Authority to contract debts and obligations payable from revenues

Va. Code Ann. § 23.1-3209
in effect
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The Foundation, acting by and through the corporation authorized by § 23.1-3207 , may contract debts and obligations to the extent of its anticipated revenues. Such debts and obligations shall be paid only from the revenues of the Foundation. 1998, c. 786 , § 23-290; 2016, c. 588 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/23.1-3209/Fetched: 10/16/2026

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