State Codes and Statutes
Statutes > Virginia > Title-15-2 > Chapter-53 > 15-2-5339§ 15.2-5339. Borrowing money.
An authority shall have power to borrow money upon its bonds, notes,debentures, or other evidences of indebtedness and to secure the same bypledges of its revenues in the manner and to the extent hereinafter providedand, in connection with any loan by a government, to agree to limitationsupon the exercise of any powers conferred upon the authority by this chapter.This power shall include the power to refinance all or any portion of suchdebt, to renegotiate the terms of all or any portion of such debt, and toretire all or any portion of such debt prior to its maturity date.
(Code 1950, § 32-253; 1979, c. 719, § 15.1-1574; 1997, c. 587; 2006, c. 658.)
