77603115.2-2436Virginia Decodedhttps://vacode.org2016Counties, Cities And TownsPowers Of Local GovernmentVirginia Infrastructure Project Loan FundPrioritization of loans2010, c. 724.http://law.lis.virginia.gov/vacode/15.2-2436//15.2-2436/15.2/II/24.3/15.2-2436

In approving loans, the Authority shall give preference to loans for projects that will (i) utilize private industry in the operation and maintenance of such projects where a material savings in cost can be shown over public operation and maintenance or (ii) serve two or more local governments to encourage regional cooperation.section

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