<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62715</law_id><section_number>23.1-1104</section_number><catch_line>Institutions; powers; projects and bonds</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="23.1">Institutions of Higher Education; Other Educational and Cultural Institutions</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Management and Financing</unit><unit label="chapter" level="3" order_by="1" identifier="11">Bonds and Other Obligations</unit></structure><text>
						<section><p>With the prior consent of the Governor, any <span class="dictionary">institution</span> may acquire any <span class="dictionary">project</span> by purchase, gift, or otherwise, <span class="dictionary">erect</span> any <span class="dictionary">project</span>, or refinance the cost of acquiring or erecting any <span class="dictionary">project</span>, and in connection with any such acquisition, erection, or refinancing, any <span class="dictionary">institution</span> may borrow money; make, <span class="dictionary">issue</span>, and sell its <span class="dictionary">bonds</span> as provided in this chapter; and enter into and perform all lawful <span class="dictionary">contracts</span> and agreements, do all lawful acts necessary or proper, and make such lawful <span class="dictionary">contracts</span> and agreements and perform all such lawful acts as may be necessary, proper, or advisable for the purpose of obtaining or securing grants, loans, or financial assistance of any kind under any act of Congress or the Commonwealth.</p></section></text><history>1933, p. 85, &#xA7; 23-18; 1946, p. 184; 1966, c. 572; 2016, c. 588.</history><metadata></metadata></law>
