Virginia § 32.1-162.26 - Conditions and restrictions on financial assistance
Full text of Virginia Code of Virginia § 32.1-162.26 — Conditions and restrictions on financial assistance, with citation guidance and answers to common questions.
§ 32.1-162.26. Conditions and restrictions on financial assistance
A. The Board shall provide financial support only for research efforts that satisfy the following conditions:
1. The research shall be conducted by public institutions of higher education, agencies of the Commonwealth, or nonprofit organizations exempt from income taxation pursuant to § 501(c)(3) of the Internal Revenue Code and located in the Commonwealth;
2. The institution, agency, or organization shall match a percentage of the Board's support in a cash amount required by the Board;
3. No support provided by the Board shall be used by the recipient to finance capital improvements or renovations, for indirect costs incurred by the institution, agency, or organization in its administration of the financial support, or for any other purpose proscribed by the Board; and
4. Recipients of support provided by the Board shall agree to provide the Board with such information regarding the implementation of the research effort and allow such monitoring and review of the research effort as may be required by the Board to ensure compliance with the terms under which the support is provided.
B. Any support provided by the Board shall be used by the recipient only for personal services, contractual services, material, supplies, and equipment directly relating to the approved research effort.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 32.1-162.26
What does Code of Virginia § 32.1-162.26 cover?
Section 32.1-162.26 ("Conditions and restrictions on financial assistance") 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 § 32.1-162.26?
A common citation format is "Code of Virginia § 32.1-162.26" (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 § 32.1-162.26 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.