Eligible use of funds
Va. Code Ann. § 15.2-6208
in effectFrom such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:
1. Purchase of real estate;
2. Grading of sites;
3. Water, sewer, natural gas or electrical line improvements, replacement and extensions;
4. Construction, rehabilitation, and expansion of buildings;
5. Construction of parking facilities;
6. Access roads construction and street improvements;
7. Purchase or lease of machinery and tools; and
8. Any other improvements deemed necessary by the Authority to meet its objectives.
1993, c. 982, § 15.1-1669; 1997, c. 587.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/15.2-6208/Fetched: 10/16/2026