The secretary-treasurer may invest and reinvest funds of the Authority pending their need. All moneys received by the Authority pursuant to § 15.2-6208, together with any matching funds received from state or federal sources, shall be applied and used only in the county or town from which the funds were received, unless the governing body of the county or town consents to their use in another county, city, or town.
1993, c. 982, § 15.1-1671; 1997, c. 587; 2006, c. 861.
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