The Foundation, acting by and through the corporation authorized by § 23.1-3207, may contract debts and obligations to the extent of its anticipated revenues. Such debts and obligations shall be paid only from the revenues of the Foundation.
Va. Code Ann. § 23.1-3209
Authority to contract debts and obligations payable from revenues
1998, c. 786, § 23-290; 2016, c. 588.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.