Virginia Code 36-148.1: Authorization of funding from HDA
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The HDA and the Department of Housing and Community Development, on behalf of the Fund, may enter into agreements whereby the Fund may obtain funding from the HDA for the financing of loans in accordance with this chapter, subject to such terms and conditions as shall be set forth therein. To the extent so provided by the terms of any such agreements, moneys in the Fund may be used to repay the HDA any amounts owed thereunder, and assets of the fund may be pledged to the HDA pursuant to such agreements to secure the repayment of such amounts. Any such agreements entered into by the HDA and the Department of Housing and Community Development prior to February 25, 1991, are hereby validated.
Terms Used In Virginia Code 36-148.1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Department: means the Department of Housing and Community Development. See Virginia Code 36-141
- Fund: means the Virginia Housing Trust Fund created by this chapter. See Virginia Code 36-141
- HDA: means the Virginia Housing Development Authority created in Chapter 1. See Virginia Code 36-141
1991, c. 48.