{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/51.5-56.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/51.5-56.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/51.5-56.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/51.5-56.html"}],"law_id":56342,"edition_id":1,"section_id":56342,"structure_id":14701,"section_number":"51.5-56","catch_line":"Powers of the Authority","history":"1995, c. 812; 2002, c. 19; 2004, c. 728; 2006, cc. 344, 380.","full_text":"The Authority is hereby granted all powers necessary or appropriate to carry out and effectuate its purposes including, but not limited to, the following powers to:\n\n1\n\nHave perpetual existence as a public body corporate and as a political subdivision of the Commonwealth;2\n\nAdopt, amend, and repeal bylaws, rules and regulations not inconsistent with this chapter, to regulate its affairs and to carry into effect the powers and the purposes of the Authority and for the conduct of its business. All regulations of the Authority shall be promulgated in accordance with the Administrative Process Act (§ 2.2-4000 et seq.);3\n\nSue and be sued in its name;4\n\nHave an official seal and alter it at will;5\n\nEstablish, administer, manage, including the creation of reserves, and make expenditures from the Fund for the sole purpose of providing loans to individuals with disabilities for the acquisition of assistive technology, other equipment, or other authorized purposes;6\n\nAdminister the Fund established by this chapter and contract with the State Treasurer and other state or community-based entities or groups working with persons with disabilities for such assistance in administering the loan program as the Board may require;7\n\nMaintain an office at such place or places within the Commonwealth as it may designate;8\n\nMake and execute contracts and all other instruments necessary and convenient for the performance of its duties and the exercise of its powers under this chapter upon such terms and conditions as it deems appropriate, including contracts with appropriate state or community-based entities or groups dealing with disabled persons;9\n\nEmploy office personnel, advisers, consultants, professionals and agents as may be necessary in its judgment, and to fix their compensation. The Board shall appoint an executive director who is subordinate to the Board, and the Board shall ensure that the executive director complies with all Board, regulatory, and statutory directives. Legal services in civil matters shall be rendered and performed by the Attorney General in accordance with Chapter 5 (§ 2.2-500 et seq.) of Title 2.2, and special counsel may only be employed with approval and appointment by the Attorney General or as may otherwise be authorized by § 2.2-510;10\n\nProcure insurance against any loss in connection with its property and other assets, including, but not limited to, loans in such amounts and from such insurers as it may deem advisable;11\n\nReceive, hold, accept, and administer from any source gifts, grants, aid or contributions of money, property, labor or other things of value to be held, used and applied to carry out the purposes of this chapter (subject, however, to any conditions upon which grants or contributions are made) including, but not limited to, gifts, grants, bequests of money or devises from any source, including the federal government or any of its agencies or instrumentalities for the purposes of this chapter. Unless otherwise restricted by the terms of the gift or bequest, the Board is authorized to sell, exchange, or otherwise dispose of such money, securities, or other property given or bequeathed to it in furtherance of its purposes;12\n\nBorrow money to carry out the purposes of this chapter and to execute evidences of such indebtedness and to secure the same and to issue negotiable revenue bonds payable solely from funds pledged for that purpose and to provide for the payment of the same and for the rights of the holders thereof, provided that, any moneys borrowed, whether through the use of bonds or other indebtedness, may be secured or paid solely from funds received pursuant to subdivision 11 or funds received from the fees and charges imposed by the Authority pursuant to subdivision 14;13\n\nUse any fund or funds of the Authority for any and all expenses to be paid by the Authority including, by way of example, but not by limitation, any and all expenses for administrative, legal, and other services;14\n\nCollect fees and charges, as the Authority determines to be reasonable, in connection with its loans, insurance, guarantees, commitments and servicing thereof;15\n\nTake any action necessary or convenient for the exercise of the powers granted by this chapter or reasonably implied from them; and16\n\nMaintain the confidentiality of financial, medical, rehabilitative and other personal information submitted to or maintained by the Authority concerning applicants for or recipients of loan funds. Such information shall not be subject to the mandatory disclosure provisions of § 2.2-3704 or the public meeting requirements of § 2.2-3711 of the Virginia Freedom of Information Act.","order_by":null,"text":{"0":{"id":206337,"text":"The Authority is hereby granted all powers necessary or appropriate to carry out and effectuate its purposes including, but not limited to, the following powers to:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":206338,"text":"Have perpetual existence as a public body corporate and as a political subdivision of the Commonwealth;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":206339,"text":"Adopt, amend, and repeal bylaws, rules and regulations not inconsistent with this chapter, to regulate its affairs and to carry into effect the powers and the purposes of the Authority and for the conduct of its business. All regulations of the Authority shall be promulgated in accordance with the Administrative Process Act (§ 2.2-4000 et seq.);","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":206340,"text":"Sue and be sued in its name;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":206341,"text":"Have an official seal and alter it at will;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":206342,"text":"Establish, administer, manage, including the creation of reserves, and make expenditures from the Fund for the sole purpose of providing loans to individuals with disabilities for the acquisition of assistive technology, other equipment, or other authorized purposes;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":206343,"text":"Administer the Fund established by this chapter and contract with the State Treasurer and other state or community-based entities or groups working with persons with disabilities for such assistance in administering the loan program as the Board may require;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":206344,"text":"Maintain an office at such place or places within the Commonwealth as it may designate;","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":206345,"text":"Make and execute contracts and all other instruments necessary and convenient for the performance of its duties and the exercise of its powers under this chapter upon such terms and conditions as it deems appropriate, including contracts with appropriate state or community-based entities or groups dealing with disabled persons;","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":206346,"text":"Employ office personnel, advisers, consultants, professionals and agents as may be necessary in its judgment, and to fix their compensation. The Board shall appoint an executive director who is subordinate to the Board, and the Board shall ensure that the executive director complies with all Board, regulatory, and statutory directives. Legal services in civil matters shall be rendered and performed by the Attorney General in accordance with Chapter 5 (§ 2.2-500 et seq.) of Title 2.2, and special counsel may only be employed with approval and appointment by the Attorney General or as may otherwise be authorized by § 2.2-510;","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8","next_prefix":"10"},"10":{"id":206347,"text":"Procure insurance against any loss in connection with its property and other assets, including, but not limited to, loans in such amounts and from such insurers as it may deem advisable;","type":"section","prefixes":["10"],"prefix":"10","entire_prefix":"10","prefix_anchor":"10","level":1,"prior_prefix":"9","next_prefix":"11"},"11":{"id":206348,"text":"Receive, hold, accept, and administer from any source gifts, grants, aid or contributions of money, property, labor or other things of value to be held, used and applied to carry out the purposes of this chapter (subject, however, to any conditions upon which grants or contributions are made) including, but not limited to, gifts, grants, bequests of money or devises from any source, including the federal government or any of its agencies or instrumentalities for the purposes of this chapter. Unless otherwise restricted by the terms of the gift or bequest, the Board is authorized to sell, exchange, or otherwise dispose of such money, securities, or other property given or bequeathed to it in furtherance of its purposes;","type":"section","prefixes":["11"],"prefix":"11","entire_prefix":"11","prefix_anchor":"11","level":1,"prior_prefix":"10","next_prefix":"12"},"12":{"id":206349,"text":"Borrow money to carry out the purposes of this chapter and to execute evidences of such indebtedness and to secure the same and to issue negotiable revenue bonds payable solely from funds pledged for that purpose and to provide for the payment of the same and for the rights of the holders thereof, provided that, any moneys borrowed, whether through the use of bonds or other indebtedness, may be secured or paid solely from funds received pursuant to subdivision 11 or funds received from the fees and charges imposed by the Authority pursuant to subdivision 14;","type":"section","prefixes":["12"],"prefix":"12","entire_prefix":"12","prefix_anchor":"12","level":1,"prior_prefix":"11","next_prefix":"13"},"13":{"id":206350,"text":"Use any fund or funds of the Authority for any and all expenses to be paid by the Authority including, by way of example, but not by limitation, any and all expenses for administrative, legal, and other services;","type":"section","prefixes":["13"],"prefix":"13","entire_prefix":"13","prefix_anchor":"13","level":1,"prior_prefix":"12","next_prefix":"14"},"14":{"id":206351,"text":"Collect fees and charges, as the Authority determines to be reasonable, in connection with its loans, insurance, guarantees, commitments and servicing thereof;","type":"section","prefixes":["14"],"prefix":"14","entire_prefix":"14","prefix_anchor":"14","level":1,"prior_prefix":"13","next_prefix":"15"},"15":{"id":206352,"text":"Take any action necessary or convenient for the exercise of the powers granted by this chapter or reasonably implied from them; and","type":"section","prefixes":["15"],"prefix":"15","entire_prefix":"15","prefix_anchor":"15","level":1,"prior_prefix":"14","next_prefix":"16"},"16":{"id":206353,"text":"Maintain the confidentiality of financial, medical, rehabilitative and other personal information submitted to or maintained by the Authority concerning applicants for or recipients of loan funds. Such information shall not be subject to the mandatory disclosure provisions of § 2.2-3704 or the public meeting requirements of § 2.2-3711 of the Virginia Freedom of Information Act.","type":"section","prefixes":["16"],"prefix":"16","entire_prefix":"16","prefix_anchor":"16","level":1,"prior_prefix":"15"}},"ancestry":[{"id":14701,"edition_id":1,"name":"Assistive Technology Loan Fund Authority","identifier":"11","label":"chapter","depth":2,"order_by":1,"parent_id":12761,"metadata":{},"date_created":"2026-06-26 03:49:24","date_modified":"2026-06-26 03:49:24","permalink":{"id":236411,"object_type":"structure","relational_id":14701,"identifier":"11","token":"51.5\/11","url":"\/51.5\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12761,"edition_id":1,"name":"Persons With Disabilities","identifier":"51.5","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":236393,"object_type":"structure","relational_id":12761,"identifier":"51.5","token":"51.5","url":"\/51.5\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75283,"structure_id":14701,"section_number":"51.5-53","catch_line":"Definitions","url":"\/51.5-53\/","token":"51.5\/11\/51.5-53","metadata":false},{"id":66289,"structure_id":14701,"section_number":"51.5-54","catch_line":"Declaration of purpose; Assistive Technology Loan Fund Authority established","url":"\/51.5-54\/","token":"51.5\/11\/51.5-54","metadata":false},{"id":67889,"structure_id":14701,"section_number":"51.5-55","catch_line":"Membership of Board; terms, compensation, and expenses","url":"\/51.5-55\/","token":"51.5\/11\/51.5-55","metadata":false},{"id":56342,"structure_id":14701,"section_number":"51.5-56","catch_line":"Powers of the Authority","url":"\/51.5-56\/","token":"51.5\/11\/51.5-56","metadata":false},{"id":86018,"structure_id":14701,"section_number":"51.5-57","catch_line":"Assistive Technology Loan Fund established","url":"\/51.5-57\/","token":"51.5\/11\/51.5-57","metadata":false},{"id":82452,"structure_id":14701,"section_number":"51.5-58","catch_line":"Provision of loans","url":"\/51.5-58\/","token":"51.5\/11\/51.5-58","metadata":false},{"id":74949,"structure_id":14701,"section_number":"51.5-59","catch_line":"Annual report; Auditor of Public Accounts to audit books and accounts","url":"\/51.5-59\/","token":"51.5\/11\/51.5-59","metadata":false}],"previous_section":{"id":67889,"structure_id":14701,"section_number":"51.5-55","catch_line":"Membership of Board; terms, compensation, and expenses","url":"\/51.5-55\/","token":"51.5\/11\/51.5-55","metadata":false},"next_section":{"id":86018,"structure_id":14701,"section_number":"51.5-57","catch_line":"Assistive Technology Loan Fund established","url":"\/51.5-57\/","token":"51.5\/11\/51.5-57","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.5-56\/","history_text":"

This law was first created in 1995. The record of its establishment is cataloged in chapter 812<\/a> 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. It has been modified 3 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 2002, chapter 19<\/a>; in 2004, chapter 728<\/a>; in 2006, chapters 344<\/a> and 380<\/a>.<\/p>","references":false,"refers_to":[{"id":55816,"section_number":"2.2-3704","catch_line":"Public records to be open to inspection; procedure for requesting records and responding to request; charges; transfer of records for storage, etc","order_by":null,"url":"\/2.2-3704\/"},{"id":72789,"section_number":"2.2-3711","catch_line":"(Effective July 1, 2026) Closed meetings authorized for certain limited purposes","order_by":null,"url":"\/2.2-3711\/"},{"id":86911,"section_number":"2.2-4000","catch_line":"Short title; purpose","order_by":null,"url":"\/2.2-4000\/"},{"id":78581,"section_number":"2.2-500","catch_line":"Attorney General to be chief executive officer; duties generally","order_by":null,"url":"\/2.2-500\/"},{"id":71775,"section_number":"2.2-510","catch_line":"Employment of special counsel generally","order_by":null,"url":"\/2.2-510\/"}],"permalink":{"id":236425,"object_type":"law","relational_id":56342,"identifier":"51.5-56","token":"51.5\/11\/51.5-56","url":"\/51.5-56\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/51.5-56\/","token":"51.5\/11\/51.5-56","dublin_core":{"Title":"Powers of the Authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.5-56","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> is hereby granted all powers necessary or appropriate to carry out and effectuate its purposes including, but not limited to, the following powers to:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Have perpetual existence as a public body corporate and as a political subdivision of the Commonwealth; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Adopt, amend<\/span>, and repeal bylaws, rules and regulations not inconsistent with this chapter, to regulate its affairs and to carry into effect the powers and the purposes of the Authority<\/span> and for the conduct of its business. All regulations of the Authority<\/span> shall be promulgated in accordance with the Administrative Process Act (§ 2.2-4000<\/a> et seq.); <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Sue and be sued in its name; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Have an official seal and alter it at will; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Establish, administer, manage, including the creation of reserves, and make expenditures from the Fund<\/span> for the sole purpose of providing loans to individuals with disabilities for the acquisition of assistive technology<\/span>, other equipment, or other authorized purposes; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Administer the Fund<\/span> established by this chapter and contract<\/span> with the State Treasurer and other state or community-based entities or groups working with persons with disabilities for such assistance in administering the loan program as the Board<\/span> may require; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Maintain an office at such place or places within the Commonwealth as it may designate; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Make and execute contracts<\/span> and all other instruments necessary and convenient for the performance of its duties and the exercise of its powers under this chapter upon such terms and conditions as it deems appropriate, including contracts<\/span> with appropriate state or community-based entities or groups dealing with disabled persons; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Employ office personnel, advisers, consultants, professionals and agents as may be necessary in its judgment<\/span>, and to fix their compensation. The Board<\/span> shall appoint an executive director who is subordinate to the Board<\/span>, and the Board<\/span> shall ensure that the executive director complies with all Board<\/span>, regulatory, and statutory directives. Legal services in civil matters shall be rendered and performed by the Attorney General<\/span> in accordance with Chapter 5 (§ 2.2-500<\/a> et seq.) of Title 2.2, and special counsel<\/span> may only be employed with approval and appointment by the Attorney General<\/span> or as may otherwise be authorized by § 2.2-510<\/a>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Procure insurance against any loss in connection with its property and other assets<\/span>, including, but not limited to, loans in such amounts and from such insurers as it may deem advisable; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

11.<\/span> Receive, hold, accept, and administer from any source gifts, grants, aid or contributions of money, property, labor or other things of value to be held, used and applied to carry out the purposes of this chapter (subject, however, to any conditions upon which grants or contributions are made) including, but not limited to, gifts, grants, bequests of money or devises from any source, including the federal government or any of its agencies or instrumentalities for the purposes of this chapter. Unless otherwise restricted by the terms of the gift or bequest, the Board<\/span> is authorized to sell, exchange, or otherwise dispose of such money, securities, or other property given or bequeathed to it in furtherance of its purposes; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

12.<\/span> Borrow money to carry out the purposes of this chapter and to execute evidences<\/span> of such indebtedness and to secure the same and to issue<\/span> negotiable revenue bonds<\/span><\/span> payable solely from funds<\/span> pledged for that purpose and to provide for the payment of the same and for the rights of the holders thereof, provided that, any moneys borrowed, whether through the use of bonds<\/span><\/span> or other indebtedness, may be secured or paid solely from funds<\/span> received pursuant to subdivision 11 or funds<\/span> received from the fees and charges imposed by the Authority<\/span> pursuant to subdivision 14; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

13.<\/span> Use any fund<\/span> or funds<\/span> of the Authority<\/span> for any and all expenses to be paid by the Authority<\/span> including, by way of example, but not by limitation, any and all expenses for administrative, legal, and other services; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

14.<\/span> Collect fees and charges, as the Authority<\/span> determines to be reasonable, in connection with its loans, insurance, guarantees, commitments and servicing thereof; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

15.<\/span> Take any action necessary or convenient for the exercise of the powers granted by this chapter or reasonably implied from them; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

16.<\/span> Maintain the confidentiality of financial, medical, rehabilitative and other personal information submitted to or maintained by the Authority<\/span> concerning applicants for or recipients of loan funds<\/span>. Such information shall not be subject to the mandatory disclosure provisions of § 2.2-3704<\/a> or the public meeting requirements of § 2.2-3711<\/a> of the Virginia Freedom of Information Act. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWERS OF THE AUTHORITY (\u00a7 51.5-56)\n\nThe Authority is hereby granted all powers necessary or appropriate to carry out\nand effectuate its purposes including, but not limited to, the following powers\nto:\n\n1. Have perpetual existence as a public body corporate and as a political\nsubdivision of the Commonwealth;\n\n2. Adopt, amend, and repeal bylaws, rules and regulations not inconsistent with\nthis chapter, to regulate its affairs and to carry into effect the powers and\nthe purposes of the Authority and for the conduct of its business. All\nregulations of the Authority shall be promulgated in accordance with the\nAdministrative Process Act (§ 2.2-4000 et seq.);\n\n3. Sue and be sued in its name;\n\n4. Have an official seal and alter it at will;\n\n5. Establish, administer, manage, including the creation of reserves, and make\nexpenditures from the Fund for the sole purpose of providing loans to\nindividuals with disabilities for the acquisition of assistive technology, other\nequipment, or other authorized purposes;\n\n6. Administer the Fund established by this chapter and contract with the State\nTreasurer and other state or community-based entities or groups working with\npersons with disabilities for such assistance in administering the loan program\nas the Board may require;\n\n7. Maintain an office at such place or places within the Commonwealth as it may\ndesignate;\n\n8. Make and execute contracts and all other instruments necessary and convenient\nfor the performance of its duties and the exercise of its powers under this\nchapter upon such terms and conditions as it deems appropriate, including\ncontracts with appropriate state or community-based entities or groups dealing\nwith disabled persons;\n\n9. Employ office personnel, advisers, consultants, professionals and agents as\nmay be necessary in its judgment, and to fix their compensation. The Board shall\nappoint an executive director who is subordinate to the Board, and the Board\nshall ensure that the executive director complies with all Board, regulatory,\nand statutory directives. Legal services in civil matters shall be rendered and\nperformed by the Attorney General in accordance with Chapter 5 (§ 2.2-500\net seq.) of Title 2.2, and special counsel may only be employed with approval\nand appointment by the Attorney General or as may otherwise be authorized by\n§ 2.2-510;\n\n10. Procure insurance against any loss in connection with its property and other\nassets, including, but not limited to, loans in such amounts and from such\ninsurers as it may deem advisable;\n\n11. Receive, hold, accept, and administer from any source gifts, grants, aid or\ncontributions of money, property, labor or other things of value to be held,\nused and applied to carry out the purposes of this chapter (subject, however, to\nany conditions upon which grants or contributions are made) including, but not\nlimited to, gifts, grants, bequests of money or devises from any source,\nincluding the federal government or any of its agencies or instrumentalities for\nthe purposes of this chapter. Unless otherwise restricted by the terms of the\ngift or bequest, the Board is authorized to sell, exchange, or otherwise dispose\nof such money, securities, or other property given or bequeathed to it in\nfurtherance of its purposes;\n\n12. Borrow money to carry out the purposes of this chapter and to execute\nevidences of such indebtedness and to secure the same and to issue negotiable\nrevenue bonds payable solely from funds pledged for that purpose and to provide\nfor the payment of the same and for the rights of the holders thereof, provided\nthat, any moneys borrowed, whether through the use of bonds or other\nindebtedness, may be secured or paid solely from funds received pursuant to\nsubdivision 11 or funds received from the fees and charges imposed by the\nAuthority pursuant to subdivision 14;\n\n13. Use any fund or funds of the Authority for any and all expenses to be paid\nby the Authority including, by way of example, but not by limitation, any and\nall expenses for administrative, legal, and other services;\n\n14. Collect fees and charges, as the Authority determines to be reasonable, in\nconnection with its loans, insurance, guarantees, commitments and servicing\nthereof;\n\n15. Take any action necessary or convenient for the exercise of the powers\ngranted by this chapter or reasonably implied from them; and\n\n16. Maintain the confidentiality of financial, medical, rehabilitative and other\npersonal information submitted to or maintained by the Authority concerning\napplicants for or recipients of loan funds. Such information shall not be\nsubject to the mandatory disclosure provisions of § 2.2-3704 or the public\nmeeting requirements of § 2.2-3711 of the Virginia Freedom of Information\nAct.\n\nHISTORY: 1995, c. 812; 2002, c. 19; 2004, c. 728; 2006, cc. 344, 380.","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}}