§ 15.2-6311. Authorities may borrow money, accept contributions, etc
In addition to the powers conferred upon an authority by other provisions of this chapter, an authority is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government; the Commonwealth; any locality or political subdivision; or any agency or instrumentality thereof; or from any source, public or private, for or in aid of any project of the authority, and to these ends, to comply with such conditions and enter into such mortgages, trust indentures, leases or agreements as may be necessary, convenient or desirable.
(Code 1950, § 15-949; 1954, c. 645; 1962, c. 623, § 15.1-1332; 1996, c. 740; 1997, c. 587.)
Sections: Previous 15.2-6305 15.2-6306 15.2-6307 15.2-6308 15.2-6308.1 15.2-6309 15.2-6310 15.2-6311 15.2-6312 15.2-6313 15.2-6314 15.2-6314.1 15.2-6315 15.2-6316 15.2-6317 NextLast modified: April 2, 2009