CHAPTER 482

An Act to authorize the Medical College of Virginia to borrow funds for
the purpose of building a multi-story parking garage, and to issue
revenue bonds therefor; to provide from what revenues such bonds
shall be repaid; and to impose certain restrictions and conditions.

[H 471]
Approved March 31, 1964

Be it enacted by the General ae Virginia :

1. §1. The Board of Visitors of the Medical College of Virginia is
hereby authorized to borrow, from the United States or an agency thereof
or from any other source, funds for the purpose of building a multi-story
parking garage at a total cost not to exceed one million five hundred thou-
sand dollars, and to issue revenue bonds for the repayment of said loan,
such bonds shall be solely payable from the revenue derived from rentals
received from the operation of the garage; provided, however, that the
Commonwealth of Virginia shall not at any time be required to provide
funds for the operation or maintenance of said garage.

§ The full faith and credit of the State shall not be pledged to
secure in any way such bonds.

. Except as herein otherwise provided Chapter 3 of Title 23 of
the Code of Virginia shall be applicable to and complied with in the trans-
actions authorized by this act.

§ 4. Construction of such garage shall be in accordance with the
Manual for the Planning and Execution of Capital Outlays, Common-
wealth of Virginia.

2. An emergency exists and this act is in force upon passage.