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Virginia Code Title 23.1. Institutions of Higher Education;  Other Educational and Cultural Institutions § 23.1-1112. Bonds;  interest

Current as of January 01, 2026 | Updated by Findlaw Staff

No bond issued by an institution pursuant to this chapter shall (i) bear interest at an annual percentage rate exceeding the greater of the rates authorized under § 6.2-303 or 15.2-2612 or (ii) be sold at public or private sale such that the interest cost to maturity exceeds the greater of such annual percentage rates authorized under § 6.2-303 or 15.2-2612.

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Cite this article: FindLaw.com - Virginia Code Title 23.1. Institutions of Higher Education;  Other Educational and Cultural Institutions § 23.1-1112. Bonds;  interest - last updated January 01, 2026 | https://codes.findlaw.com/va/title-23-1-institutions-of-higher-education-other-educational-and-cultural-institutions/va-code-sect-23-1-1112/

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