Code of Virginia - Title 23 Educational Institutions - Chapter 3 Bonds And Other Obligations
- 23-14 Certain educational institutions declared governmental instrumentalities; powers vested in majorit...
The College of William and Mary in Virginia, at Williamsburg; Richard Bland College of the College of William and Mary at Dinwiddie and Prince George; ...
- 23-15 Definitions
Whenever as used in this chapter, unless a different meaning clearly appears from the context: "Institution" means any educational institution referred to in § 23-14 ...
- 23-16 Powers of institutions
In addition to any powers to sue and be sued heretofore conferred upon it, every institution shall have power, in its proper corporate name and ...
- 23-17 Purposes of institutions to acquire, install, modify, and erect projects
In addition to any other purposes provided by law or otherwise, the purpose of every institution shall be to acquire, install, modify, and erect any ...
- 23-18 Consent of Governor to acquisition, erection or refinancing of project; borrowing money and issuin...
The consent of the Governor being first had and obtained, every institution shall have power and is hereby authorized and empowered to acquire by purchase, ...
- 23-19 Amount of bonds; purposes; resolutions; Treasury Board to be paying agent and to approve terms and ...
(a) Every institution shall have power and is hereby authorized and empowered from time to time to execute its bonds in such aggregate principal amount ...
- 23-20 Remedies of holders of bonds; powers of trustee representing holders
(a) The provisions of this section shall be applicable to an issue of bonds only if the resolution or resolutions authorizing such bonds shall provide ...
- 23-20.1 Bonds mutilated, lost or destroyed
Should any bond issued by an institution become mutilated or be lost or destroyed, the board may cause a new bond of like date, number ...
- 23-21 Proceeds of bonds and revenues to be paid into state treasury; disposition
All moneys derived from the sale of bonds pursuant to § 23-19 and all revenues derived from any one or more of the sources mentioned ...
- 23-22 Accounts to be kept by boards
The board of every institution shall keep and preserve complete and accurate accounts of all sums of money received and disbursed in connection with the ...
- 23-23 Bonds as legal investments
Any bonds issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and ...
- 23-24 Prohibition against obligating Commonwealth
The bonds and other obligations of an institution shall not be in any way a debt of the Commonwealth and shall not create or constitute ...
- 23-25 Exemptions from taxation
The acquisition, erection, leasing, operation and maintenance of any project authorized by this chapter are in all respects for the benefit of the people of ...
- 23-26 Commonwealth not to limit revenues of institutions
The Commonwealth of Virginia does pledge to and agree with the holders of the bonds issued by any institution that the Commonwealth will not limit ...
- 23-27 Discretion of Governor in granting or withholding consent or approval
The Governor is hereby vested with absolute discretion in respect to the withholding or granting of any consent or approval required in connection with any ...
- 23-28 Surplus to be paid into state treasury
When any institution shall have fully met and discharged its bonds, together with interest thereon, with interest on any unpaid installments of interest, and all ...
- 23-29 Provisions of chapter to control
Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, general or special, or of the charter or other ...
- 23-30 Certificates of indebtedness
Chapter 489 of the Acts of 1926, approved March 25, 1926, and codified as §§ 992(1)-992(13) of Michie Code 1942, authorizing the governing boards of ...
- 23-30.01 Borrowing upon endowment and other investments
(a) In addition to the powers conferred upon institutions by other provisions of this chapter, any institution is hereby authorized, by and with the approval ...
- 23-30.02 Borrowing to purchase real estate
(a) In addition to the powers conferred upon institutions by other provisions of this chapter, and notwithstanding any other provision of this title, any institution ...
- 23-30.03 Interest
No bond issued by institutions pursuant to this chapter (a) shall bear interest at a per centum per annum rate exceeding the greater of the ...
Last modified: April 3, 2009