Virginia § 15.2-4907 - Fiscal impact statement
Full text of Virginia Code of Virginia § 15.2-4907 — Fiscal impact statement, with citation guidance and answers to common questions.
§ 15.2-4907. Fiscal impact statement
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)
| a | 1. Maximum amount of financing sought | $____ |
| b | 2. Estimated taxable value of the facility’s real property to be constructed in the locality | $____ |
| c | 3. Estimated real property tax per year using present tax rates | $____ |
| d | 4. Estimated personal property tax per year using present tax rates | $____ |
| e | 5. Estimated merchants’ capital tax per year using present tax rates | $____ |
| f | 6. a. Estimated dollar value per year of goods that will be purchased from Virginia companies within the locality | $____ |
| g | b. Estimated dollar value per year of goods that will be purchased from non-Virginia companies within the locality | $____ |
| h | c. Estimated dollar value per year of services that will be purchased from Virginia companies within the locality | $____ |
| i | d. Estimated dollar value per year of services that will be purchased from non-Virginia companies within the locality | $____ |
| j | 7. Estimated number of regular employees on year round basis | $____ |
| k | 8. 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.
1983, c. 514, § 15.1-1378.2; 1997, c. 587; 1998, c. 728; 2023, c. 130.
Frequently Asked Questions About Virginia § 15.2-4907
What does Code of Virginia § 15.2-4907 cover?
Section 15.2-4907 ("Fiscal impact statement") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 15.2-4907?
A common citation format is "Code of Virginia § 15.2-4907" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 15.2-4907 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.