                                 CODE OF VIRGINIA

PROJECTS; ACCOUNTS TO BE KEPT BY BOARDS (§ 23.1-1114)

The board of each institution shall keep and preserve complete and accurate
accounts of all sums of money received and disbursed to acquire, erect, lease,
operate, or maintain any project and any other existing facilities, including a
complete and accurate record of all revenues derived from any source set forth
in subdivision C 1 a, b, c, or d of § 23.1-1106 and all sums disbursed for the
payment of the principal of or interest on or other debt service with respect to
any bonds issued pursuant to this chapter. The annual portion of such revenues
that are not required to discharge any obligation, liability, or debt of the
institution incurred in connection with the project or other existing
facilities, including the creation of reserves for such purposes, shall be paid
into the state treasury as provided in § 23.1-1109.

HISTORY: 1933, p. 89, § 23-22; 1962, c. 373; 1964, c. 635; 1984, c. 734; 2016,
c. 588.