2015 Code of Virginia
Title 23 - Educational Institutions
§ 23-67. Payment of interest on debt of University; sinking fund

VA Code § 23-67 (2015) What's This?

Out of the appropriation made by the General Assembly for the support of the University of Virginia, there shall be first set apart, annually, a sum sufficient to pay the interest accruing on the existing interest-bearing debt of the University, except as provided in § 23-21, and to constitute a sinking fund for the liquidation of the principal of the same; and such sum shall be applied to no other purpose or object whatever.

Code 1919, § 820.

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