Virginia § 23.1-1112 - Bonds; interest
Full text of Virginia Code of Virginia § 23.1-1112 — Bonds; interest, with citation guidance and answers to common questions.
§ 23.1-1112. Bonds; interest
No bond issued by an institution pursuant to this chapter shall (i) bear interest at an annual percentage rate exceeding the greater of the rates authorized under § 6.2-303 or 15.2-2612 or (ii) be sold at public or private sale such that the interest cost to maturity exceeds the greater of such annual percentage rates authorized under § 6.2-303 or 15.2-2612.
1970, c. 609, § 23-30.03; 2016, c. 588.
Frequently Asked Questions About Virginia § 23.1-1112
What does Code of Virginia § 23.1-1112 cover?
Section 23.1-1112 ("Bonds; interest") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 23.1-1112?
A common citation format is "Code of Virginia § 23.1-1112" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 23.1-1112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.