In approving loans, the Authority shall give preference to loans for projects that will (i) utilize private industry in the operation and maintenance of such projects where a material savings in cost can be shown over public operation and maintenance, (ii) serve two or more local governments to encourage regional cooperation, or (iii) provide broadband services in areas with a demonstrated need that, in the opinion of the Secretary of Administration and the Secretary of Commerce and Trade, are currently unserved by broadband providers.
2009, c. 131; 2020, c. 738.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 24.2 - Virginia Broadband Infrastructure Loan Fund
§ 15.2-2420. Creation and management of Fund
§ 15.2-2421. Deposit of money; expenditures; investments
§ 15.2-2423. Collection of money due Fund
§ 15.2-2424. Loans to local governments
§ 15.2-2425. Prioritization of loans
§ 15.2-2426. Pledge of loans to secure bonds of Authority