™Your Policy Risk Impact Agent
32 chapters · 585 sections in this title.
Va. Code Ann. § 23.1-1232 Moneys received deemed trust funds
0.5K chars
All moneys that the Authority receives pursuant to this article, whether as proceeds from the sale of bonds or as revenues, are trust funds to be held and applied solely as provided in this article. Any officer with whom, or any bank or trust company with which, such moneys are d…
Va. Code Ann. § 23.1-1233 Remedies of bondholders or holders of other obligations
1.1K chars
Any (i) holder of revenue bonds, notes, bond anticipation notes, other notes, or other obligations of the Authority issued under the provisions of this article or any of the coupons appertaining to any such obligation and (ii) trustee under any trust agreement, except to the exte…
Va. Code Ann. § 23.1-1234 Exemption from taxation
0.6K chars
Neither the Authority nor its agent are required to pay any taxes or assessments upon or with respect to a project, any property acquired or used by the Authority or its agent under the provisions of this article, or the income from any such project or property. Any bonds issued …
Va. Code Ann. § 23.1-1235 Bonds as legal investments
0.6K chars
Bonds issued by the Authority under the provisions of this article are securities (i) in which all public officers and bodies of the Commonwealth and its political subdivisions, insurance companies, trust companies, banking associations, investment companies, executors, administr…