# Article 7 Virginia Small Business Financing Authority

This article is comprised of the following sections:

- §2.2-2279 Short title; definitions
- §2.2-2280 Declaration of public purpose; Authority created
- §2.2-2281 Construction of article
- §2.2-2282 Board of directors; membership; terms, compensation and expenses; chairman, vice-chairman, secretary and treasurer; quorum; staff
- §2.2-2283 Meetings of the Board
- §2.2-2284 Executive Director; appointment; duties
- §2.2-2285 Powers of the Authority
- §2.2-2286 Power to condemn
- §2.2-2287 Power to borrow money and issue bonds
- §2.2-2288 Power to issue bonds to purchase ninety percent guaranteed portion of loans
- §2.2-2289 Power to issue umbrella bonds
- §2.2-2290 Insurance or guarantee fund
- §2.2-2291 Security for bonds; fees and expenses; limitations
- §2.2-2292 Public hearing and approval
- §2.2-2293 Loans to lenders; conditions
- §2.2-2294 Investment in, purchase or assignment of loans; conditions
- §2.2-2295 Regulations of the Authority
- §2.2-2296 How bonds paid and secured
- §2.2-2297 Liability of Commonwealth, political subdivisions and members of Board
- §2.2-2298 Authorization of bonds by resolution; contents of bond sale; manner
- §2.2-2299 Resolution authorizing issuance of bonds; provisions
- §2.2-2300 Pledge by Authority
- §2.2-2301 Purchase of bonds of Authority
- §2.2-2302 Bonds secured by indenture; contents; expenses; how treated
- §2.2-2303 Signatures of prior members or officers; validity
- §2.2-2304 Deposit of money; expenditures; security for deposits
- §2.2-2305 Contracts with holders of bonds; how money secured
- §2.2-2306 Bondholder protection
- §2.2-2307 Bonds as legal investments and securities
- §2.2-2308 Expenses of Authority; liability of Commonwealth or political subdivision prohibited
- §2.2-2309 Creation, administration, and management of Virginia Export Fund
- §2.2-2310 Creation, administration, and management of Virginia Small Business Growth Fund
- §2.2-2311 Repealed
- §2.2-2311.1 Creation, administration, and management of the Small, Women-owned, and Minority-owned Business Loan Fund
- §2.2-2312 Annual report; audit
- §2.2-2312.1 Risk-based review of outstanding loans; report
- §2.2-2313 Exemption from taxation
- §2.2-2314 Administrative Process Act not applicable