                                 CODE OF VIRGINIA

ELIGIBLE USE OF FUNDS (§ 15.2-6011)

The Authority is hereby empowered to pledge its funds, and make loans and grants
to or for the benefit of for-profit enterprises or entities; governmental or
corporate instrumentalities in the coalfield region of Virginia (including any
political subdivision of the Commonwealth and the Breaks Interstate Park);
not-for-profit enterprises or entities; nonprofit industrial development
corporations; economic development authorities; or industrial development
authorities for financing the following:

1. Purchase of real estate;

2. Grading of site(s);

3. Construction of flood control dams;

4. Water, sewer, natural gas and electrical line replacement and extensions;

5. Construction or rehabilitation or expansion of buildings;

6. Construction of parking facilities;

7. Access roads construction and street improvements;

8. Purchase, lease, or relocation of machinery, tools, equipment, furniture,
software, or other personal property;

9. Construction of improvements outside the Commonwealth if in the Breaks
Interstate Park;

10. Feasibility studies, site studies, preliminary engineering or architectural
reports, and other studies and plans;

11. Such other improvements, projects, activities, or purposes as the Authority
deems necessary to accomplish its purpose; and

12. Costs and expenses associated with any item listed in subdivisions 1 through
11, including, but not limited to, architectural, engineering, consulting,
legal, closing, installation, delivery, and assembly expenses.

HISTORY: 1988, c. 833, § 15.1-1646; 1990, c. 341; 1992, c. 32; 1993, c. 771;
1994, cc. 615, 674; 1997, c. 587; 2004, cc. 36, 177.