                                 CODE OF VIRGINIA

STADIUM AUTHORITY FINANCING FUND; USE (§ 15.2-5811)

A. There is hereby created a Virginia Baseball Stadium Authority Financing Fund
(&#8220;Fund&#8221;). The Authority shall use the Fund as a nonlapsing revolving
fund for carrying out the provisions of this chapter.

B. All of the following receipts of the Authority shall be placed in the Fund:
(i) proceeds from the sale of bonds, (ii) revenues collected or received from
any source under the provisions of this chapter, and (iii) any other revenues
under the jurisdiction of the Authority.

C. The Authority shall pay all expenses and make all expenditures from the Fund.
To the extent deemed appropriate by the Authority, the receipts of the Fund
shall be pledged to and charged with the payment of debt service on Authority
bonds and all reasonable charges and expenses related to Authority borrowing and
the management of Authority obligation.

HISTORY: 1992, c. 823, § 15.1-227.81; 1997, c. 587.