A. For the benefit of the people of the Commonwealth, the increase of their commerce, welfare, and prosperity, and the improvement of their health and living conditions, it is essential that (i) this and future generations of youth be given the fullest opportunity to learn and develop their intellectual and mental capacities and (ii) participating institutions be provided with appropriate additional means to assist such youth in achieving the required levels of learning and development of their intellectual and mental capacities.
B. The purpose of this article is to provide a measure of assistance and an alternative method to enable participating institutions to provide the facilities and structures that are sorely needed to accomplish the purposes of this article, all to the public benefit and good, to the extent and manner provided in this article.
1972, c. 686, § 23-30.39; 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