CODE OF VIRGINIA

ELIGIBLE USE OF FUNDS (§ 15.2-6208)

From such funds as may be appropriated or received, the Authority may make loans
and grants for the benefit of qualified private, for-profit enterprises and
public or not-for-profit enterprises, nonprofit industrial development
corporations, or industrial development authorities for financing the following:

   1.  Purchase of real estate;

   2.  Grading of sites;

   3.  Water, sewer, natural gas or electrical line improvements, replacement and
   extensions;

   4.  Construction, rehabilitation, and expansion of buildings;

   5.  Construction of parking facilities;

   6.  Access roads construction and street improvements;

   7.  Purchase or lease of machinery and tools; and

   8.  Any other improvements deemed necessary by the Authority to meet its
   objectives.

HISTORY: 1993, c. 982, § 15.1-1669; 1997, c. 587.