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Current as of January 01, 2025 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Virginia Code Title 15.2. Counties, Cities and Towns § 15.2-6208. Eligible use of funds - last updated January 01, 2025 | https://codes.findlaw.com/va/title-15-2-counties-cities-and-towns/va-code-sect-15-2-6208/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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