The treasurer may invest and reinvest funds of the Authority pending their need. All moneys received by the Authority pursuant to § 15.2-6009, together with any matching funds received from state or federal sources, shall be applied and used only in the county or city from which the funds were received, unless the governing body of the county or city consents to their use in another county or city.
Moneys received pursuant to § 58.1-3713.4 may be used at the discretion of the Authority for purposes and projects as determined by the Authority.
1988, c. 833, § 15.1-1645; 1990, c. 341; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 60 - Virginia Coalfield Economic Development Authority
§ 15.2-6000. Authority created; name
§ 15.2-6002. Purpose of Authority; performs governmental function
§ 15.2-6003. Board of Authority; members and officers; staff; annual report
§ 15.2-6004. Office of Authority; title to property
§ 15.2-6005. General powers of Authority; regulations; enforcement of statutes, rules, etc.
§ 15.2-6007. Acceptance of funds, property and grants or loans
§ 15.2-6008. Forms of accounts and records; audit of same
§ 15.2-6009. Capitalization of Authority
§ 15.2-6011. Eligible use of funds
§ 15.2-6012. Dissolution of Authority
§ 15.2-6013. Chapter liberally construed
§ 15.2-6014. Inconsistent laws inapplicable
§ 15.2-6015. City of Norton deemed contributing jurisdiction of Wise County