Code of Virginia § 23.1-3209. Authority to contract debts and obligations payable from revenues.
49 words·~1 min read·
/va/title-23-1/chapter-32/23-1-3209·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Foundation, acting by and through the corporation authorized by § 23.1-3207 , may contract debts and obligations to the extent of its anticipated revenues. Such debts and obligations shall be paid only from the revenues of the Foundation.
1998, c. 786 , § 23-290; 2016, c. 588 .