                                 CODE OF VIRGINIA

LOANS FOR INSTALLATION OF CERTAIN ENERGY-SAVING DEVICES (§ 36-55.31:1)

The Virginia Housing Development Authority shall establish a program of loans
for financing the purchase and installation of insulation, storm windows and
doors and solar or other alternative energy sources which will reduce the
reliance on present sources of energy for use in the dwellings of residents of
the Commonwealth or public or nonprofit buildings or facilities. Any and all
funds available through specific state appropriations or federal grants or other
state or federal assistance for such purposes may be utilized by the Virginia
Housing Development Authority. Any loan made pursuant to this section may be
secured by a mortgage or otherwise or may be unsecured, shall be repaid, shall
bear interest and shall be upon such terms and conditions as may be determined
by HDA in its rules and regulations or in the HDA resolution, or commitment for,
such loan. Any such loans made with respect to dwellings of residents of the
Commonwealth shall be limited to dwellings occupied by persons or families of
low and moderate income. The Commissioners of the Virginia Housing Development
Authority shall promulgate rules and regulations for the orderly administration
of this section.

HISTORY: 1977, c. 431; 1978, c. 631.