<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>352462</law_id><section_number>2.2-2296</section_number><catch_line>How bonds paid and secured</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="3" identifier="2.2">Administration of Government</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Organization of State Government</unit><unit label="part" level="3" order_by="4" identifier="D">State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies</unit><unit label="chapter" level="4" order_by="2" identifier="22">Authorities</unit><unit label="article" level="5" order_by="6" identifier="7">Virginia Small Business Financing Authority</unit></structure><text>
						<section><p>Except as may otherwise be expressly provided by the <span class="dictionary">Authority</span> in proceedings relating to a particular <span class="dictionary">issue</span> of <span class="dictionary"><span class="dictionary">bonds</span></span>, every <span class="dictionary">issue</span> of its <span class="dictionary"><span class="dictionary">bonds</span></span> shall be payable solely out of any revenues of the <span class="dictionary">Authority</span>. The <span class="dictionary"><span class="dictionary">bonds</span></span> additionally may be secured by a pledge of any grant, contribution or guarantee from the federal government or any person or a pledge by the <span class="dictionary">Authority</span> of any revenues from any source.</p></section></text><history>1984, c. 749, &#xA7; 9-220; 2001, c. 844.</history><metadata></metadata></law>
