Virginia Regional Industrial Facilities Act (Virginia)
Last modified on February 12, 2015.
|Applies to States or Provinces||Virginia|
|Name||Virginia Regional Industrial Facilities Act (Virginia)|
|Policy Category||Financial Incentive, Other Policy|
|Policy Type||Industry Recruitment/Support|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| Local
|Applicable Jurisdiction|| Local authorities and municipalities.
|Last Review|| 2014-09-15
The Virginia Regional Industrial Facilities Act is meant to aid the economic development of localities within the Commonwealth. The Act provides a mechanism for localities to establish regional industrial facility authorities, enabling them to pool financial resources to stimulate economic development. The purpose of a regional industrial facility authority is to enhance the economic base for the member localities by developing, owning, and operating one or more facilities on a cooperative basis involving its member localities.
|Department|| Regional Industrial Facility Authorities
Authorities (Please contact the if there are any file problems.)
|Authority 1:|| Va. Code 15.2-6400 through 15.2-6416