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Statutes > Virginia Statutes > Title 15.2 - COUNTIES, CITIES AND TOWNS. > Chapter 49 - Industrial Development and Revenue Bond Act (15.2-4900 thru 15.2-4920)

Chapter 49 - Industrial Development and Revenue Bond Act (15.2-4900 thru 15.2-4920)

  • 15.2-4900 - Short title.
  • 15.2-4901 - Purpose of chapter.
  • 15.2-4902 - Definitions.
  • 15.2-4903 - Creation of industrial development authorities.
  • 15.2-4904 - Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records; certification and distribution of report concerning bond issuance.
  • 15.2-4905 - Powers of authority.
  • 15.2-4906 - Public hearing and approval.
  • 15.2-4907 - Fiscal impact statement.
  • 15.2-4908 - Issuance of bonds, notes and other obligations of authority.
  • 15.2-4909 - Liability of Commonwealth, political subdivisions, directors and officers.
  • 15.2-4910 - Security for payment of bonds; default.
  • 15.2-4911 - Rents, fees and other charges.
  • 15.2-4912 - Exemption from taxation.
  • 15.2-4913 - Authority to be nonprofit; excess earnings.
  • 15.2-4914 - Dissolution of authority; disposition of property.
  • 15.2-4915 - Bonds as legal investments and lawful security.
  • 15.2-4916 - Authorities acting jointly.
  • 15.2-4917 - Facility sites.
  • 15.2-4918 - Provisions of chapter cumulative; construction.
  • 15.2-4919 - Powers, etc., severable; provisions of chapter controlling over other statutes and charters.
  • 15.2-4920 - Validation of creation of authorities, appointment of directors and proceedings; curative resolutions.




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