Code of Virginia - Title 62.1 Waters Of The State, Ports And Harbors - Chapter 23 Virginia Water Supply Revolving Fund

• 62.1-233 Definitions
  As used in this chapter, unless a different meaning clearly appears from the context: "Authority" means the Virginia Resources Authority created in Chapter 21 (§ ...
• 62.1-234 Creation and management of Fund
  A. There shall be set apart as a permanent and perpetual fund, to be known as the "Virginia Water Supply Revolving Fund," sums appropriated to ...
• 62.1-235 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 ...
• 62.1-236 Annual audit
  The Auditor of Public Accounts, or his legally authorized representatives, shall annually audit the accounts of the Authority, and the cost of such audit services ...
• 62.1-237 Collection of money due Fund
  The Authority is empowered to collect, or to authorize others to collect on its behalf, amounts due to the Fund under any loan to a ...
• 62.1-238 Loans to local governments or other entities
  Money in the Fund shall be used solely to make loans or loan subsidies to local governments or other entities to finance or refinance the ...
• 62.1-239 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 ...
• 62.1-239.1 Loans, loan subsidies, and grants for regional projects, etc
  In approving loans and grants, the Board shall give preference to loans, loan subsidies and grants for projects that will (i) utilize private industry in ...
• 62.1-240 Pledge of loans to secure bonds of Authority
  The Authority is empowered at any time and from time to time to transfer from the Fund to banks or trust companies designated by the ...
• 62.1-240.1 Sale of loans
  The Authority is empowered at any time and from time to time to sell, upon such terms and conditions as the Authority shall deem appropriate, ...
• 62.1-240.2 Powers of the Authority
  The Authority is authorized to do any act necessary or convenient to the exercise of the powers granted in this chapter or reasonably implied thereby. ...
• 62.1-241 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