<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>63389</law_id><section_number>10.1-1606</section_number><catch_line>Use of bond proceeds</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="10.1">Conservation</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Activities Administered by Other Entities</unit><unit label="chapter" level="3" order_by="1" identifier="16">Virginia Recreational Facilities Authority Act</unit></structure><text>
						<section><p>The proceeds of the <span class="dictionary"><span class="dictionary">bonds</span></span> of each <span class="dictionary">issue</span> shall be used solely for the purposes of the <span class="dictionary">Authority</span> provided in the resolution authorizing the issuance of the <span class="dictionary"><span class="dictionary">bonds</span></span> or in the trust agreement authorized in this chapter.</p></section></text><history>1986, c. 360, &#xA7; 10-158.6; 1988, c. 891.</history><metadata></metadata></law>
