Virginia Airports Revolving Fund Information
To support and induce more investment in these important assets, the Virginia Airports Revolving Fund (VARF) was created in 2000 with an appropriation of $25 million from the General Assembly. From this $25 million, VRA has invested over $87 million in below market interest rate loans to assist with over 30 projects at 20 airports.
As with other state revolving funds, VRA partners with a state agency to administer the fund. The Virginia Aviation Board prioritizes individual loan requests and VRA manages the financial aspects of the fund.
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VARF Documents Available for Download
Document Name |
File Size | |
VARF Master Indenture of Trust | 3.16 MB | ![]() |
Continuing Disclosure | 43 KB | ![]() |
Please click here for access to VARF official statements |
Flow of Funds