From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:
1. Purchase of real estate;
2. Grading of sites;
3. Water, sewer, natural gas or electrical line improvements, replacement and extensions;
4. Construction, rehabilitation, and expansion of buildings;
5. Construction of parking facilities;
6. Access roads construction and street improvements;
7. Purchase or lease of machinery and tools; and
8. Any other improvements deemed necessary by the Authority to meet its objectives.
1993, c. 982, § 15.1-1669; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 62 - Alleghany Highlands Economic Development Authority
§ 15.2-6200. Authority created; name
§ 15.2-6202. Duties of Authority; governmental functions
§ 15.2-6203. Board of Authority; members and officers; staff; annual report
§ 15.2-6204. Office of Authority; title to property
§ 15.2-6205. General powers of Authority; regulations; enforcement of statutes, rules, etc.
§ 15.2-6207. Acceptance of funds, property, grants, or loans
§ 15.2-6208. Eligible use of funds
§ 15.2-6209. Capitalization of Authority
§ 15.2-6211. Forms of accounts and records; audit of same
§ 15.2-6212. Dissolution of Authority