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