Any participating locality may issue its general obligation bonds in the manner provided in the Public Finance Act (§ 15.2-2600 et seq.) in furtherance of the establishment, construction, or enlargement of a hospital or health center. The industrial development authority of any participating locality may issue its bonds in the manner provided in the Industrial Development and Revenue Bond Act (§ 15.2-4900 et seq.) in furtherance of the establishment, construction, enlargement, or operation of a nonprofit or not-for-profit hospital or health center with the concurrence of the governing body of the participating locality.
2007, c. 676; 2013, c. 660.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 53.1 - Southwest Virginia Health Authority
§ 15.2-5368. Southwest Virginia Health Authority established
§ 15.2-5370. Directors; qualifications; terms; vacancies
§ 15.2-5371. Decisions of Authority
§ 15.2-5372. Payment to members of Authority
§ 15.2-5373. Executive director; staff
§ 15.2-5374. Powers of Authority
§ 15.2-5375. Appropriations to Authority
§ 15.2-5376. Issuance of bonds by participating localities and validation thereof
§ 15.2-5377. Issuance and sale of bonds
§ 15.2-5378. Provisions to secure payment of bonds
§ 15.2-5379. Bonds made legal investments
§ 15.2-5380. Bonds payable from revenues of hospital or health centers
§ 15.2-5381. Property of Authority exempt from foreclosure or execution sale and judgment lien
§ 15.2-5384. Records and reports