Restructured Financial and Administrative Authority; Covered Institutions; Management Agreements

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 4 of the Code of Virginia, titled “Restructured Financial and Administrative Authority; Covered Institutions; Management Agreements.” It is part of Chapter 10 “Restructured Higher Education Financial and Administrative Operations Act”, which is part of Subtitle III “Management and Financing”, which is part of Title 23.1 “Institutions of Higher Education; Other Educational and Cultural Institutions”. It contains 25 laws.

It’s comprised of the following 25 sections.

§ 23.1-1004	Management agreement; eligibility and application
§ 23.1-1005	Approval of a management agreement
§ 23.1-1006	Management agreement; contents and scope
§ 23.1-1007	Management agreement; duration and oversight
§ 23.1-1008	Covered institutions; operational authority generally
§ 23.1-1009	Covered institutions; operational authority; projects
§ 23.1-1010	Covered institutions; operational authority; creation of entities and participation in joint ventures
§ 23.1-1011	Covered institutions; operational authority; campus police
§ 23.1-1012	Covered institutions; operational authority; financial operations generally
§ 23.1-1013	Covered institutions; operational authority; financial operations; investment of operating funds
§ 23.1-1014	Covered institutions; operational authority; financial operations; financing and indebtedness
§ 23.1-1015	Covered institutions; operational authority; financial operations; power to issue bonds, notes, or other obligations
§ 23.1-1016	Covered institutions; operational authority; financial operations; capital projects
§ 23.1-1017	Covered institutions; operational authority; procurement
§ 23.1-1018	Covered institutions; operational authority; information technology
§ 23.1-1019	Covered institutions; operational authority; property, grants, and loans
§ 23.1-1020	Covered institutions; operational authority; human resources; covered employees generally
§ 23.1-1021	Covered institutions; operational authority; human resources; establishment of a human resources program
§ 23.1-1022	Covered institutions; operational authority; human resources; election by certain covered employees
§ 23.1-1023	Covered institutions; operational authority; human resources; grievance procedures
§ 23.1-1024	Covered institutions; operational authority; human resources; miscellaneous personnel matters
§ 23.1-1025	Covered institutions; operational authority; human resources; certain insurance plans
§ 23.1-1026	Covered institutions; operational authority; human resources; severance policies
§ 23.1-1027	Covered institutions; duties; tuition, fees, rentals, and other charges
§ 23.1-1028	Covered institutions; duties; leases of property