From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:\n1. Purchase of real estate;\n2. Grading of sites;\n3. Water, sewer, natural gas or electrical line improvements, replacement and extensions;\n4. Construction, rehabilitation, and expansion of buildings;\n5. Construction of parking facilities;\n6. Access roads construction and street improvements;\n7. Purchase or lease of machinery and tools; and\n8. Any other improvements deemed necessary by the Authority to meet its objectives.\n1993, c. 982, § 15.1-1669; 1997, c. 587.
Virginia Legal Code