Bonds and Other Obligations

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 Chapter 11 of the Code of Virginia, titled “Bonds and Other Obligations.” It 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 23 laws.

It’s comprised of the following 23 sections.

§ 23.1-1100	Definitions
§ 23.1-1101	Powers of institutions vested in majority of members of board; quorum
§ 23.1-1102	Purpose of institutions
§ 23.1-1103	Institutions; powers generally
§ 23.1-1104	Institutions; powers; projects and bonds
§ 23.1-1105	Institutions; powers; borrowing upon endowment and other investments
§ 23.1-1106	Bonds generally
§ 23.1-1107	Bondholders; remedies and trustees
§ 23.1-1108	Bonds mutilated, lost, or destroyed
§ 23.1-1109	Bonds and revenues; disposition
§ 23.1-1110	Bonds as legal investments
§ 23.1-1111	Bonds; prohibition against obligating Commonwealth
§ 23.1-1112	Bonds; interest
§ 23.1-1113	Bonds; surplus to be paid into state treasury
§ 23.1-1114	Projects; accounts to be kept by boards
§ 23.1-1115	Projects; exemption from taxation
§ 23.1-1116	Commonwealth not to limit revenues of institutions
§ 23.1-1117	Borrowing to purchase real estate
§ 23.1-1118	Discretion of Governor in granting or withholding consent or approval
§ 23.1-1119	Payment of interest on bonds of the Commonwealth held by public institutions of higher education and private institutions of higher education
§ 23.1-1120	Exchange and cancellation of consol coupon bonds of the Commonwealth
§ 23.1-1121	Certificates of indebtedness
§ 23.1-1122	Provisions of chapter to control