Bonds and Other Obligations

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Chapter 11 of the Code of Virginia, titled “Bonds and Other Obligations.” It is part of Subtitle III “Management and Financing”, which is part of Title 23.1 “Institutions of Higher Education; Other Educational and Cultural Institutions”.

It’s comprised of the following 23 sections.

§ 23.1-1100 Definitions
§ 23.1-1101 Powers of institutions vested in majority of members of board; quorum
§ 23.1-1102 Purpose of institutions
§ 23.1-1103 Institutions; powers generally
§ 23.1-1104 Institutions; powers; projects and bonds
§ 23.1-1105 Institutions; powers; borrowing upon endowment and other investments
§ 23.1-1106 Bonds generally
§ 23.1-1107 Bondholders; remedies and trustees
§ 23.1-1108 Bonds mutilated, lost, or destroyed
§ 23.1-1109 Bonds and revenues; disposition
§ 23.1-1110 Bonds as legal investments
§ 23.1-1111 Bonds; prohibition against obligating Commonwealth
§ 23.1-1112 Bonds; interest
§ 23.1-1113 Bonds; surplus to be paid into state treasury
§ 23.1-1114 Projects; accounts to be kept by boards
§ 23.1-1115 Projects; exemption from taxation
§ 23.1-1116 Commonwealth not to limit revenues of institutions
§ 23.1-1117 Borrowing to purchase real estate
§ 23.1-1118 Discretion of Governor in granting or withholding consent or approval
§ 23.1-1119 Payment of interest on bonds of the Commonwealth held by public institutions of higher education and private institutions of higher education
§ 23.1-1120 Exchange and cancellation of consol coupon bonds of the Commonwealth
§ 23.1-1121 Certificates of indebtedness
§ 23.1-1122 Provisions of chapter to control