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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>83342</law_id><section_number>15.2-2438</section_number><catch_line>Sale of loans</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="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Powers of Local Government</unit><unit label="chapter" level="3" order_by="1" identifier="24.3">Virginia Infrastructure Project Loan Fund</unit></structure><text>
						<section><p>The <span class="dictionary">Authority</span> is empowered at any time and from time to time to sell, upon such terms and conditions as the <span class="dictionary">Authority</span> shall deem appropriate, any loan, or interest therein, made pursuant to this chapter. The net proceeds of sale remaining after payment of the costs and expenses of the sale shall be designated for deposit to, and become part of, the <span class="dictionary">Fund</span>.</p></section></text><history>2010, c. 724.</history><metadata></metadata></law>
