CODE OF VIRGINIA

ELIGIBLE USE OF FUNDS (§ 15.2-6011)

The Authority is hereby empowered to pledge its funds, and make loans and grants
to or for the benefit of for-profit enterprises or entities; governmental or
corporate instrumentalities in the coalfield region of Virginia (including any
political subdivision of the Commonwealth and the Breaks Interstate Park);
not-for-profit enterprises or entities; nonprofit industrial development
corporations; economic development authorities; or industrial development
authorities for financing the following:

   1.  Purchase of real estate;

   2.  Grading of site(s);

   3.  Construction of flood control dams;

   4.  Water, sewer, natural gas and electrical line replacement and extensions;

   5.  Construction or rehabilitation or expansion of buildings;

   6.  Construction of parking facilities;

   7.  Access roads construction and street improvements;

   8.  Purchase, lease, or relocation of machinery, tools, equipment, furniture,
   software, or other personal property;

   9.  Construction of improvements outside the Commonwealth if in the Breaks
   Interstate Park;

   10.  Feasibility studies, site studies, preliminary engineering or
   architectural reports, and other studies and plans;

   11.  Such other improvements, projects, activities, or purposes as the
   Authority deems necessary to accomplish its purpose; and

   12.  Costs and expenses associated with any item listed in subdivisions 1
   through 11, including, but not limited to, architectural, engineering,
   consulting, legal, closing, installation, delivery, and assembly expenses.

HISTORY: 1988, c. 833, § 15.1-1646; 1990, c. 341; 1992, c. 32; 1993, c. 771;
1994, cc. 615, 674; 1997, c. 587; 2004, cc. 36, 177.