Code of Virginia - Title 2.2 Administration Of Government - Section 2.2-2296 How bonds paid and secured

§ 2.2-2296. How bonds paid and secured

Except as may otherwise be expressly provided by the Authority in proceedings relating to a particular issue of bonds, every issue of its bonds shall be payable solely out of any revenues of the Authority. The bonds additionally may be secured by a pledge of any grant, contribution or guarantee from the federal government or any person or a pledge by the Authority of any revenues from any source.

(1984, c. 749, § 9-220; 2001, c. 844.)

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Last modified: April 2, 2009