Nonprofit Private Institutions of Higher Education; Projects

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 2 of the Code of Virginia, titled “Nonprofit Private Institutions of Higher Education; Projects.” It is part of Chapter 12 “Virginia College Building Authority”, 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 19 laws.

It’s comprised of the following 19 sections.

§ 23.1-1220	Definitions
§ 23.1-1221	Declaration of policy and purpose
§ 23.1-1222	Expenses of administering article
§ 23.1-1223	Powers and duties of Authority
§ 23.1-1224	Duties; conveyance of title to projects
§ 23.1-1225	Powers; acquisition of property
§ 23.1-1226	Powers; issuance of negotiable notes
§ 23.1-1227	Powers; issuance of revenue bonds
§ 23.1-1228	Powers; security for revenue bonds
§ 23.1-1229	Powers and duties; rates, rents, fees and charges; sinking fund
§ 23.1-1230	Powers; issuance of refunding revenue bonds
§ 23.1-1231	Revenue bonds not obligations of Commonwealth or political subdivision
§ 23.1-1232	Moneys received deemed trust funds
§ 23.1-1233	Remedies of bondholders or holders of other obligations
§ 23.1-1234	Exemption from taxation
§ 23.1-1235	Bonds as legal investments
§ 23.1-1236	Nature of article
§ 23.1-1237	Article liberally construed
§ 23.1-1238	Article controls inconsistent laws