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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>83471</law_id><section_number>23.1-1221</section_number><catch_line>Declaration of policy and purpose</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="12">Virginia College Building Authority</unit><unit label="article" level="4" order_by="1" identifier="2">Nonprofit Private Institutions of Higher Education; Projects</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> For the benefit of the people of the Commonwealth, the increase of their commerce, welfare, and prosperity, and the improvement of their health and living conditions, it is essential that (i) this and future generations of youth be given the fullest opportunity to learn and develop their intellectual and mental capacities and (ii) <span class="dictionary">participating institutions</span> be provided with appropriate additional means to assist such youth in achieving the required levels of learning and development of their intellectual and mental capacities. <a id="paragraph-299099" class="section-permalink" href="https://vacode.org/23.1-1221/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The purpose of this article is to provide a measure of assistance and an alternative method to enable <span class="dictionary">participating institutions</span> to provide the facilities and structures that are sorely needed to accomplish the purposes of this article, all to the public benefit and good, to the extent and manner provided in this article. <a id="paragraph-299100" class="section-permalink" href="https://vacode.org/23.1-1221/#B"><i class="fa fa-link"/></a></p></section></text><history>1972, c. 686, &#xA7; 23-30.39; 2016, c. 588.</history><metadata></metadata></law>
