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2021 Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 22 - University of Virginia
§ 23.1-2207. Payment of interest on debt of University; sinking fund
Universal Citation: VA Code § 23.1-2207 (2021)
Out of the appropriation made by the General Assembly for the support of the University, 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 § 23.1-1109, and to constitute a sinking fund for the liquidation of the principal of such debt. Such sum shall be applied to no other purpose or object.
Code 1919, § 820, § 23-67; 2016, c. 588.
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