Payment of interest on debt of University; sinking fund

Va. Code Ann. § 23.1-2207
in effect
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Out of the appropriation made by the General Assembly for the support of the University, there shall be first set apart, annually, a sum sufficient to pay the interest accruing on the existing interest-bearing debt of the University, except as provided in § 23.1-1109 , and to constitute a sinking fund for the liquidation of the principal of such debt. Such sum shall be applied to no other purpose or object. Code 1919, § 820, § 23-67; 2016, c. 588 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/23.1-2207/Fetched: 10/16/2026

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