15.2-6208 - Eligible use of funds. - Virginia Statutes

§ 15.2-6208. Eligible use of funds.

From such funds as may be appropriated or received, the Authority may makeloans and grants for the benefit of qualified private, for-profit enterprisesand public or not-for-profit enterprises, nonprofit industrial developmentcorporations, or industrial development authorities for financing thefollowing:

1. Purchase of real estate;

2. Grading of sites;

3. Water, sewer, natural gas or electrical line improvements, replacement andextensions;

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 itsobjectives.

(1993, c. 982, § 15.1-1669; 1997, c. 587.)