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73 chapters · 2,280 sections in this title.
Va. Code Ann. § 15.2-5431.22 Trust agreement; bond resolution
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In the discretion of the authority, any revenue bonds issued under the provisions of this chapter may be secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outsid…
Va. Code Ann. § 15.2-5431.23 Disposition of unclaimed funds due on matured bonds or coupons
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Any authority having bonds outstanding on which principal, premium or interest has matured for a period of more than five years may pay any money being held to pay the matured principal, premium or interest into the general fund of the authority. Thereafter, the owners of the mat…
Va. Code Ann. § 15.2-5431.24 Contracts concerning interest rates, currency, cash flow and other basis
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A. Any authority may enter into any contract that the authority determines to be necessary or appropriate to place the obligation or investment of the authority, as represented by the bonds or the investment of their proceeds, in whole or in part, on the interest rate, cash flow …
Va. Code Ann. § 15.2-5431.25 Rates and charges
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A. The authority may fix and revise rates, fees and other charges (which shall include, but not be limited to, a penalty not to exceed 10 percent on delinquent accounts, and interest on the principal), subject to the provisions of this section, for the use of a project or any por…