{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-1220.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-1220.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-1220.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-1220.html"}],"law_id":73805,"edition_id":1,"section_id":73805,"structure_id":14346,"section_number":"23.1-1220","catch_line":"Definitions","history":"1972, c. 686, \u00a7 23-30.41; 1973, c. 205; 2016, cc. 532, 588, 658.","full_text":"As used in this article, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia College Building Authority established in \u00a7 23.1-1200.\n\t\t“Bonds” or “revenue bonds” means revenue bonds of the Authority issued under the provisions of this article, including revenue refunding bonds, notes, and other obligations that may be secured by a mortgage, the full faith and credit, or any other lawfully pledged security of a participating institution.\n\t\t“Costs” means (i) all or any part of the cost of construction, acquisition, alteration, enlargement, reconstruction, and remodeling of a project, including all lands, structures, real or personal property, rights, rights-of-way, air rights, franchises, easements, and interests acquired or used in connection with a project; (ii) the cost of demolishing or removing any building or structure on land acquired in connection with a project, including the cost of acquiring any lands to which such building or structure may be moved, the cost of all machinery and equipment, financing charges, interest prior to, during, and for a period after completion of such construction and acquisition, provisions for reserves for principal and interest, and provisions for extensions, enlargements, additions, replacements, renovations, and improvements; (iii) the cost of architectural, engineering, financial, and legal services, plans, specifications, studies, surveys, and estimates of cost and revenues; (iv) administrative expenses; (v) expenses necessary or incident to determining the feasibility or practicability of constructing the project; and (vi) such other expenses as may be necessary or incident to constructing and acquiring the project, financing such construction, acquiring the project, and placing the project in operation.\n\t\t“Participating institution” means any (i) organization that is exempt from federal income taxation pursuant to \u00a7 501(c)(3) of the Internal Revenue Code and that is owned or controlled by a public institution of higher education or whose purpose is to support or otherwise benefit a public institution of higher education or (ii) nonprofit private institution of higher education in the Commonwealth whose primary purpose is to provide collegiate or graduate education and not to provide religious training or theological education that (a)(1) finances and constructs or (2) acquires a project or (b) refunds or refinances obligations, a mortgage, or advances as provided in this article.\n\t\t“Project” means a structure suitable for use as a dormitory or other multi-unit housing facility for students, faculty, officers, or employees, a dining hall, student union, administration building, academic building, library, laboratory, research facility, classroom, athletics facility, health care facility, maintenance, storage or utility facility, any related structure or facility, or any other structure or facility required or useful for instructing students, conducting research, or operating an institution of higher education, including parking facilities and other facilities or structures essential or convenient for the orderly conduct of such institution of higher education. “Project” includes landscaping, site preparation, furniture, equipment and machinery, and other similar items necessary or convenient for the intended use of a particular facility or structure. “Project” does not include books, fuel, supplies, or other items whose costs are customarily deemed to result in a current operating charge, any facility used for sectarian instruction or as a place of religious worship, or any facility used primarily in connection with any part of the program of a school or department of divinity for any religious denomination.","order_by":null,"text":{"0":{"id":265364,"text":"As used in this article, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia College Building Authority established in \u00a7 23.1-1200.\n\t\t“Bonds” or “revenue bonds” means revenue bonds of the Authority issued under the provisions of this article, including revenue refunding bonds, notes, and other obligations that may be secured by a mortgage, the full faith and credit, or any other lawfully pledged security of a participating institution.\n\t\t“Costs” means (i) all or any part of the cost of construction, acquisition, alteration, enlargement, reconstruction, and remodeling of a project, including all lands, structures, real or personal property, rights, rights-of-way, air rights, franchises, easements, and interests acquired or used in connection with a project; (ii) the cost of demolishing or removing any building or structure on land acquired in connection with a project, including the cost of acquiring any lands to which such building or structure may be moved, the cost of all machinery and equipment, financing charges, interest prior to, during, and for a period after completion of such construction and acquisition, provisions for reserves for principal and interest, and provisions for extensions, enlargements, additions, replacements, renovations, and improvements; (iii) the cost of architectural, engineering, financial, and legal services, plans, specifications, studies, surveys, and estimates of cost and revenues; (iv) administrative expenses; (v) expenses necessary or incident to determining the feasibility or practicability of constructing the project; and (vi) such other expenses as may be necessary or incident to constructing and acquiring the project, financing such construction, acquiring the project, and placing the project in operation.\n\t\t“Participating institution” means any (i) organization that is exempt from federal income taxation pursuant to \u00a7 501(c)(3) of the Internal Revenue Code and that is owned or controlled by a public institution of higher education or whose purpose is to support or otherwise benefit a public institution of higher education or (ii) nonprofit private institution of higher education in the Commonwealth whose primary purpose is to provide collegiate or graduate education and not to provide religious training or theological education that (a)(1) finances and constructs or (2) acquires a project or (b) refunds or refinances obligations, a mortgage, or advances as provided in this article.\n\t\t“Project” means a structure suitable for use as a dormitory or other multi-unit housing facility for students, faculty, officers, or employees, a dining hall, student union, administration building, academic building, library, laboratory, research facility, classroom, athletics facility, health care facility, maintenance, storage or utility facility, any related structure or facility, or any other structure or facility required or useful for instructing students, conducting research, or operating an institution of higher education, including parking facilities and other facilities or structures essential or convenient for the orderly conduct of such institution of higher education. “Project” includes landscaping, site preparation, furniture, equipment and machinery, and other similar items necessary or convenient for the intended use of a particular facility or structure. “Project” does not include books, fuel, supplies, or other items whose costs are customarily deemed to result in a current operating charge, any facility used for sectarian instruction or as a place of religious worship, or any facility used primarily in connection with any part of the program of a school or department of divinity for any religious denomination.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14346,"edition_id":1,"name":"Nonprofit Private Institutions of Higher Education; Projects","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":14345,"metadata":{},"date_created":"2026-06-26 03:47:49","date_modified":"2026-06-26 03:47:49","permalink":{"id":185819,"object_type":"structure","relational_id":14346,"identifier":"2","token":"23.1\/III\/12\/2","url":"\/23.1\/III\/12\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14345,"edition_id":1,"name":"Virginia College Building Authority","identifier":"12","label":"chapter","depth":3,"order_by":1,"parent_id":14060,"metadata":{},"date_created":"2026-06-26 03:47:49","date_modified":"2026-06-26 03:47:49","permalink":{"id":185735,"object_type":"structure","relational_id":14345,"identifier":"12","token":"23.1\/III\/12","url":"\/23.1\/III\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14060,"edition_id":1,"name":"Management and Financing","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:46:44","date_modified":"2026-06-26 03:46:44","permalink":{"id":185513,"object_type":"structure","relational_id":14060,"identifier":"III","token":"23.1\/III","url":"\/23.1\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; Other Educational and Cultural Institutions","identifier":"23.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184581,"object_type":"structure","relational_id":13111,"identifier":"23.1","token":"23.1","url":"\/23.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":73805,"structure_id":14346,"section_number":"23.1-1220","catch_line":"Definitions","url":"\/23.1-1220\/","token":"23.1\/III\/12\/2\/23.1-1220","metadata":false},{"id":83471,"structure_id":14346,"section_number":"23.1-1221","catch_line":"Declaration of policy and purpose","url":"\/23.1-1221\/","token":"23.1\/III\/12\/2\/23.1-1221","metadata":false},{"id":59362,"structure_id":14346,"section_number":"23.1-1222","catch_line":"Expenses of administering article","url":"\/23.1-1222\/","token":"23.1\/III\/12\/2\/23.1-1222","metadata":false},{"id":84443,"structure_id":14346,"section_number":"23.1-1223","catch_line":"Powers and duties of Authority","url":"\/23.1-1223\/","token":"23.1\/III\/12\/2\/23.1-1223","metadata":false},{"id":66894,"structure_id":14346,"section_number":"23.1-1224","catch_line":"Duties; conveyance of title to projects","url":"\/23.1-1224\/","token":"23.1\/III\/12\/2\/23.1-1224","metadata":false},{"id":76829,"structure_id":14346,"section_number":"23.1-1225","catch_line":"Powers; acquisition of property","url":"\/23.1-1225\/","token":"23.1\/III\/12\/2\/23.1-1225","metadata":false},{"id":84223,"structure_id":14346,"section_number":"23.1-1226","catch_line":"Powers; issuance of negotiable notes","url":"\/23.1-1226\/","token":"23.1\/III\/12\/2\/23.1-1226","metadata":false},{"id":59092,"structure_id":14346,"section_number":"23.1-1227","catch_line":"Powers; issuance of revenue bonds","url":"\/23.1-1227\/","token":"23.1\/III\/12\/2\/23.1-1227","metadata":false},{"id":60865,"structure_id":14346,"section_number":"23.1-1228","catch_line":"Powers; security for revenue bonds","url":"\/23.1-1228\/","token":"23.1\/III\/12\/2\/23.1-1228","metadata":false},{"id":61490,"structure_id":14346,"section_number":"23.1-1229","catch_line":"Powers and duties; rates, rents, fees and charges; sinking fund","url":"\/23.1-1229\/","token":"23.1\/III\/12\/2\/23.1-1229","metadata":false},{"id":70880,"structure_id":14346,"section_number":"23.1-1230","catch_line":"Powers; issuance of refunding revenue bonds","url":"\/23.1-1230\/","token":"23.1\/III\/12\/2\/23.1-1230","metadata":false},{"id":55658,"structure_id":14346,"section_number":"23.1-1231","catch_line":"Revenue bonds not obligations of Commonwealth or political subdivision","url":"\/23.1-1231\/","token":"23.1\/III\/12\/2\/23.1-1231","metadata":false},{"id":77411,"structure_id":14346,"section_number":"23.1-1232","catch_line":"Moneys received deemed trust funds","url":"\/23.1-1232\/","token":"23.1\/III\/12\/2\/23.1-1232","metadata":false},{"id":85842,"structure_id":14346,"section_number":"23.1-1233","catch_line":"Remedies of bondholders or holders of other obligations","url":"\/23.1-1233\/","token":"23.1\/III\/12\/2\/23.1-1233","metadata":false},{"id":59718,"structure_id":14346,"section_number":"23.1-1234","catch_line":"Exemption from taxation","url":"\/23.1-1234\/","token":"23.1\/III\/12\/2\/23.1-1234","metadata":false},{"id":73156,"structure_id":14346,"section_number":"23.1-1235","catch_line":"Bonds as legal investments","url":"\/23.1-1235\/","token":"23.1\/III\/12\/2\/23.1-1235","metadata":false},{"id":78104,"structure_id":14346,"section_number":"23.1-1236","catch_line":"Nature of article","url":"\/23.1-1236\/","token":"23.1\/III\/12\/2\/23.1-1236","metadata":false},{"id":70543,"structure_id":14346,"section_number":"23.1-1237","catch_line":"Article liberally construed","url":"\/23.1-1237\/","token":"23.1\/III\/12\/2\/23.1-1237","metadata":false},{"id":60580,"structure_id":14346,"section_number":"23.1-1238","catch_line":"Article controls inconsistent laws","url":"\/23.1-1238\/","token":"23.1\/III\/12\/2\/23.1-1238","metadata":false}],"next_section":{"id":83471,"structure_id":14346,"section_number":"23.1-1221","catch_line":"Declaration of policy and purpose","url":"\/23.1-1221\/","token":"23.1\/III\/12\/2\/23.1-1221","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-1220\/","history_text":"

This law was first created in 1972. The record of its establishment is cataloged in chapter 686 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1972 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1973, chapter 205; in 2016, chapters 532<\/a>, 588<\/a>, and 658<\/a>.<\/p>","references":[{"id":71767,"section_number":"23.1-1206","catch_line":"Powers; acquisition or disposition of equipment","order_by":null,"url":"\/23.1-1206\/"},{"id":86112,"section_number":"23.1-900","catch_line":"Academic transcripts; suspension, permanent dismissal, or withdrawal from institution","order_by":null,"url":"\/23.1-900\/"}],"refers_to":[{"id":84904,"section_number":"23.1-1200","catch_line":"Definitions; findings","order_by":null,"url":"\/23.1-1200\/"}],"permalink":{"id":185821,"object_type":"law","relational_id":73805,"identifier":"23.1-1220","token":"23.1\/III\/12\/2\/23.1-1220","url":"\/23.1-1220\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-1220\/","token":"23.1\/III\/12\/2\/23.1-1220","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-1220","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this article, unless the context requires a different meaning:\n\t\t“Authority<\/span>” means the Virginia College Building Authority<\/span> established in \u00a7 23.1-1200<\/a>.\n\t\t“Bonds” or “revenue bonds<\/span>” means revenue bonds<\/span> of the Authority<\/span> issued under the provisions of this article, including revenue refunding bonds, notes, and other obligations that may be secured by a mortgage, the full faith and credit, or any other lawfully pledged security of a participating institution<\/span>.\n\t\t“Costs<\/span>” means (i) all or any part of the cost of construction, acquisition, alteration, enlargement, reconstruction, and remodeling of a project<\/span>, including all lands, structures, real or personal property, rights, rights-of-way, air rights, franchises, easements, and interests acquired or used in connection with a project<\/span>; (ii) the cost of demolishing or removing any building or structure on land acquired in connection with a project<\/span>, including the cost of acquiring any lands to which such building or structure may be moved, the cost of all machinery and equipment, financing charges, interest prior to, during, and for a period after completion of such construction and acquisition, provisions for reserves for principal and interest, and provisions for extensions, enlargements, additions, replacements, renovations, and improvements; (iii) the cost of architectural, engineering, financial, and legal services, plans, specifications, studies, surveys, and estimates of cost and revenues; (iv) administrative expenses; (v) expenses necessary or incident to determining the feasibility or practicability of constructing the project<\/span>; and (vi) such other expenses as may be necessary or incident to constructing and acquiring the project<\/span>, financing such construction, acquiring the project<\/span>, and placing the project<\/span> in operation.\n\t\t“Participating institution<\/span>” means any (i) organization that is exempt from federal income taxation pursuant to \u00a7 501(c)(3) of the Internal Revenue Code and that is owned or controlled by a public institution of higher education<\/span> or whose purpose is to support or otherwise benefit a public institution of higher education<\/span> or (ii) nonprofit private institution of higher education<\/span><\/span> in the Commonwealth whose primary purpose is to provide collegiate or graduate education and not to provide religious training or theological education that (a)(1) finances and constructs or (2) acquires a project<\/span> or (b) refunds or refinances obligations, a mortgage, or advances as provided in this article.\n\t\t“Project<\/span>” means a structure suitable for use as a dormitory or other multi-unit housing facility for students, faculty, officers, or employees, a dining hall, student union, administration building, academic building, library, laboratory, research facility, classroom, athletics facility, health care facility, maintenance, storage or utility facility, any related structure or facility, or any other structure or facility required or useful for instructing students, conducting research, or operating an institution of higher education, including parking facilities and other facilities or structures essential or convenient for the orderly conduct of such institution of higher education. “Project<\/span>” includes landscaping, site preparation, furniture, equipment and machinery, and other similar items necessary or convenient for the intended use of a particular facility or structure. “Project<\/span>” does not include books, fuel, supplies, or other items whose costs<\/span> are customarily deemed to result in a current operating charge, any facility used for sectarian instruction or as a place of religious worship, or any facility used primarily in connection with any part of the program of a school or department of divinity for any religious denomination.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 23.1-1220)\n\nAs used in this article, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia College Building Authority\nestablished in \u00a7 23.1-1200.\n\t\t“Bonds” or “revenue bonds” means revenue bonds of the\nAuthority issued under the provisions of this article, including revenue\nrefunding bonds, notes, and other obligations that may be secured by a mortgage,\nthe full faith and credit, or any other lawfully pledged security of a\nparticipating institution.\n\t\t“Costs” means (i) all or any part of the cost of construction,\nacquisition, alteration, enlargement, reconstruction, and remodeling of a\nproject, including all lands, structures, real or personal property, rights,\nrights-of-way, air rights, franchises, easements, and interests acquired or used\nin connection with a project; (ii) the cost of demolishing or removing any\nbuilding or structure on land acquired in connection with a project, including\nthe cost of acquiring any lands to which such building or structure may be\nmoved, the cost of all machinery and equipment, financing charges, interest\nprior to, during, and for a period after completion of such construction and\nacquisition, provisions for reserves for principal and interest, and provisions\nfor extensions, enlargements, additions, replacements, renovations, and\nimprovements; (iii) the cost of architectural, engineering, financial, and legal\nservices, plans, specifications, studies, surveys, and estimates of cost and\nrevenues; (iv) administrative expenses; (v) expenses necessary or incident to\ndetermining the feasibility or practicability of constructing the project; and\n(vi) such other expenses as may be necessary or incident to constructing and\nacquiring the project, financing such construction, acquiring the project, and\nplacing the project in operation.\n\t\t“Participating institution” means any (i) organization that is\nexempt from federal income taxation pursuant to \u00a7 501(c)(3) of the Internal\nRevenue Code and that is owned or controlled by a public institution of higher\neducation or whose purpose is to support or otherwise benefit a public\ninstitution of higher education or (ii) nonprofit private institution of higher\neducation in the Commonwealth whose primary purpose is to provide collegiate or\ngraduate education and not to provide religious training or theological\neducation that (a)(1) finances and constructs or (2) acquires a project or (b)\nrefunds or refinances obligations, a mortgage, or advances as provided in this\narticle.\n\t\t“Project” means a structure suitable for use as a dormitory or\nother multi-unit housing facility for students, faculty, officers, or employees,\na dining hall, student union, administration building, academic building,\nlibrary, laboratory, research facility, classroom, athletics facility, health\ncare facility, maintenance, storage or utility facility, any related structure\nor facility, or any other structure or facility required or useful for\ninstructing students, conducting research, or operating an institution of higher\neducation, including parking facilities and other facilities or structures\nessential or convenient for the orderly conduct of such institution of higher\neducation. “Project” includes landscaping, site preparation,\nfurniture, equipment and machinery, and other similar items necessary or\nconvenient for the intended use of a particular facility or structure.\n“Project” does not include books, fuel, supplies, or other items\nwhose costs are customarily deemed to result in a current operating charge, any\nfacility used for sectarian instruction or as a place of religious worship, or\nany facility used primarily in connection with any part of the program of a\nschool or department of divinity for any religious denomination.\n\nHISTORY: 1972, c. 686, \u00a7 23-30.41; 1973, c. 205; 2016, cc. 532, 588, 658.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}