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.
Va. Code Ann. § 2.2-2296
How bonds paid and secured
Known as the Virginia Small Business Financing Act
The act spans §§ 2–2 (38 sections).
1984, c. 749, § 9-220; 2001, c. 844.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.