Industrial Development and Revenue Bond Act

  1. Law
  2. Code of Virginia
  3. Counties, Cities and Towns
  4. Industrial Development and Revenue Bond Act

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Section
15.2-4900

Short title

Section
15.2-4901

Purpose of chapter

Section
15.2-4902

Definitions

Section
15.2-4903

Creation of industrial development authorities

Section
15.2-4904

Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records; certification and distribution of report concerning bond issuance

Section
15.2-4905

Powers of authority

Section
15.2-4906

Public hearing and approval

Section
15.2-4907

Fiscal impact statement

Section
15.2-4908

Issuance of bonds, notes and other obligations of authority

Section
15.2-4909

Liability of Commonwealth, political subdivisions, directors and officers

Section
15.2-4910

Security for payment of bonds; default

Section
15.2-4911

Rents, fees and other charges

Section
15.2-4912

Exemption from taxation

Section
15.2-4913

Authority to be nonprofit; excess earnings

Section
15.2-4914

Dissolution of authority; disposition of property

Section
15.2-4915

Bonds as legal investments and lawful security

Section
15.2-4916

Authorities acting jointly

Section
15.2-4917

Facility sites

Section
15.2-4918

Provisions of chapter cumulative; construction

Section
15.2-4919

Provisions of chapter controlling over other statutes and charters

Section
15.2-4920

Validation of creation of authorities, appointment of directors and proceedings; curative resolutions