10.1-1615 - Grants or loans of public or private funds.
§ 10.1-1615. Grants or loans of public or private funds.
The Authority is authorized to accept, receive, receipt for, disburse, andexpend federal and state moneys and other moneys, public or private, madeavailable by grant, loan or otherwise, to accomplish any of the purposes ofthis chapter. All federal moneys accepted under this section shall beaccepted and expended by the Authority upon terms and conditions prescribedby the United States and consistent with state law. All state moneys acceptedunder this section shall be accepted and expended by the Authority upon termsand conditions prescribed by the Commonwealth.
(1986, c. 360, § 10-158.12; 1988, c. 891.)