§ 23.1-1112

(Effective October 1, 2016) Bonds; interest

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.

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