The proceeds of the bonds of each issue shall be used solely for the purposes of the Authority provided in the resolution authorizing the issuance of the bonds or in the trust agreement authorized in this chapter.
1986, c. 360, § 10-158.6; 1988, c. 891.
Structure Code of Virginia
Chapter 16 - Virginia Recreational Facilities Authority Act
§ 10.1-1601. Authority created
§ 10.1-1602. Board of directors
§ 10.1-1603. Powers of Authority
§ 10.1-1604. Form, terms, and execution of bonds
§ 10.1-1605. Issuance and sale of bonds
§ 10.1-1606. Use of bond proceeds
§ 10.1-1607. Interim receipts or temporary bonds
§ 10.1-1608. Faith and credit of Commonwealth or political subdivision not pledged
§ 10.1-1609. Expenses of the Authority
§ 10.1-1610. Trust agreement securing bonds
§ 10.1-1611. Moneys received deemed trust funds
§ 10.1-1612. Proceedings by bondholder or trustee to enforce rights
§ 10.1-1613. Bonds made securities for investment and deposit
§ 10.1-1614. Revenue refunding bonds; bonds for refunding and for cost of additional projects
§ 10.1-1615. Grants or loans of public or private funds
§ 10.1-1616. Exemption from taxes or assessments
§ 10.1-1617. Moneys of Authority
§ 10.1-1618. Title to property
§ 10.1-1619. Violation of regulations
§ 10.1-1620. Appointment of special conservators of the peace
§ 10.1-1621. Conveyance or lease of park to Authority
§ 10.1-1622. Recordation of conveyances of real estate to Authority