Virginia § 45.2-1723 (Effective until July 1, 2029) Declaration of public purpose; exemption from taxation

Virginia Statutes

§ 45.2-1723 — (Effective until July 1, 2029) Declaration of public purpose; exemption from taxation

Virginia § 45.2-1723

JurisdictionVirginia

Title 45.2Mines, Minerals, and Energy

Subtitle VOther Sources of Energy; Energy Policy

Ch. 17Other Sources of Energy Generally; Energy Policy

Art. 6Southwest Virginia Energy Research and Development Authority

This text of Virginia § 45.2-1723 ((Effective until July 1, 2029) Declaration of public purpose; exemption from taxation) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 45.2-1723 (2026).

Text

A.The exercise of the powers granted by this article shall be in all respects for the benefit of the citizens of the Commonwealth and for the promotion of their welfare, convenience, and prosperity.

B.The Authority shall be deemed to be performing an essential governmental function in the exercise of the powers conferred upon it by this article, and the property of the Authority and its income and operations shall be exempt from taxation or assessments upon any property acquired or used by the Authority under the provisions of this article.

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A. The exercise of the powers granted by this article shall be in all respects for the benefit of the citizens of the Commonwealth and for the promotion of their welfare, convenience, and prosperity.

B. The Authority shall be deemed to be performing an essential governmental function in the exercise of the powers conferred upon it by this article, and the property of the Authority and its income and operations shall be exempt from taxation or assessments upon any property acquired or used by the Authority under the provisions of this article.