Virginia Small Business Financing Act

Sections covered

• Va. Code Ann. § 2.2-2279Short title; definitions
• Va. Code Ann. § 2.2-2280Declaration of public purpose; Authority created
• Va. Code Ann. § 2.2-2281Construction of article
• Va. Code Ann. § 2.2-2282Board of directors; membership; terms, compensation and expenses; chairman, vice-chairman, secretary and treasurer; quorum; staff
• Va. Code Ann. § 2.2-2283Meetings of the Board
• Va. Code Ann. § 2.2-2284Executive Director; appointment; duties
• Va. Code Ann. § 2.2-2285Powers of the Authority
• Va. Code Ann. § 2.2-2286Power to condemn
• Va. Code Ann. § 2.2-2287Power to borrow money and issue bonds
• Va. Code Ann. § 2.2-2288Power to issue bonds to purchase ninety percent guaranteed portion of loans
• Va. Code Ann. § 2.2-2289Power to issue umbrella bonds
• Va. Code Ann. § 2.2-2290Insurance or guarantee fund
• Va. Code Ann. § 2.2-2291Security for bonds; fees and expenses; limitations
• Va. Code Ann. § 2.2-2292Public hearing and approval
• Va. Code Ann. § 2.2-2293Loans to lenders; conditions
• Va. Code Ann. § 2.2-2294Investment in, purchase or assignment of loans; conditions
• Va. Code Ann. § 2.2-2295Regulations of the Authority
• Va. Code Ann. § 2.2-2296How bonds paid and secured
• Va. Code Ann. § 2.2-2297Liability of Commonwealth, political subdivisions and members of Board
• Va. Code Ann. § 2.2-2298Authorization of bonds by resolution; contents of bond sale; manner
• Va. Code Ann. § 2.2-2299Resolution authorizing issuance of bonds; provisions
• Va. Code Ann. § 2.2-2300Pledge by Authority
• Va. Code Ann. § 2.2-2301Purchase of bonds of Authority
• Va. Code Ann. § 2.2-2302Bonds secured by indenture; contents; expenses; how treated
• Va. Code Ann. § 2.2-2303Signatures of prior members or officers; validity
• Va. Code Ann. § 2.2-2304Deposit of money; expenditures; security for deposits
• Va. Code Ann. § 2.2-2305Contracts with holders of bonds; how money secured
• Va. Code Ann. § 2.2-2306Bondholder protection
• Va. Code Ann. § 2.2-2307Bonds as legal investments and securities
• Va. Code Ann. § 2.2-2308Expenses of Authority; liability of Commonwealth or political subdivision prohibited
• Va. Code Ann. § 2.2-2309Creation, administration, and management of Virginia Export Fund
• Va. Code Ann. § 2.2-2310Creation, administration, and management of Virginia Small Business Growth Fund
• Va. Code Ann. § 2.2-2311Repealed
• Va. Code Ann. § 2.2-2311.1Creation, administration, and management of the Small, Women-owned, and Minority-owned Business Loan Fund
• Va. Code Ann. § 2.2-2312Annual report; audit
• Va. Code Ann. § 2.2-2312.1Risk-based review of outstanding loans; report
• Va. Code Ann. § 2.2-2313Exemption from taxation
• Va. Code Ann. § 2.2-2314Administrative Process Act not applicable