Industrial Development And Revenue Bond Act

This is Chapter 49 of the Code of Virginia, titled “Industrial Development And Revenue Bond Act.” It is part of Title 15.2, titled “Counties, Cities And Towns.” It is part of Subtitle IV, titled “Other Governmental Entities.” It’s comprised of the following 20 sections.

§ 15.2-4900
Short title
§ 15.2-4901
Purpose of chapter
§ 15.2-4902
Definitions
§ 15.2-4903
Creation of industrial development authorities
§ 15.2-4904
Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records; certification and distribution of report concerning bond issuance
§ 15.2-4905
Powers of authority
§ 15.2-4906
Public hearing and approval
§ 15.2-4908
Issuance of bonds, notes and other obligations of authority
§ 15.2-4909
Liability of Commonwealth, political subdivisions, directors and officers
§ 15.2-4910
Security for payment of bonds; default
§ 15.2-4911
Rents, fees and other charges
§ 15.2-4912
Exemption from taxation
§ 15.2-4913
Authority to be nonprofit; excess earnings
§ 15.2-4914
Dissolution of authority; disposition of property
§ 15.2-4915
Bonds as legal investments and lawful security
§ 15.2-4916
Authorities acting jointly
§ 15.2-4917
Facility sites
§ 15.2-4918
Provisions of chapter cumulative; construction
§ 15.2-4919
Provisions of chapter controlling over other statutes and charters
§ 15.2-4920
Validation of creation of authorities, appointment of directors and proceedings; curative resolutions