As used in this chapter, unless the context requires a different meaning:
"Board" means the members of the board of visitors, board of trustees, or other governing board of an institution.
"Bond" means any bond, note, or other evidence of indebtedness or obligation of an institution issued by an institution pursuant to this chapter.
"Erect" includes building, constructing, reconstructing, erecting, demolishing, extending, bettering, equipping, installing, modifying, and improving.
"Institution" means each public institution of higher education, as that term is defined in § 23.1-100; Eastern Virginia Medical School; the Institute for Advanced Learning and Research; the New College Institute; the Roanoke Higher Education Authority; the Southern Virginia Higher Education Center; the Southwest Virginia Higher Education Center; the Virginia School for the Deaf and the Blind; and the Wilson Workforce and Rehabilitation Center.
"Project" means (i) any (a) building, facility, addition, extension, or improvement of a capital nature that is necessary or convenient to carry out the purposes of an institution, including administration and teaching facilities, lecture and exhibition halls, libraries, dormitories, student apartments, faculty dwellings, dining halls, cafeterias, snack bars, laundries, hospitals, laboratories, research centers, infirmaries, field houses, gymnasiums, auditoriums, student unions, recreation centers, stadiums, athletics facilities, garages, parking facilities, warehouses and storage buildings, and book and student supplies centers, or (b) building, land, appurtenance, furnishing, or equipment necessary or desirable in connection with or incidental to a project or (ii) any personal property at an institution.
1933, p. 83, § 23-15; 1946, p. 184; 1964, c. 635; 1996, cc. 672, 689; 2016, c. 588.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 11 - Bonds and Other Obligations
§ 23.1-1101. Powers of institutions vested in majority of members of board; quorum
§ 23.1-1102. Purpose of institutions
§ 23.1-1103. Institutions; powers generally
§ 23.1-1104. Institutions; powers; projects and bonds
§ 23.1-1105. Institutions; powers; borrowing upon endowment and other investments
§ 23.1-1107. Bondholders; remedies and trustees
§ 23.1-1108. Bonds mutilated, lost, or destroyed
§ 23.1-1109. Bonds and revenues; disposition
§ 23.1-1110. Bonds as legal investments
§ 23.1-1111. Bonds; prohibition against obligating Commonwealth
§ 23.1-1113. Bonds; surplus to be paid into state treasury
§ 23.1-1114. Projects; accounts to be kept by boards
§ 23.1-1115. Projects; exemption from taxation
§ 23.1-1116. Commonwealth not to limit revenues of institutions
§ 23.1-1117. Borrowing to purchase real estate
§ 23.1-1118. Discretion of Governor in granting or withholding consent or approval
§ 23.1-1120. Exchange and cancellation of consol coupon bonds of the Commonwealth