{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/62.1-241.2.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/62.1-241.2.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/62.1-241.2.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/62.1-241.2.html"}],"law_id":374888,"edition_id":2,"section_id":374888,"structure_id":53301,"section_number":"62.1-241.2","catch_line":"Creation and management of Fund","history":"1992, c. 378.","full_text":"There shall be set apart as a permanent and perpetual fund, to be known as the “Virginia Solid Waste or Recycling Revolving Fund,” sums appropriated to the Fund by the General Assembly, all receipts by the Fund from loans made by it to local governments, all income from the investment of moneys held in the Fund, and any other sums designated for deposit to the Fund from any source public or private. The Fund shall be administered and managed by the Authority as prescribed in this chapter, subject to the right of the Board, following consultation with the Authority, to direct the distribution of loans or grants from the Fund to particular local governments and to establish the interest rates and repayment terms of such loans as provided in this chapter. In order to carry out the administration and management of the Fund, the Authority is granted the power to employ officers, employees, agents, advisers and consultants, including, without limitation, attorneys, financial advisers, engineers and other technical advisers and public accountants and, the provisions of any other law to the contrary notwithstanding, to determine their duties and compensation without the approval of any other agency or instrumentality. The Authority may disburse from the Fund its reasonable costs and expenses incurred in the administration and management of the Fund and a reasonable fee to be approved by the Board for its management services.\n\n","order_by":null,"text":{"0":{"id":1399191,"text":"There shall be set apart as a permanent and perpetual fund, to be known as the “Virginia Solid Waste or Recycling Revolving Fund,” sums appropriated to the Fund by the General Assembly, all receipts by the Fund from loans made by it to local governments, all income from the investment of moneys held in the Fund, and any other sums designated for deposit to the Fund from any source public or private. The Fund shall be administered and managed by the Authority as prescribed in this chapter, subject to the right of the Board, following consultation with the Authority, to direct the distribution of loans or grants from the Fund to particular local governments and to establish the interest rates and repayment terms of such loans as provided in this chapter. In order to carry out the administration and management of the Fund, the Authority is granted the power to employ officers, employees, agents, advisers and consultants, including, without limitation, attorneys, financial advisers, engineers and other technical advisers and public accountants and, the provisions of any other law to the contrary notwithstanding, to determine their duties and compensation without the approval of any other agency or instrumentality. The Authority may disburse from the Fund its reasonable costs and expenses incurred in the administration and management of the Fund and a reasonable fee to be approved by the Board for its management services.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53301,"edition_id":2,"name":"Virginia Solid Waste or Recycling Revolving Fund","identifier":"23.1","label":"chapter","depth":2,"order_by":41,"parent_id":53275,"metadata":{"child_laws":12,"child_structures":0},"date_created":"2026-08-02 03:14:33","date_modified":"2026-08-02 12:36:55","permalink":{"id":1495923,"object_type":"structure","relational_id":53301,"identifier":"23.1","token":"62.1\/23.1","url":"\/62.1\/23.1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53275,"edition_id":2,"name":"Waters of the State, Ports and Harbors","identifier":"62.1","label":"title","depth":1,"order_by":132,"parent_id":null,"metadata":{"child_laws":578,"child_structures":74},"date_created":"2026-08-02 03:14:05","date_modified":"2026-08-02 12:36:41","permalink":{"id":1495201,"object_type":"structure","relational_id":53275,"identifier":"62.1","token":"62.1","url":"\/62.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":374884,"structure_id":53301,"section_number":"62.1-241.1","catch_line":"Definitions","url":"\/62.1-241.1\/","token":"62.1\/23.1\/62.1-241.1","metadata":false},{"id":374885,"structure_id":53301,"section_number":"62.1-241.10","catch_line":"Liberal construction of chapter","url":"\/62.1-241.10\/","token":"62.1\/23.1\/62.1-241.10","metadata":false},{"id":374888,"structure_id":53301,"section_number":"62.1-241.2","catch_line":"Creation and management of Fund","url":"\/62.1-241.2\/","token":"62.1\/23.1\/62.1-241.2","metadata":false},{"id":374889,"structure_id":53301,"section_number":"62.1-241.3","catch_line":"Deposit of money; expenditures; investments","url":"\/62.1-241.3\/","token":"62.1\/23.1\/62.1-241.3","metadata":false},{"id":374890,"structure_id":53301,"section_number":"62.1-241.4","catch_line":"Annual audit","url":"\/62.1-241.4\/","token":"62.1\/23.1\/62.1-241.4","metadata":false},{"id":374891,"structure_id":53301,"section_number":"62.1-241.5","catch_line":"Collection of money due Fund","url":"\/62.1-241.5\/","token":"62.1\/23.1\/62.1-241.5","metadata":false},{"id":374892,"structure_id":53301,"section_number":"62.1-241.6","catch_line":"Loans to local governments","url":"\/62.1-241.6\/","token":"62.1\/23.1\/62.1-241.6","metadata":false},{"id":374893,"structure_id":53301,"section_number":"62.1-241.7","catch_line":"Grants to local governments","url":"\/62.1-241.7\/","token":"62.1\/23.1\/62.1-241.7","metadata":false},{"id":374894,"structure_id":53301,"section_number":"62.1-241.8","catch_line":"Loans and grants for regional projects, etc","url":"\/62.1-241.8\/","token":"62.1\/23.1\/62.1-241.8","metadata":false},{"id":374895,"structure_id":53301,"section_number":"62.1-241.9","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/62.1-241.9\/","token":"62.1\/23.1\/62.1-241.9","metadata":false},{"id":374896,"structure_id":53301,"section_number":"62.1-241.9:1","catch_line":"Sale of loans","url":"\/62.1-241.9_1\/","token":"62.1\/23.1\/62.1-241.9_1","metadata":false},{"id":374897,"structure_id":53301,"section_number":"62.1-241.9:2","catch_line":"Powers of the Authority","url":"\/62.1-241.9_2\/","token":"62.1\/23.1\/62.1-241.9_2","metadata":false}],"previous_section":{"id":374885,"structure_id":53301,"section_number":"62.1-241.10","catch_line":"Liberal construction of chapter","url":"\/62.1-241.10\/","token":"62.1\/23.1\/62.1-241.10","metadata":false},"next_section":{"id":374889,"structure_id":53301,"section_number":"62.1-241.3","catch_line":"Deposit of money; expenditures; investments","url":"\/62.1-241.3\/","token":"62.1\/23.1\/62.1-241.3","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/62.1-241.2\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 378 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 1992 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":1495933,"object_type":"law","relational_id":374888,"identifier":"62.1-241.2","token":"62.1\/23.1\/62.1-241.2","url":"\/62.1-241.2\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/62.1-241.2\/","token":"62.1\/23.1\/62.1-241.2","dublin_core":{"Title":"Creation and management of Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 62.1-241.2","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

There shall be set apart as a permanent and perpetual fund<\/span>, to be known as the “Virginia Solid Waste or Recycling Revolving Fund<\/span>,” sums appropriated to the Fund<\/span> by the General Assembly, all receipts by the Fund<\/span> from loans made by it to local governments<\/span>, all income from the investment of moneys held in the Fund<\/span>, and any other sums designated for deposit to the Fund<\/span> from any source public or private. The Fund<\/span> shall be administered and managed by the Authority<\/span> as prescribed in this chapter, subject to the right of the Board<\/span>, following consultation with the Authority<\/span>, to direct the distribution of loans or grants from the Fund<\/span> to particular local governments<\/span> and to establish the interest rates and repayment terms of such loans as provided in this chapter. In order<\/span> to carry out the administration and management of the Fund<\/span>, the Authority<\/span> is granted the power to employ officers, employees, agents, advisers and consultants, including, without limitation, attorneys, financial advisers, engineers and other technical advisers and public accountants and, the provisions of any other law<\/span> to the contrary notwithstanding, to determine their duties and compensation without the approval of any other agency or instrumentality. The Authority<\/span> may disburse from the Fund<\/span> its reasonable costs and expenses incurred in the administration and management of the Fund<\/span> and a reasonable fee to be approved by the Board<\/span> for its management services.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCREATION AND MANAGEMENT OF FUND (\u00a7 62.1-241.2)\n\nThere shall be set apart as a permanent and perpetual fund, to be known as the\n“Virginia Solid Waste or Recycling Revolving Fund,” sums\nappropriated to the Fund by the General Assembly, all receipts by the Fund from\nloans made by it to local governments, all income from the investment of moneys\nheld in the Fund, and any other sums designated for deposit to the Fund from any\nsource public or private. The Fund shall be administered and managed by the\nAuthority as prescribed in this chapter, subject to the right of the Board,\nfollowing consultation with the Authority, to direct the distribution of loans\nor grants from the Fund to particular local governments and to establish the\ninterest rates and repayment terms of such loans as provided in this chapter. In\norder to carry out the administration and management of the Fund, the Authority\nis granted the power to employ officers, employees, agents, advisers and\nconsultants, including, without limitation, attorneys, financial advisers,\nengineers and other technical advisers and public accountants and, the\nprovisions of any other law to the contrary notwithstanding, to determine their\nduties and compensation without the approval of any other agency or\ninstrumentality. The Authority may disburse from the Fund its reasonable costs\nand expenses incurred in the administration and management of the Fund and a\nreasonable fee to be approved by the Board for its management services.\n\nHISTORY: 1992, c. 378.","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"}}