General Provisions; Powers and Duties

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 1 of the Code of Virginia, titled “General Provisions; Powers and Duties.” It is part of Chapter 12 “Virginia College Building Authority”, which 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 contains 20 laws.

It’s comprised of the following 20 sections.

§ 23.1-1200	Definitions; findings
§ 23.1-1201	Virginia College Building Authority established
§ 23.1-1202	Action by Authority may be authorized by resolution
§ 23.1-1203	Powers of Authority generally
§ 23.1-1204	Duties; administration of assets, moneys, or obligations
§ 23.1-1205	Powers; purchase or sale of bonds or other obligations of eligible institutions
§ 23.1-1206	Powers; acquisition or disposition of equipment
§ 23.1-1207	Powers; bonds of Authority generally
§ 23.1-1208	Security for bonds
§ 23.1-1209	Reserve fund; limitations
§ 23.1-1210	Payment on bonds; pledge of revenues
§ 23.1-1211	Default on payments
§ 23.1-1212	Investment of funds
§ 23.1-1213	Enforcement of rights and duties by bondholder or trustee under trust indenture
§ 23.1-1214	Exemption of bonds from taxation
§ 23.1-1215	Bonds made lawful investments
§ 23.1-1216	Annual report; examination of records, books, and accounts
§ 23.1-1217	Annual audit
§ 23.1-1218	Article liberally construed; powers of Authority not subject to supervision by certain entities
§ 23.1-1219	Jurisdiction of suits against Authority; service of process