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Va. Code Ann. § 15.2-4907

Fiscal impact statement

Known as the Industrial Development and Revenue Bond Act

The act spans §§ 15–15 (21 sections).

1983, c. 514, § 15.1-1378.2; 1997, c. 587; 1998, c. 728; 2023, c. 130.

An authority may require any request for private activity bond financing when submitted to the authority to be accompanied by a statement in the following form, but the absence of any such form shall not affect the validity of a private activity bond:

________________

Date

_________________

(Name of Applicant)

_________________

(Facility)

a1. Maximum amount of financing sought$____

b2. Estimated taxable value of the facility’s real property to be constructed in the locality$____

c3. Estimated real property tax per year using present tax rates$____

d4. Estimated personal property tax per year using present tax rates$____

e5. Estimated merchants’ capital tax per year using present tax rates$____

f6. a. Estimated dollar value per year of goods that will be purchased from Virginia companies within the locality$____

gb. Estimated dollar value per year of goods that will be purchased from non-Virginia companies within the locality$____

hc. Estimated dollar value per year of services that will be purchased from Virginia companies within the locality$____

id. Estimated dollar value per year of services that will be purchased from non-Virginia companies within the locality$____

j7. Estimated number of regular employees on year round basis$____

k8. Average annual salary per employee$____

Signature

____________________

Authority Chairman

_____________________

Name of Authority

If one or more of the above questions do not apply to the facility indicate by writing N/A (not applicable) on the appropriate line.

The provisions of this section shall not apply to bonds, notes or other obligations issued pursuant to hearings held and governmental approvals obtained prior to the effective date of this act in compliance with federal law or regulation.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.