Virginia Small Business Financing Authority
This is Article 7 of the Code of Virginia, titled “Virginia Small Business Financing Authority.” It is part of Title 2.2, titled “Administration Of Government.” It is part of Subtitle I, titled “Organization Of State Government.” It is part of Part D, titled “State Authorities, Boards, Commissions, Councils, Foundations And Other Collegial Bodies.” It is part of Chapter 22, titled “Authorities.” It’s comprised of the following 36 sections.
- § 2.2-2279
- Short title; definitions
- § 2.2-2280
- Declaration of public purpose; Authority created
- § 2.2-2281
- Construction of article
- § 2.2-2282
- Board of directors; membership; terms, compensation and expenses; chairman, vice-chairman, secretary and treasurer; quorum; staff
- § 2.2-2283
- Meetings of the Board
- § 2.2-2284
- Executive Director; appointment; duties
- § 2.2-2285
- Powers of the Authority
- § 2.2-2286
- Power to condemn
- § 2.2-2287
- Power to borrow money and issue bonds
- § 2.2-2288
- Power to issue bonds to purchase ninety percent guaranteed portion of loans
- § 2.2-2289
- Power to issue umbrella bonds
- § 2.2-2290
- Insurance or guarantee fund
- § 2.2-2291
- Security for bonds; fees and expenses; limitations
- § 2.2-2293
- Loans to lenders; conditions
- § 2.2-2294
- Investment in, purchase or assignment of loans; conditions
- § 2.2-2295
- Regulations of the Authority
- § 2.2-2296
- How bonds paid and secured
- § 2.2-2297
- Liability of Commonwealth, political subdivisions and members of Board
- § 2.2-2298
- Authorization of bonds by resolution; contents of bond sale; manner
- § 2.2-2299
- Resolution authorizing issuance of bonds; provisions
- § 2.2-2300
- Pledge by Authority
- § 2.2-2301
- Purchase of bonds of Authority
- § 2.2-2302
- Bonds secured by indenture; contents; expenses; how treated
- § 2.2-2303
- Signatures of prior members or officers; validity
- § 2.2-2304
- Deposit of money; expenditures; security for deposits
- § 2.2-2305
- Contracts with holders of bonds; how money secured
- § 2.2-2306
- Bondholder protection
- § 2.2-2307
- Bonds as legal investments and securities
- § 2.2-2308
- Expenses of Authority; liability of Commonwealth or political subdivision prohibited
- § 2.2-2309
- Creation, administration, and management of Virginia Export Fund
- § 2.2-2310
- Creation, administration, and management of Virginia Small Business Growth Fund
- § 2.2-2311
- Repealed
- § 2.2-2311.1
- Creation, administration, and management of the Small, Women-owned, and Minority-owned Business Loan Fund
- § 2.2-2312
- Annual report; audit
- § 2.2-2313
- Exemption from taxation
- § 2.2-2314
- Administrative Process Act not applicable