Virginia § 15.2-6208 Eligible use of funds

Virginia Statutes

§ 15.2-6208 — Eligible use of funds

Virginia § 15.2-6208

Title 15.2COUNTIES, CITIES AND TOWNS

Subtitle IVOTHER GOVERNMENTAL ENTITIES

Ch. 62ALLEGHANY HIGHLANDS ECONOMIC DEVELOPMENT AUTHORITY

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Bluebook

Va. Code Ann. § 15.2-6208 (2026).

Text

From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:

1.Purchase of real estate;

2.Grading of sites;

3.Water, sewer, natural gas or electrical line improvements, replacement and extensions;

4.Construction, rehabilitation, and expansion of buildings;

5.Construction of parking facilities;

6.Access roads construction and street improvements;

7.Purchase or lease of machinery and tools; and

8.Any other improvements deemed necessary by the Authority to meet its objectives.

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From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:

1. Purchase of real estate;

2. Grading of sites;

3. Water, sewer, natural gas or electrical line improvements, replacement and extensions;

4. Construction, rehabilitation, and expansion of buildings;

5. Construction of parking facilities;

6. Access roads construction and street improvements;

7. Purchase or lease of machinery and tools; and

8. Any other improvements deemed necessary by the Authority to meet its objectives.