2015 Code of Virginia
Title 23 - Educational Institutions
§ 23-30.03. Interest

VA Code § 23-30.03 (2015) What's This?

No bond issued by institutions pursuant to this chapter (a) shall bear interest at a per centum per annum rate exceeding the greater of the rates authorized under § 6.2-303 or under § 15.2-2612, or (b) shall be sold at public or private sale such that the interest cost to maturity shall exceed the greater of such per centum per annum rates as is authorized under § 6.2-303 or under § 15.2-2612.

1970, c. 609.

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