Authority to contract debts and obligations payable from revenues

Code of Virginia

Section: 23.1-3209

Jurisdiction: VA

Bluebook Citation: Va. Code § 23.1-3209

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 .

Chat with this statute using AI

Ask CiteLaw's AI Navigator anything about this statute, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.