Va. Code § 2.2-2291

Current with changes from the 2024 legislative session through ch. 845
Section 2.2-2291 - Security for bonds; fees and expenses; limitations
A. The bonds or instruments with respect to which financial assistance is provided by the Authority shall be secured or unsecured in a manner approved by the Board in its sole discretion.
B. The Board may set the premiums and fees to be paid to it for providing financial assistance under this article. The premiums and fees and expenses set by the Board shall be payable in the amounts, at the time and in the manner that the Board, in its discretion, requires. The premiums and fees need not be uniform among transactions and may vary in amount among transactions and at different stages during the terms of the transactions.
C. No portion of the proceeds of an issue of the Authority's bonds that are exempt under federal taxation as qualified bonds under Section 141(e) of the Internal Revenue Code shall be used to provide facilities prohibited in Section 147(e) of the Internal Revenue Code.

Va. Code § 2.2-2291

1984, c. 749, §§ 9-212, 9-213, 9-215; 2001, c. 844; 2009, c. 565.
Amended by Acts 2009, c.565.
Amended by Acts 2001, c. 844.
Amended by Acts 1984, c. 749, 9-212, 9-213, 9-215.