                                 CODE OF VIRGINIA

PRIORITIZATION OF LOANS (§ 15.2-2425)

In approving loans, the Authority shall give preference to loans for projects
that will (i) utilize private industry in the operation and maintenance of such
projects where a material savings in cost can be shown over public operation and
maintenance, (ii) serve two or more local governments to encourage regional
cooperation, or (iii) provide broadband services in areas with a demonstrated
need that, in the opinion of the Secretary of Administration and the Secretary
of Commerce and Trade, are currently unserved by broadband providers.

HISTORY: 2009, c. 131; 2020, c. 738.