Va. Code Ann. § 2.2-2313
This is the official text of Va. Code Ann. § 2.2-2313, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Exemption from taxation
Official statutory text
The Authority is declared to be performing a public function and to be a public body corporate and a political subdivision of the Commonwealth. Accordingly, the income, including any profit made on the sale thereof from all bonds issued by the Authority, shall at all times be exempt from all taxation by the Commonwealth or any public subdivision thereof. If, after all indebtedness and other obligations of the Authority are discharged, the Authority is dissolved, its remaining assets shall inure to the benefit of the Commonwealth.
1984, c. 749, § 9-233; 2001, c. 844 .
1984, c. 749, § 9-233; 2001, c. 844 .
Status: in_force · Read it on the official government site
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