Industrial Development and Revenue Bond Act

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This is Chapter 49 of the Code of Virginia, titled “Industrial Development and Revenue Bond Act.” It is part of Subtitle IV “Other Governmental Entities”, which is part of Title 15.2 “Counties, Cities and Towns”.

It’s comprised of the following 21 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
§ 15.2-4907	Fiscal impact statement
§ 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