                                 CODE OF VIRGINIA

GRANTS OR LOANS OF PUBLIC OR PRIVATE FUNDS (§ 5.1-2.16)

The Board is authorized to accept, receive, receipt for, disburse, and expend
federal and state moneys and other moneys, public or private, made available by
grant or loan or both, to accomplish, in whole or in part, any of the purposes
of this chapter. All federal moneys accepted under this section shall be
accepted and expended by the Board upon such terms and conditions as are
prescribed by the United States and as are consistent with state law, and all
state moneys accepted under this section shall be accepted and expended by the
Board upon such terms and conditions as are prescribed by the Commonwealth.
State moneys allocated pursuant to § 33.2-1526.6 shall not be used for (i)
operating costs unless otherwise approved by the Board or (ii) purposes related
to supporting the operation of an airline, either directly or indirectly,
through grants, credit enhancements, or other related means.
		In considering or evaluating the application for or award of any grant of
moneys under this section, the Board shall take into account the capacities of
all airports within the affected geographic region.

HISTORY: 1980, c. 750; 1998, c. 480; 2017, c. 709; 2020, cc. 1230, 1275.