                                 CODE OF VIRGINIA

BORROWING MONEY (§ 15.2-5339)

An authority shall have power to borrow money upon its bonds, notes, debentures,
or other evidences of indebtedness and to secure the same by pledges of its
revenues in the manner and to the extent hereinafter provided and, in connection
with any loan by a government, to agree to limitations upon the exercise of any
powers conferred upon the authority by this chapter. This power shall include
the power to refinance all or any portion of such debt, to renegotiate the terms
of all or any portion of such debt, and to retire all or any portion of such
debt prior to its maturity date.

HISTORY: Code 1950, § 32-253; 1979, c. 719, § 15.1-1574; 1997, c. 587; 2006,
c. 658.