{"data":{"id":"us-va/va.-code-15.2-2700","jurisdiction":"us-va","citation":"Va. Code § 15.2-2700","heading":"Declaration of policy, findings and purpose","body":"The General Assembly hereby finds and determines that insurance protection is essential to the proper functioning of political subdivisions; that the resources of political subdivisions are burdened by the high cost of and frequent inability to secure such protection through standard carriers; that proper risk management requires the spreading of risk so as to minimize fluctuation in insurance needs; and that, therefore, all contributions of financial and administrative resources made by a political subdivision pursuant to an intergovernmental contract as authorized by this chapter are made for a public and governmental purpose, and that such contributions benefit each contributing political subdivision.1986, cc. 520, 556, § 15.1-503.4:1; 1997, c. 587.","path":["Title 15.2. COUNTIES, CITIES AND TOWNS","Subtitle II. POWERS OF LOCAL GOVERNMENT","Chapter 27. LOCAL GOVERNMENT GROUP SELF-INSURANCE POOLS"],"source_url":"https://law.lis.virginia.gov/vacode/15.2-2700/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:19Z","sha256":"ec916e1ef97722fb1b6c49ecc2f549ef214eed14f20211d4b65292f9e572ecc8","source_id":"us-va","stale":true,"prev":"us-va/va.-code-15.2-2663","next":"us-va/va.-code-15.2-2701"},"notice":"GroundRules: Original legal text. Not legal advice."}