Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 23.1-1112: Bonds; interest

Where this section sits in the code

Title 23.1. INSTITUTIONS OF HIGHER EDUCATION; OTHER EDUCATIONAL AND CULTURAL INSTITUTIONS
Subtitle III. MANAGEMENT AND FINANCING
Chapter 11. BONDS AND OTHER OBLIGATIONS

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 15.2-2612.1970, c. 609, § 23-30.03; 2016, c. 588.

Collected 2026-09-04T15:14:59Z. Source file · JSON

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