Virginia Code 2.2-2361: Grants or loans of public or private funds.
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The Authority may accept, receive, receipt for, disburse, and expend federal and state moneys and other moneys, public or private, made available by grant or loan or both or otherwise, to accomplish, in whole or in part, any of the purposes of this article. All federal moneys accepted under this section shall be accepted and expended by the Authority upon such terms and conditions as are prescribed by the United States and as are consistent with state law; and all state moneys accepted under this section shall be accepted and expended by the Authority upon such terms and conditions as are prescribed by the Commonwealth.
Terms Used In Virginia Code 2.2-2361
- Authority: means the Commonwealth of Virginia Innovation Partnership Authority. See Virginia Code 2.2-2352
- state: means the Commonwealth of Virginia or any of its agencies or departments. See Virginia Code 2.2-2200
- United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255