CODE OF VIRGINIA

REVENUE REFUNDING BONDS; BONDS FOR REFUNDING AND FOR COST OF ADDITIONAL PROJECTS
(§ 10.1-1614)

The Authority is authorized to provide for the issuance of revenue refunding
bonds of the Authority for the purpose of refunding any bonds then outstanding
which have been issued under the provisions of this chapter, including the
payment of any redemption premium and any interest accrued or to accrue to the
date of redemption of such bonds, and, if deemed advisable by the Authority, for
the additional purpose of constructing improvements, extensions, or enlargements
of the projects in connection with which the bonds to be refunded have been
issued. The Authority is further authorized to provide by resolution for the
issuance of its revenue bonds for the combined purpose of (i) refunding any
bonds then outstanding which have been issued under the provisions of this
chapter, including the payment of any redemption premium and any interest
accrued or to accrue to the date of redemption of such bonds, and (ii) paying
all or any part of the cost of any additional project or any portion thereof.
The issuance of such bonds, the maturities and other details, the rights of the
holders, and the rights, duties and obligations of the Authority shall be
governed by the provisions of this chapter.

HISTORY: 1986, c. 360, § 10-158.11; 1988, c. 891.