A. The Authority shall submit to the Governor and General Assembly an annual report of the interim activity and work of the Authority on or before November 1 of each year. Such report shall be submitted as a report document as provided in the procedures of the Division of Legislative Automated Systems for the processing of legislative documents and reports and shall be posted on the General Assembly's website. Such report shall contain, at a minimum, the annual financial statements of the Authority for the year ending the preceding June 30.
B. The records, books, and accounts of the Authority are subject to examination and inspection by duly authorized representatives of the General Assembly and any bondholder at any reasonable time, provided that such examination and inspection do not unduly interrupt or interfere with the business of the Authority.
1964, c. 607, § 23-30.36; 1966, c. 685; 1984, c. 734; 1985, c. 146; 2004, c. 650; 2016, c. 588.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 12 - Virginia College Building Authority
§ 23.1-1200. Definitions; findings
§ 23.1-1201. Virginia College Building Authority established
§ 23.1-1202. Action by Authority may be authorized by resolution
§ 23.1-1203. Powers of Authority generally
§ 23.1-1204. Duties; administration of assets, moneys, or obligations
§ 23.1-1205. Powers; purchase or sale of bonds or other obligations of eligible institutions
§ 23.1-1206. Powers; acquisition or disposition of equipment
§ 23.1-1207. Powers; bonds of Authority generally
§ 23.1-1208. Security for bonds
§ 23.1-1209. Reserve fund; limitations
§ 23.1-1210. Payment on bonds; pledge of revenues
§ 23.1-1211. Default on payments
§ 23.1-1212. Investment of funds
§ 23.1-1213. Enforcement of rights and duties by bondholder or trustee under trust indenture
§ 23.1-1214. Exemption of bonds from taxation
§ 23.1-1215. Bonds made lawful investments
§ 23.1-1216. Annual report; examination of records, books, and accounts
§ 23.1-1219. Jurisdiction of suits against Authority; service of process
§ 23.1-1221. Declaration of policy and purpose
§ 23.1-1222. Expenses of administering article
§ 23.1-1223. Powers and duties of Authority
§ 23.1-1224. Duties; conveyance of title to projects
§ 23.1-1225. Powers; acquisition of property
§ 23.1-1226. Powers; issuance of negotiable notes
§ 23.1-1227. Powers; issuance of revenue bonds
§ 23.1-1228. Powers; security for revenue bonds
§ 23.1-1229. Powers and duties; rates, rents, fees and charges; sinking fund
§ 23.1-1230. Powers; issuance of refunding revenue bonds
§ 23.1-1231. Revenue bonds not obligations of Commonwealth or political subdivision
§ 23.1-1232. Moneys received deemed trust funds
§ 23.1-1233. Remedies of bondholders or holders of other obligations
§ 23.1-1234. Exemption from taxation
§ 23.1-1235. Bonds as legal investments
§ 23.1-1236. Nature of article