Virginia Code 15.2-2423: Collection of money due Fund
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The Authority is empowered to collect, or to authorize others to collect on its behalf, amounts due to the Fund under any loan to a local government, including, if appropriate, taking the action required by § 15.2-2659 to obtain payment of any amounts in default. Proceedings to recover amounts due to the Fund may be instituted by the Authority in the name of the Fund in the appropriate circuit court.
Terms Used In Virginia Code 15.2-2423
- Authority: means the Virginia Resources Authority created in Chapter 21 of Title 62. See Virginia Code 15.2-2419
- Fund: means the Virginia Broadband Infrastructure Loan Fund. See Virginia Code 15.2-2419
- Local government: means any county, city, town, municipal corporation, authority, district, commission, or political subdivision created by the General Assembly or pursuant to the Constitution or laws of the Commonwealth. See Virginia Code 15.2-2419
2009, c. 131.