{"data":{"id":"us-va/va.-code-15.2-5517","jurisdiction":"us-va","citation":"Va. Code § 15.2-5517","heading":"One or more localities may create authority","body":"The governing body of a locality may by ordinance or resolution, or the governing bodies of two or more localities may by concurrent ordinances or resolutions or by agreement, create a tourism financing development authority for the purpose of supporting tourism infrastructure in localities. The name of the authority shall contain the word \"authority.\" The authority shall be a public body politic and corporate. Any such locality that levies a transient occupancy tax pursuant to § 58.1-3819 shall designate any excess over two percent to be used for purposes of the authority except such revenues that are otherwise encumbered by the locality.2007, c. 864.","path":["Title 15.2. COUNTIES, CITIES AND TOWNS","Subtitle IV. OTHER GOVERNMENTAL ENTITIES","Chapter 55.2. TOURISM FINANCING DEVELOPMENT AUTHORITY ACT"],"source_url":"https://law.lis.virginia.gov/vacode/15.2-5517/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:19Z","sha256":"6ddbf54ae116caf638316df6d97e9a8f51593f91beb7e2904a119d5471944184","source_id":"us-va","stale":true,"prev":"us-va/va.-code-15.2-5516","next":"us-va/va.-code-15.2-5518"},"notice":"GroundRules: Original legal text. Not legal advice."}