Virginia Code 10.1-1606: Use of bond proceeds
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The proceeds of the bonds of each issue shall be used solely for the purposes of the Authority provided in the resolution authorizing the issuance of the bonds or in the trust agreement authorized in this chapter.
Terms Used In Virginia Code 10.1-1606
- Authority: means the Virginia Recreational Facilities Authority. See Virginia Code 10.1-1600
- Bonds: means notes, bonds, certificates and other evidences of indebtedness or obligations of the Authority. See Virginia Code 10.1-1600
1986, c. 360, § 10-158.6; 1988, c. 891.