{"data":{"id":"us-va/va.-code-23.1-1112","jurisdiction":"us-va","citation":"Va. Code § 23.1-1112","heading":"Bonds; interest","body":"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.","path":["Title 23.1. INSTITUTIONS OF HIGHER EDUCATION; OTHER EDUCATIONAL AND CULTURAL INSTITUTIONS","Subtitle III. MANAGEMENT AND FINANCING","Chapter 11. BONDS AND OTHER OBLIGATIONS"],"source_url":"https://law.lis.virginia.gov/vacode/23.1-1112/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:59Z","sha256":"4243d15e8d28d55973084df16eeff4589f078cebd84aa8f1e9bdb8bc5a8c1c0e","source_id":"us-va","stale":true,"prev":"us-va/va.-code-23.1-1111","next":"us-va/va.-code-23.1-1113"},"notice":"GroundRules: Original legal text. Not legal advice."}