Virginia § 23.1-1119 Payment of interest on bonds of the Commonwealth held by public institutions of higher education and private institutions of higher education

Virginia Statutes

§ 23.1-1119 — Payment of interest on bonds of the Commonwealth held by public institutions of higher education and private institutions of higher education

Virginia § 23.1-1119

Title 23.1INSTITUTIONS OF HIGHER EDUCATION; OTHER EDUCATIONAL AND CULTURAL INSTITUTIONS

Subtitle IIIMANAGEMENT AND FINANCING

Ch. 11BONDS AND OTHER OBLIGATIONS

This text of Virginia § 23.1-1119 (Payment of interest on bonds of the Commonwealth held by public institutions of higher education and private institutions of higher education) 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. § 23.1-1119 (2026).

Text

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.

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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.