Authority to contract debts and obligations payable from revenues

  1. Law
  2. Code of Virginia
  3. Institutions of Higher Education; Other Educational and Cultural Institutions
  4. Museums and Other Cultural Institutions
  5. Authority to contract debts and obligations payable from revenues

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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.


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