CODE OF VIRGINIA

(REPEALED EFFECTIVE OCTOBER 1, 2016) ACCOUNTS TO BE KEPT BY BOARDS (§ 23-22)

The board of every institution shall keep and preserve complete and accurate
accounts of all sums of money received and disbursed in connection with the
acquisition, erection, lease, operation and maintenance of any project and any
such other existing facilities including without limitation a complete and
accurate record of all revenues derived from any one or more of the sources
mentioned in subdivisions (1), (2), (3) and (4) of subsection (d) of § 23-19
and all sums disbursed for the payment of the principal of or interest on or
other debt service with respect to any bonds issued pursuant to the authority of
this chapter and such annual portion of such revenues as shall not be required
to discharge in due course any obligation, liability or debt of the institution
incurred in connection with the project or such other existing facilities,
including the creation of reserves for such purposes, shall be paid into the
state treasury, as provided in § 23-21.

HISTORY: 1933, p. 89; 1962, c. 373; 1964, c. 635; 1984, c. 734.