15.2-2425 - Prioritization of loans. - Virginia Statutes

§ 15.2-2425. Prioritization of loans.

In approving loans, the Authority shall give preference to loans for projectsthat will (i) utilize private industry in the operation and maintenance ofsuch projects where a material savings in cost can be shown over publicoperation and maintenance, (ii) serve two or more local governments toencourage regional cooperation, or (iii) provide broadband services in areaswith a demonstrated need that, in the opinion of the Secretary of Technologyand the Secretary of Commerce and Trade, are currently unserved by broadbandproviders.

(2009, c. 131.)