§ 2.2-5102.1. Virginia Economic Development Incentive Grants
A. Subject to the appropriation by the General Assembly of sufficient moneys to the Economic Development Incentive Grant subfund, any eligible company that meets the requirements of this section and is not awarded a grant under § 2.2-5101 or 2.2-5102 for the same project shall be eligible to apply for an economic development incentive grant […]
§ 2.2-4902.1. Pledges and security interests created by governmental units
Except for security interests, liens or pledges in goods or software, or the proceeds thereof, described in § 8.9A-109(e), the creation, perfection, priority and enforcement of a security interest, lien or pledge created, made or granted by the Commonwealth or a governmental unit of the Commonwealth, as defined in § 8.9A-102, to pay or secure […]
§ 2.2-4903. Governor’s consideration of tax-supported debt
Prior to the Governor recommending any new tax-supported debt, which is defined as debt for which the debt service payments are expected to be made, in whole or in part, from appropriations of the Commonwealth, the Governor shall consider the maximum amount of debt recommended as prudent for the subject biennium by the Debt Capacity […]
§ 2.2-4904. Cooperation of the Commonwealth’s instrumentalities
All Commonwealth debt-issuing agencies, institutions, boards, and authorities shall quarterly provide the State Treasurer with all information necessary to carry out the requirements of this chapter. The Departments of Accounts, Planning and Budget, and Taxation and other state agencies shall also provide the State Treasurer with the information and assistance the Debt Capacity Advisory Committee […]
§ 2.2-4905. Limitation of chapter
This chapter shall not limit or alter the rights of the Commonwealth or any of its instrumentalities to fulfill the terms of any agreements made with the holders of any bonds, notes, or other obligations of the Commonwealth or such instrumentality issued and outstanding prior to July 1, 1994, or to in any way impair […]
§ 2.2-4906. How lost bond or certificate renewed
When any bond or certificate is lost or destroyed, the owner thereof may: 1. File in the office of the State Treasurer an affidavit, setting forth the time, place and circumstance of the loss or destruction; and 2. Execute a bond to the Commonwealth, with one or more sureties, approved by the State Treasurer, with […]
§ 2.2-5000. Governmental instrumentalities authorized to issue bonds, etc., at rates of interest in excess of legal limits; sale of such bonds
A. Notwithstanding any limitation contained in any general or special law or in any charter of any city or town of the Commonwealth, a governmental instrumentality, which under law has the power to issue bonds, notes or other obligations (herein collectively called “bonds”) to provide funds to carry out its public purposes, may issue such […]
§ 2.2-5001. Manner of exercising authority
The authority vested in governmental instrumentalities under the provisions of this chapter may be exercised by the body authorized to issue such bonds without securing the further approval of any other body, board or agency that may have approved the issuance of such bonds and, in the case of bonds approved by election, without a […]
§ 2.2-5002. Power to issue obligations not to be denied because interest is subject to federal income taxation
The power of any governmental instrumentality, to issue or have issued on its behalf for authorized purposes, bonds, shall not be construed to be restricted or limited solely because the interest thereon is subject, in whole or in part, directly or indirectly, to federal income taxes. 1986, c. 137, § 2.1-326.2:1; 2001, c. 844.
§ 2.2-5002.1. Commonwealth tax-supported debt authorizations and treatment of net original issue premium
A. As used in this section, unless the context requires a different meaning: “De minimis amount” means an amount not to exceed two percent of the principal amount of tax-supported debt to be issued or incurred as part of the same series or issue; “Net original issue premium” means the amount in excess of the […]