{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/36-35.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/36-35.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/36-35.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/36-35.html"}],"law_id":360693,"edition_id":2,"section_id":360693,"structure_id":51589,"section_number":"36-35","catch_line":"Contracts and covenants with federal government, etc.; agreements to sell","history":"1942, p. 326; Michie Code 1942, \u00a7 3145(4o).","full_text":"In any contract or amendatory or superseding contract for a loan and annual contributions heretofore or hereafter entered into between a housing authority and the federal government with respect to any housing project undertaken by the housing authority, any such housing authority is authorized to make such covenants (including covenants with holders of obligations of the authority issued for purposes of the project involved) and to confer upon the federal government such rights and remedies, as the housing authority deems necessary to assure the fulfillment of the purposes for which the project was undertaken. In any such contract, the housing authority may, notwithstanding any other provisions of law, agree to sell and convey the project (including all lands appertaining thereto) to which such contract relates to the federal government upon the occurrence of such conditions, or upon such defaults on obligations for which any of the annual contributions provided in such contract are pledged, as may be prescribed in such contract, and at a price (which may include the assumption by the federal government of the payment, when due, of the principal of and interest on outstanding obligations of the housing authority issued for purposes of the project involved) determined as prescribed therein and upon such other terms and conditions as are therein provided. Any such housing authority is hereby authorized to enter into such supplementary contracts, and to execute such conveyances, as may be necessary to carry out the provisions hereof. Notwithstanding any other provisions of law, any contracts or supplementary contracts or conveyances made or executed pursuant to the provisions of this section shall not be or constitute a mortgage within the meaning or for the purposes of any of the laws of this Commonwealth.\n\n","order_by":null,"text":{"0":{"id":1342163,"text":"In any contract or amendatory or superseding contract for a loan and annual contributions heretofore or hereafter entered into between a housing authority and the federal government with respect to any housing project undertaken by the housing authority, any such housing authority is authorized to make such covenants (including covenants with holders of obligations of the authority issued for purposes of the project involved) and to confer upon the federal government such rights and remedies, as the housing authority deems necessary to assure the fulfillment of the purposes for which the project was undertaken. In any such contract, the housing authority may, notwithstanding any other provisions of law, agree to sell and convey the project (including all lands appertaining thereto) to which such contract relates to the federal government upon the occurrence of such conditions, or upon such defaults on obligations for which any of the annual contributions provided in such contract are pledged, as may be prescribed in such contract, and at a price (which may include the assumption by the federal government of the payment, when due, of the principal of and interest on outstanding obligations of the housing authority issued for purposes of the project involved) determined as prescribed therein and upon such other terms and conditions as are therein provided. Any such housing authority is hereby authorized to enter into such supplementary contracts, and to execute such conveyances, as may be necessary to carry out the provisions hereof. Notwithstanding any other provisions of law, any contracts or supplementary contracts or conveyances made or executed pursuant to the provisions of this section shall not be or constitute a mortgage within the meaning or for the purposes of any of the laws of this Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51589,"edition_id":2,"name":"Bonds, Trust Indentures and Mortgages","identifier":"4","label":"article","depth":3,"order_by":5,"parent_id":51573,"metadata":{"child_laws":7,"child_structures":0},"date_created":"2026-08-02 02:44:34","date_modified":"2026-08-02 12:32:41","permalink":{"id":1435445,"object_type":"structure","relational_id":51589,"identifier":"4","token":"36\/1\/4","url":"\/36\/1\/4\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51573,"edition_id":2,"name":"Housing Authorities Law","identifier":"1","label":"chapter","depth":2,"order_by":1,"parent_id":51572,"metadata":{"child_laws":83,"child_structures":8},"date_created":"2026-08-02 02:44:20","date_modified":"2026-08-02 12:32:41","permalink":{"id":1435261,"object_type":"structure","relational_id":51573,"identifier":"1","token":"36\/1","url":"\/36\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51572,"edition_id":2,"name":"Housing","identifier":"36","label":"title","depth":1,"order_by":83,"parent_id":null,"metadata":{"child_laws":336,"child_structures":35},"date_created":"2026-08-02 02:44:20","date_modified":"2026-08-02 12:32:40","permalink":{"id":1435259,"object_type":"structure","relational_id":51572,"identifier":"36","token":"36","url":"\/36\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":360686,"structure_id":51589,"section_number":"36-29","catch_line":"Power to issue bonds; liability in general","url":"\/36-29\/","token":"36\/1\/4\/36-29","metadata":false},{"id":360688,"structure_id":51589,"section_number":"36-30","catch_line":"Form and sale of bonds; presumption of validity","url":"\/36-30\/","token":"36\/1\/4\/36-30","metadata":false},{"id":360689,"structure_id":51589,"section_number":"36-31","catch_line":"Provisions of bonds, trust indentures and mortgages","url":"\/36-31\/","token":"36\/1\/4\/36-31","metadata":false},{"id":360690,"structure_id":51589,"section_number":"36-32","catch_line":"Remedies of obligee of authority","url":"\/36-32\/","token":"36\/1\/4\/36-32","metadata":false},{"id":360691,"structure_id":51589,"section_number":"36-33","catch_line":"Additional remedies conferrable by authority","url":"\/36-33\/","token":"36\/1\/4\/36-33","metadata":false},{"id":360692,"structure_id":51589,"section_number":"36-34","catch_line":"Housing bonds to be legal investments, legal security and negotiable","url":"\/36-34\/","token":"36\/1\/4\/36-34","metadata":false},{"id":360693,"structure_id":51589,"section_number":"36-35","catch_line":"Contracts and covenants with federal government, etc.; agreements to sell","url":"\/36-35\/","token":"36\/1\/4\/36-35","metadata":false}],"previous_section":{"id":360692,"structure_id":51589,"section_number":"36-34","catch_line":"Housing bonds to be legal investments, legal security and negotiable","url":"\/36-34\/","token":"36\/1\/4\/36-34","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/36-35\/","history_text":false,"references":false,"refers_to":false,"permalink":{"id":1435471,"object_type":"law","relational_id":360693,"identifier":"36-35","token":"36\/1\/4\/36-35","url":"\/36-35\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/36-35\/","token":"36\/1\/4\/36-35","dublin_core":{"Title":"Contracts and covenants with federal government, etc.; agreements to sell","Type":"Text","Format":"text\/html","Identifier":"\u00a7 36-35","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In any contract<\/span> or amendatory or superseding contract<\/span> for a loan and annual contributions heretofore or hereafter entered into between a housing authority<\/span> and the federal government<\/span> with respect to any housing project<\/span> undertaken by the housing authority<\/span>, any such housing authority<\/span> is authorized to make such covenants (including covenants with holders of obligations of the authority issued for purposes of the project involved) and to confer upon the federal government<\/span> such rights and remedies, as the housing authority<\/span> deems necessary to assure the fulfillment of the purposes for which the project was undertaken. In any such contract<\/span>, the housing authority<\/span> may, notwithstanding any other provisions of law<\/span>, agree to sell and convey the project (including all lands appertaining thereto) to which such contract<\/span> relates to the federal government<\/span> upon the occurrence of such conditions, or upon such defaults<\/span> on obligations for which any of the annual contributions provided in such contract<\/span> are pledged, as may be prescribed in such contract<\/span>, and at a price (which may include the assumption by the federal government<\/span> of the payment, when due, of the principal of and interest on outstanding obligations of the housing authority<\/span> issued for purposes of the project involved) determined as prescribed therein and upon such other terms and conditions as are therein provided. Any such housing authority<\/span> is hereby authorized to enter into such supplementary contracts<\/span>, and to execute such conveyances, as may be necessary to carry out the provisions hereof. Notwithstanding any other provisions of law<\/span>, any contracts<\/span> or supplementary contracts<\/span> or conveyances made or executed pursuant to the provisions of this section shall not be or constitute a mortgage within the meaning or for the purposes of any of the laws<\/span> of this Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONTRACTS AND COVENANTS WITH FEDERAL GOVERNMENT, ETC.; AGREEMENTS TO SELL (\u00a7\n36-35)\n\nIn any contract or amendatory or superseding contract for a loan and annual\ncontributions heretofore or hereafter entered into between a housing authority\nand the federal government with respect to any housing project undertaken by the\nhousing authority, any such housing authority is authorized to make such\ncovenants (including covenants with holders of obligations of the authority\nissued for purposes of the project involved) and to confer upon the federal\ngovernment such rights and remedies, as the housing authority deems necessary to\nassure the fulfillment of the purposes for which the project was undertaken. In\nany such contract, the housing authority may, notwithstanding any other\nprovisions of law, agree to sell and convey the project (including all lands\nappertaining thereto) to which such contract relates to the federal government\nupon the occurrence of such conditions, or upon such defaults on obligations for\nwhich any of the annual contributions provided in such contract are pledged, as\nmay be prescribed in such contract, and at a price (which may include the\nassumption by the federal government of the payment, when due, of the principal\nof and interest on outstanding obligations of the housing authority issued for\npurposes of the project involved) determined as prescribed therein and upon such\nother terms and conditions as are therein provided. Any such housing authority\nis hereby authorized to enter into such supplementary contracts, and to execute\nsuch conveyances, as may be necessary to carry out the provisions hereof.\nNotwithstanding any other provisions of law, any contracts or supplementary\ncontracts or conveyances made or executed pursuant to the provisions of this\nsection shall not be or constitute a mortgage within the meaning or for the\npurposes of any of the laws of this Commonwealth.\n\nHISTORY: 1942, p. 326; Michie Code 1942, \u00a7 3145(4o).","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}