<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>61362</law_id><section_number>2.2-2361</section_number><catch_line>Grants or loans of public or private funds</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="2.2">Administration of Government</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Organization of State Government</unit><unit label="part" level="3" order_by="1" identifier="D">State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies</unit><unit label="chapter" level="4" order_by="1" identifier="22">Authorities</unit><unit label="article" level="5" order_by="1" identifier="11">Commonwealth of Virginia Innovation Partnership Act</unit></structure><text>
						<section><p>The <span class="dictionary">Authority</span> may accept, receive, receipt for, disburse, and expend federal and <span class="dictionary">state</span> moneys and other moneys, public or private, made available by grant or loan or both or otherwise, to accomplish, in whole or in part, any of the purposes of this article. All federal moneys accepted under this section shall be accepted and expended by the <span class="dictionary">Authority</span> upon such terms and conditions as are prescribed by the United <span class="dictionary">States</span> and as are consistent with <span class="dictionary">state</span> <span class="dictionary">law</span>; and all <span class="dictionary">state</span> moneys accepted under this section shall be accepted and expended by the <span class="dictionary">Authority</span> upon such terms and conditions as are prescribed by the <span class="dictionary">Commonwealth</span>.</p></section></text><history>2020, cc. 1164, 1169.</history><metadata></metadata></law>
