                                 CODE OF VIRGINIA

BONDS AND REVENUES; DISPOSITION (§ 23.1-1109)

All moneys derived from the sale of bonds pursuant to § 23.1-1106 and all
revenues derived from any source set forth in subdivision C 1 a, b, or c of §
23.1-1106, except those moneys that are exempt from deposit into the state
treasury, shall be paid into the state treasury, set aside in special funds, and
devoted solely to the payment of (i) the cost of erecting the project for which
such bonds have been issued, (ii) the principal of and the interest on such
bonds, and (iii) the cost of maintenance and operation of such project and any
other existing facilities for which any revenue is pledged either in whole or in
part to the payment of the principal of and the interest on such bonds,
respectively, and are specifically appropriated for such purposes to be paid out
by the State Treasurer on warrants of the Comptroller to be issued on vouchers
of the treasurer or other fiscal officer of the board of such institution.

HISTORY: 1933, p. 88, § 23-21; 1946, p. 187; 1962, c. 373; 1964, c. 635; 1997,
c. 308; 2016, c. 588.