Virginia Small Business Financing Authority | MidpageVirginia Small Business Financing Authority
2.2-2279Short title; definitions2.2-2280Declaration of public purpose; Authority created2.2-2281Construction of article2.2-2282Board of directors; membership; terms, compensation and expenses; chairman, vice-chairman, secretary and treasurer; quorum; staff2.2-2283Meetings of the Board2.2-2284Executive Director; appointment; duties2.2-2285Powers of the Authority2.2-2286Power to condemn2.2-2287Power to borrow money and issue bonds2.2-2288Power to issue bonds to purchase ninety percent guaranteed portion of loans2.2-2289Power to issue umbrella bonds2.2-2290Insurance or guarantee fund2.2-2291Security for bonds; fees and expenses; limitations2.2-2292Public hearing and approval2.2-2293Loans to lenders; conditions2.2-2294Investment in, purchase or assignment of loans; conditions2.2-2295Regulations of the Authority2.2-2296How bonds paid and secured2.2-2297Liability of Commonwealth, political subdivisions and members of Board2.2-2298Authorization of bonds by resolution; contents of bond sale; manner2.2-2299Resolution authorizing issuance of bonds; provisions2.2-2300Pledge by Authority2.2-2301Purchase of bonds of Authority2.2-2302Bonds secured by indenture; contents; expenses; how treated2.2-2303Signatures of prior members or officers; validity2.2-2304Deposit of money; expenditures; security for deposits2.2-2305Contracts with holders of bonds; how money secured2.2-2306Bondholder protection2.2-2307Bonds as legal investments and securities2.2-2308Expenses of Authority; liability of Commonwealth or political subdivision prohibited2.2-2309Creation, administration, and management of Virginia Export Fund2.2-2310Creation, administration, and management of Virginia Small Business Growth Fund2.2-2311.1Creation, administration, and management of the Small, Women-owned, and Minority-owned Business Loan Fund2.2-2312Annual report; audit2.2-2312.1Risk-based review of outstanding loans; report2.2-2313Exemption from taxation2.2-2314Administrative Process Act not applicable