Code of Virginia
Chapter 1.2 - Virginia Housing Development Authority Act
§ 36-55.50. Liberal construction

Neither this chapter nor anything herein contained is or shall be construed as a restriction or limitation upon any powers which HDA might otherwise have under any laws of this Commonwealth, and this chapter is cumulative to any such powers. This chapter does and shall be construed to provide a complete, additional, and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws. However, the issuance of bonds, notes and other obligations and refunding bonds under the provisions of this chapter need not comply with the requirements of any other state law applicable to the issuance of bonds, notes and other obligations, and contracts for the construction and acquisition of any housing developments undertaken pursuant to this chapter need not comply with the provisions of any other state law applicable to contracts for the construction and acquisition of state-owned property. No proceedings, notice or approval shall be required for the issuance of any bonds, notes and other obligations or any instrument as security therefor, except as is provided in this chapter.
1972, c. 830.

Structure Code of Virginia

Code of Virginia

Title 36 - Housing

Chapter 1.2 - Virginia Housing Development Authority Act

§ 36-55.24. Short title

§ 36-55.25. Finding and declaration of necessity

§ 36-55.26. Definitions

§ 36-55.27. Virginia Housing Development Authority continued; constituted a public instrumentality

§ 36-55.27:1. Programs and regulations to implement the Consolidated Plan

§ 36-55.28. Appointment and tenure of commissioners; officers; quorum; compensation; liability

§ 36-55.29. Executive director

§ 36-55.30. Powers of HDA generally

§ 36-55.30:1. Repealed

§ 36-55.30:2. Housing revitalization areas; economically mixed projects

§ 36-55.30:3. Regulations; adoption procedures

§ 36-55.31. Powers relative to making mortgage loans and temporary construction loans to housing sponsors and persons and families of low and moderate income

§ 36-55.31:1. Loans for installation of certain energy-saving devices

§ 36-55.32. Powers relative to purchase and sale to mortgage lenders of mortgage loans; loans to mortgage lenders

§ 36-55.33. Repealed

§ 36-55.33:1. Mortgage loan terms and conditions

§ 36-55.33:2. Powers relative to acquisition, development and ownership by HDA of multi-family residential housing

§ 36-55.34. Repealed

§ 36-55.34:1. Power to supervise housing sponsors

§ 36-55.34:2. Power to enter into agreements with owners of housing developments eligible for federal low-income housing credits

§ 36-55.35. Terms and conditions of purchase from and sale to mortgage lenders of mortgage loans; loans to mortgage lenders

§ 36-55.36. Terms and conditions of mortgage insurance

§ 36-55.36:1. Power to create insurance funds and form corporations for the purpose of insuring HDA mortgage loans

§ 36-55.37. Exemption from taxation

§ 36-55.37:1. Repealed

§ 36-55.38. Admission and income limitations relative to housing developments

§ 36-55.39. Procedure prior to financing of housing developments undertaken by housing sponsors

§ 36-55.40. Notes and bonds

§ 36-55.41. Reserve funds and appropriations

§ 36-55.42. Refunding obligations; issuance

§ 36-55.43. Same; sale

§ 36-55.44. Deposit and investment of moneys of HDA

§ 36-55.44:1. Swap agreements by HDA authorized

§ 36-55.45. Agreement with Commonwealth

§ 36-55.46. Commonwealth not liable on notes and bonds

§ 36-55.47. Remedies of noteholders and bondholders

§ 36-55.48. Grants from Commonwealth

§ 36-55.49. Notes and bonds as legal investments

§ 36-55.50. Liberal construction

§ 36-55.51. Reports

§ 36-55.51:1. Annual audit

§ 36-55.52. Inconsistent provisions in other laws superseded