                                 CODE OF VIRGINIA

PAYMENT OF INTEREST ON BONDS OF THE COMMONWEALTH HELD BY PUBLIC INSTITUTIONS OF
HIGHER EDUCATION AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION (§ 23.1-1119)

The Comptroller shall draw upon the state treasury in favor of the proper
authorities of any public institution of higher education or private institution
of higher education for all accrued interest, upon all obligations of the
Commonwealth or the James River and Kanawha Company guaranteed by the
Commonwealth that are held by or for such institution. No interest shall be paid
upon any such bonds.

HISTORY: Code 1919, § 990, § 23-5; 2016, c. 588.