The Authority may issue negotiable notes for any corporate purpose or renew any notes by the issuance of new notes, whether or not the notes to be renewed have matured. The Authority may issue notes partly to renew notes or to discharge other obligations then outstanding and partly for any other purpose. Such notes may be authorized, sold, executed, and delivered in the same manner as bonds. Any resolution authorizing notes or any issuance of notes by the Authority may contain any provision that the Authority may include in any resolution authorizing revenue bonds or any issuance of revenue bonds by the Authority, and the Authority may include in any note any term, covenant, or condition that it may include in any bond. All such notes are payable solely from the revenues of the Authority, subject only to any contractual rights of the holders of any of its notes or other obligations then outstanding.
1972, c. 686, § 23-30.46; 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