                                 CODE OF VIRGINIA

COMMONWEALTH NOT TO LIMIT REVENUES OF INSTITUTIONS (§ 23.1-1116)

The Commonwealth shall not (i) limit or alter the rights vested in any
institution to establish, collect, and pledge fees, rents, and charges,
including student building fees and other student fees, as provided for in
subdivision C 1 a, b, c, or d of § 23.1-1106 that the institution deems
necessary or convenient to produce sufficient revenues to meet the expense of
maintenance and operation of such project and such other existing facilities and
fulfill the terms of any agreement made with the bondholders or (ii) in any way
impair the rights and remedies of such bondholders until the bonds, the interest
thereon, the interest on any unpaid installments of interest on the bonds, and
all costs and expenses in connection with any action or proceedings by or on
behalf of such bondholders are fully met and discharged.

HISTORY: 1933, p. 91, § 23-26; 1962, c. 373; 1964, c. 635; 2016, c. 588.