2015 Code of Virginia
Title 23 - Educational Institutions
§ 23-24. Prohibition against obligating Commonwealth
The bonds and other obligations of an institution shall not be in any way a debt of the Commonwealth and shall not create or constitute any indebtedness or obligation of the Commonwealth, either legal, moral or otherwise, nor shall they be payable out of any funds other than those of the institution and nothing in this chapter contained shall be construed to authorize any institution to incur any indebtedness on behalf of or in any way to obligate the Commonwealth.
1933, p. 91.
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