                                 CODE OF VIRGINIA

AUTHORIZATION OF BONDS BY RESOLUTION; CONTENTS OF BOND SALE; MANNER (§
2.2-2298)

The bonds shall be authorized by a resolution of the Board, shall bear such date
or dates, and shall mature at such time as such resolution may provide, except
that no bond shall mature more than fifty years from the date of issue. The
bonds shall (i) bear interest at such rates, including variations of such rates;
(ii) be in such denominations; (iii) be in such form; (iv) carry such
registration privileges; (v) be executed in such manner; (vi) be payable in such
medium of payment, at such place; and (vii) be subject to such terms of
redemption, including redemption prior to maturity, as the resolution may
provide. Except as expressly provided otherwise in this article, the provisions
of other laws of the Commonwealth relating to the issuance of revenue bonds
shall not apply to bonds issued by the Authority. Bonds of the Authority may be
sold by the Authority at public or private sale and at such price as the
Authority determines.

HISTORY: 1984, c. 749, § 9-222; 2001, c. 844.