Virginia § 15.2-6314 Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth

Virginia Statutes

§ 15.2-6314 — Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth

Virginia § 15.2-6314

Title 15.2COUNTIES, CITIES AND TOWNS

Subtitle IVOTHER GOVERNMENTAL ENTITIES

Ch. 63AUTHORITIES FOR DEVELOPMENT OF FORMER FEDERAL AREAS

This text of Virginia § 15.2-6314 (Exemption from taxation; authorities to be municipal corporate instrumentalities of Commonwealth) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 15.2-6314 (2026).

Text

The bonds or other securities issued by an authority, the interest thereon, and all real and personal property and any interest therein of an authority, and all income derived therefrom by an authority shall at all times be free from taxation by the Commonwealth, or by any political subdivision thereof. The authority shall be regarded as a municipal corporate instrumentality of the Commonwealth for the purpose of discharging its functions and exercising its powers under this chapter.

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The bonds or other securities issued by an authority, the interest thereon, and all real and personal property and any interest therein of an authority, and all income derived therefrom by an authority shall at all times be free from taxation by the Commonwealth, or by any political subdivision thereof. The authority shall be regarded as a municipal corporate instrumentality of the Commonwealth for the purpose of discharging its functions and exercising its powers under this chapter.