Virginia Code 37.2-317: Definitions.
As used in this article, unless the context requires a different meaning:
Terms Used In Virginia Code 37.2-317
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Assets: means the buildings and land of state facilities operated by the Department. See Virginia Code 37.2-317
- Department: means the Department of Behavioral Health and Developmental Services. See Virginia Code 37.2-100
- Developmental services: means planned, individualized, and person-centered services and supports provided to individuals with developmental disabilities for the purpose of enabling these individuals to increase their self-determination and independence, obtain employment, participate fully in all aspects of community life, advocate for themselves, and achieve their fullest potential to the greatest extent possible. See Virginia Code 37.2-100
- Fund: means the Behavioral Health and Developmental Services Trust Fund. See Virginia Code 37.2-317
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
- state agency: means the same as that term is defined in § Virginia Code 1-206
“Assets” means the buildings and land of state facilities operated by the Department.
“Fund” means the Behavioral Health and Developmental Services Trust Fund.
“Net proceeds” means the gross amount received by the seller on account of the sale of any assets (i) less costs incurred on behalf of the seller in connection with such sale and (ii), if after the sale the sold assets will be used by an entity other than a state agency or instrumentality or a local governmental entity in a governmental activity and debt obligations financed any portion of the sold assets and any amount of such obligations is outstanding at the time of the sale, less the amount necessary to provide for the payment or redemption of the portion of such outstanding obligations that financed the sold assets, which amount shall be used to pay or redeem such obligations or shall be transferred to the third party issuer of the obligations for a use permitted in accordance with such obligations.
2000, cc. 569, 606, § 2.1-812; 2001, c. 844, § 37.1-258; 2002, c. 803; 2005, c. 716; 2009, cc. 813, 840.