CODE OF VIRGINIA

(EFFECTIVE OCTOBER 1, 2016) BONDS; INTEREST (§ 23.1-1112)

No bond issued by an institution pursuant to this chapter shall (i) bear
interest at an annual percentage rate exceeding the greater of the rates
authorized under § 6.2-303 or 15.2-2612 or (ii) be sold at public or private
sale such that the interest cost to maturity exceeds the greater of such annual
percentage rates authorized under § 6.2-303 or 15.2-2612.

HISTORY: 1970, c. 609, § 23-30.03; 2016, c. 588.