Code of Virginia - Title 36 Housing - Chapter 9 Virginia Housing Partnership Revolving Fund
- 36-141 Definitions
As used in this chapter, unless the context requires a different meaning: "Board" means the Board of Housing and Community Development. "Fund" means the Virginia ...
- 36-142 Creation and management of Fund
There shall be set apart as a permanent and perpetual fund, to be known as the "Virginia Housing Partnership Revolving Fund," sums appropriated to the ...
- 36-143 Deposit of money; expenditures; investments
All money belonging to the Fund shall be deposited in an account or accounts in banks or trust companies organized under the laws of the ...
- 36-144 Annual audit
An independent certified public accountant selected by the HDA, shall annually audit the accounts of the Fund, and the cost of such audit services shall ...
- 36-145 Collection of money due Fund
The HDA is empowered to collect, or to authorize others to collect on its behalf, amounts due to the Fund under any loan to a ...
- 36-146 Loans
Except as otherwise provided in this chapter, money in the Fund shall be used to make loans to housing sponsors and to persons and families ...
- 36-147 Grants
Subject to any restrictions which may apply to the use of money in the Fund, the Board in its discretion may approve the use of ...
- 36-148 Pledge of assets to secure bonds of the HDA
The HDA is empowered at any time and from time to time to transfer, upon the direction of the Director of the Department of Housing ...
- 36-148.1 Authorization of funding from HDA
The HDA and the Department of Housing and Community Development, on behalf of the Fund, may enter into agreements whereby the Fund may obtain funding ...
- 36-149 Formation of corporation
For the purposes set forth in §§ 36-141 through 36-148, the HDA may form a corporation to administer and manage the Fund in accordance with ...
- 36-150 Reports
On or before September 30 of each year, the HDA shall report to the Board on the status of the Fund. On or before December ...
- 36-151 Liberal construction of chapter
The provisions of this chapter shall be liberally construed to the end that its beneficial purposes may be effectuated. Insofar as the provisions of this ...
Last modified: April 3, 2009