Code of Virginia - Title 23 Educational Institutions - Section 23-67 Payment of interest on debt of University; sinking fund

§ 23-67. Payment of interest on debt of University; sinking fund

Out of the appropriation made by the General Assembly for the support of the University of Virginia, there shall be first set apart, annually, a sum sufficient to pay the interest accruing on the existing interest-bearing debt of the University, except as provided in § 23-21, and to constitute a sinking fund for the liquidation of the principal of the same; and such sum shall be applied to no other purpose or object whatever.

(Code 1919, § 820.)

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Last modified: April 16, 2009