-3815","token":"33.2\/IV\/38\/33.2-3815","url":"\/33.2-3815\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/33.2-3815\/","token":"33.2\/IV\/38\/33.2-3815","dublin_core":{"Title":"Dissolution of authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-3815","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>A member of the <span class=\"dictionary\">authority<\/span> may withdraw from the <span class=\"dictionary\">authority<\/span> only upon dissolution of the <span class=\"dictionary\">authority<\/span> as set forth herein. Whenever the <span class=\"dictionary\">board<\/span> determines that the purpose for which the <span class=\"dictionary\">authority<\/span> was created has been substantially fulfilled or is impractical or impossible to accomplish and that all obligations incurred by the <span class=\"dictionary\">authority<\/span> 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 <span class=\"dictionary\">board<\/span> may adopt resolutions declaring and <span class=\"dictionary\">finding<\/span> that the <span class=\"dictionary\">authority<\/span> shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving such <span class=\"dictionary\">authority<\/span> may be introduced in the General Assembly. The dissolution of the <span class=\"dictionary\">authority<\/span> shall become effective according to the terms of such legislation. The title to all funds and other property owned by such <span class=\"dictionary\">authority<\/span> at the time of such dissolution shall vest in the <span class=\"dictionary\">members<\/span> that have contributed to the <span class=\"dictionary\">authority<\/span> in proportion to their respective contributions.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDISSOLUTION OF AUTHORITY (\u00a7 33.2-3815)\n\nA member of the authority may withdraw from the authority only upon dissolution\nof the authority as set forth herein. Whenever the board determines that the\npurpose for which the authority was created has been substantially fulfilled or\nis impractical or impossible to accomplish and that all obligations incurred by\nthe authority have been paid or that cash or a sufficient amount of United\nStates government securities has been deposited for their payment, or provisions\nsatisfactory for the timely payment of all its outstanding obligations have been\narranged, the board may adopt resolutions declaring and finding that the\nauthority shall be dissolved. Appropriate attested copies of such resolutions\nshall be delivered to the Governor so that legislation dissolving such authority\nmay be introduced in the General Assembly. The dissolution of the authority\nshall become effective according to the terms of such legislation. The title to\nall funds and other property owned by such authority at the time of such\ndissolution shall vest in the members that have contributed to the authority in\nproportion to their respective contributions.\n\nHISTORY: 2021, Sp. Sess. I, cc. 353, 354.","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"}}