Virginia Small Business Financing Authority This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.
This is Article 7 of the Code of Virginia, titled “Virginia Small Business Financing Authority.” It is part of Chapter 22 “Authorities”, which is part of Part D “State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies”, which is part of Subtitle I “Organization of State Government”, which is part of Title 2.2 “Administration of Government”. It contains 38 laws.
It’s comprised of the following 38 sections.
§ 2.2-2279 Short title; definitions
§ 2.2-2280 Declaration of public purpose; Authority created
§ 2.2-2281 Construction of article
§ 2.2-2282 Board of directors; membership; terms, compensation and expenses; chairman, vice-chairman, secretary and treasurer; quorum; staff
§ 2.2-2283 Meetings of the Board
§ 2.2-2284 Executive Director; appointment; duties
§ 2.2-2285 Powers of the Authority
§ 2.2-2286 Power to condemn
§ 2.2-2287 Power to borrow money and issue bonds
§ 2.2-2288 Power to issue bonds to purchase ninety percent guaranteed portion of loans
§ 2.2-2289 Power to issue umbrella bonds
§ 2.2-2290 Insurance or guarantee fund
§ 2.2-2291 Security for bonds; fees and expenses; limitations
§ 2.2-2292 Public hearing and approval
§ 2.2-2293 Loans to lenders; conditions
§ 2.2-2294 Investment in, purchase or assignment of loans; conditions
§ 2.2-2295 Regulations of the Authority
§ 2.2-2296 How bonds paid and secured
§ 2.2-2297 Liability of Commonwealth, political subdivisions and members of Board
§ 2.2-2298 Authorization of bonds by resolution; contents of bond sale; manner
§ 2.2-2299 Resolution authorizing issuance of bonds; provisions
§ 2.2-2300 Pledge by Authority
§ 2.2-2301 Purchase of bonds of Authority
§ 2.2-2302 Bonds secured by indenture; contents; expenses; how treated
§ 2.2-2303 Signatures of prior members or officers; validity
§ 2.2-2304 Deposit of money; expenditures; security for deposits
§ 2.2-2305 Contracts with holders of bonds; how money secured
§ 2.2-2306 Bondholder protection
§ 2.2-2307 Bonds as legal investments and securities
§ 2.2-2308 Expenses of Authority; liability of Commonwealth or political subdivision prohibited
§ 2.2-2309 Creation, administration, and management of Virginia Export Fund
§ 2.2-2310 Creation, administration, and management of Virginia Small Business Growth Fund
§ 2.2-2311 Repealed
§ 2.2-2311.1 Creation, administration, and management of the Small, Women-owned, and Minority-owned Business Loan Fund
§ 2.2-2312 Annual report; audit
§ 2.2-2312.1 Risk-based review of outstanding loans; report
§ 2.2-2313 Exemption from taxation
§ 2.2-2314 Administrative Process Act not applicable