Code of Virginia (Last Updated:July 28, 2020) |
TITLE 2.2. Administration of Government |
SUBTITLE I. Organization of State Government |
PART D. State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies |
CHAPTER 22. Authorities |
ARTICLE 7. Virginia Small Business Financing Authority |
SECTION 2.2-2296. How bonds paid and secured |
Except as may otherwise be expressly provided by the Authority in proceedings relating to a particular issue of bonds, every issue of its bonds shall be payable solely out of any revenues of the Authority. The bonds additionally may be secured by a pledge of any grant, contribution or guarantee from the federal government or any person or a pledge by the Authority of any revenues from any source. 1984, c. 749, § 9-220; 2001, c. 844 . |