§ 62.1-206. Sources of payment and security for bonds and credit enhancements
The Authority shall have the power to pledge any revenue or funds of or under the control of the Authority to the payment of its bonds and credit enhancements, subject only to any prior agreements with the holders of particular bonds or the beneficiaries of particular credit enhancements pledging money or revenue. Bonds or credit enhancements issued by the Authority may be secured by a pledge of any local obligation owned by the Authority, any grant, contribution or guaranty from the United States of America, the Commonwealth or any corporation, association, institution or person, any other property or assets of or under the control of the Authority, or a pledge of any money, income or revenue of the Authority from any source.
(1984, c. 699; 1985, c. 67; 1986, c. 415; 1998, c. 399.)
Sections: Previous 62.1-199 62.1-200 62.1-201 62.1-202 62.1-203 62.1-204 62.1-205 62.1-206 62.1-207 62.1-208 62.1-209 62.1-210 62.1-211 62.1-212 62.1-213 NextLast modified: April 3, 2009