CODE OF VIRGINIA

(EFFECTIVE OCTOBER 1, 2016) PAYMENT OF INTEREST ON DEBT OF UNIVERSITY; SINKING
FUND (§ 23.1-2207)

Out of the appropriation made by the General Assembly for the support of the
University, there shall be first set apart, annually, a sum sufficient to pay
the interest accruing on the existing interest-bearing debt of the University,
except as provided in § 23.1-1109, and to constitute a sinking fund for the
liquidation of the principal of such debt. Such sum shall be applied to no other
purpose or object.

HISTORY: Code 1919, § 820, § 23-67; 2016, c. 588.