{"law_id":"768099","section_number":"15.2-2608","catch_line":"Bonds for revenue-producing undertakings","history":"Code 1950, \u00a7 15-666.21; 1958, c. 640; 1962, c. 623, \u00a7 15.1-178; 1971, Ex. Sess., c. 224; 1991, c. 668, \u00a7 15.1-227.10; 1997, c. 587.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/15.2-2608\/","refers_to":false,"url":"\/15.2-2608\/","token":"15.2\/II\/26\/2\/15.2-2608","structure":{"1":{"id":"280","name":"Provisions Applicable To All Bonds","identifier":"2","label":"article","url":"\/15.2\/II\/26\/2\/"},"2":{"id":"279","name":"Public Finance Act","identifier":"26","label":"chapter","url":"\/15.2\/II\/26\/"},"3":{"id":"62","name":"Powers Of Local Government","identifier":"II","label":"subtitle","url":"\/15.2\/II\/"},"4":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"768099","structure_id":"280","full_text":"The governing body of any locality may, in accordance with the provisions of Article VII, Section 10 of the Constitution of Virginia, issue bonds for any revenue-producing undertaking.","text":{"0":{"id":"2475688","text":"The governing body of any locality may, in accordance with the provisions of Article VII, Section 10 of the Constitution of Virginia, issue bonds for any revenue-producing undertaking.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"280","name":"Provisions Applicable To All Bonds","identifier":"2","label":"article","url":"\/15.2\/II\/26\/2\/"},"2":{"id":"279","name":"Public Finance Act","identifier":"26","label":"chapter","url":"\/15.2\/II\/26\/"},"3":{"id":"62","name":"Powers Of Local Government","identifier":"II","label":"subtitle","url":"\/15.2\/II\/"},"4":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"structure_contents":{"0":{"id":"772263","structure_id":"280","section_number":"15.2-2604","catch_line":"Powers generally","url":"\/15.2-2604\/","token":"15.2\/II\/26\/2\/15.2-2604"},"1":{"id":"778909","structure_id":"280","section_number":"15.2-2605","catch_line":"Collection of rents and charges; liens on real estate; discharge and enforcement of liens","url":"\/15.2-2605\/","token":"15.2\/II\/26\/2\/15.2-2605"},"2":{"id":"778724","structure_id":"280","section_number":"15.2-2606","catch_line":"Public hearing before issuance of bonds","url":"\/15.2-2606\/","token":"15.2\/II\/26\/2\/15.2-2606"},"3":{"id":"765145","structure_id":"280","section_number":"15.2-2607","catch_line":"Provisions which may be embodied in bond ordinances or resolution; adoption; filing copy with court","url":"\/15.2-2607\/","token":"15.2\/II\/26\/2\/15.2-2607"},"4":{"id":"768099","structure_id":"280","section_number":"15.2-2608","catch_line":"Bonds for revenue-producing undertakings","url":"\/15.2-2608\/","token":"15.2\/II\/26\/2\/15.2-2608"},"5":{"id":"793308","structure_id":"280","section_number":"15.2-2609","catch_line":"Covenants relating to issuance of revenue bonds","url":"\/15.2-2609\/","token":"15.2\/II\/26\/2\/15.2-2609"},"6":{"id":"770195","structure_id":"280","section_number":"15.2-2610","catch_line":"Request for referendum filed with court; order for election; notice","url":"\/15.2-2610\/","token":"15.2\/II\/26\/2\/15.2-2610"},"7":{"id":"788631","structure_id":"280","section_number":"15.2-2611","catch_line":"Holding of election; order authorizing bonds; authority of governing body","url":"\/15.2-2611\/","token":"15.2\/II\/26\/2\/15.2-2611"},"8":{"id":"775407","structure_id":"280","section_number":"15.2-2612","catch_line":"Dating; rate of interest; maturity; denomination; place of payment","url":"\/15.2-2612\/","token":"15.2\/II\/26\/2\/15.2-2612"},"9":{"id":"791455","structure_id":"280","section_number":"15.2-2613","catch_line":"Form and manner of execution; signature of person ceasing to be officer","url":"\/15.2-2613\/","token":"15.2\/II\/26\/2\/15.2-2613"},"10":{"id":"777428","structure_id":"280","section_number":"15.2-2614","catch_line":"Bearer, registered or book entry form","url":"\/15.2-2614\/","token":"15.2\/II\/26\/2\/15.2-2614"},"11":{"id":"782193","structure_id":"280","section_number":"15.2-2615","catch_line":"Bonds deemed negotiable instruments","url":"\/15.2-2615\/","token":"15.2\/II\/26\/2\/15.2-2615"},"12":{"id":"784413","structure_id":"280","section_number":"15.2-2616","catch_line":"Interim receipts or temporary bonds exchangeable for definitive bonds","url":"\/15.2-2616\/","token":"15.2\/II\/26\/2\/15.2-2616"},"13":{"id":"785093","structure_id":"280","section_number":"15.2-2617","catch_line":"Sale of bonds","url":"\/15.2-2617\/","token":"15.2\/II\/26\/2\/15.2-2617"},"14":{"id":"784697","structure_id":"280","section_number":"15.2-2618","catch_line":"Disposition of proceeds; separate fund","url":"\/15.2-2618\/","token":"15.2\/II\/26\/2\/15.2-2618"},"15":{"id":"772117","structure_id":"280","section_number":"15.2-2619","catch_line":"Investment of proceeds pending application to authorized purpose","url":"\/15.2-2619\/","token":"15.2\/II\/26\/2\/15.2-2619"},"16":{"id":"795644","structure_id":"280","section_number":"15.2-2620","catch_line":"Bonds made legal investments","url":"\/15.2-2620\/","token":"15.2\/II\/26\/2\/15.2-2620"},"17":{"id":"790675","structure_id":"280","section_number":"15.2-2621","catch_line":"Bonds mutilated, lost or destroyed","url":"\/15.2-2621\/","token":"15.2\/II\/26\/2\/15.2-2621"},"18":{"id":"765468","structure_id":"280","section_number":"15.2-2622","catch_line":"Destruction of bonds and coupons after payment in full","url":"\/15.2-2622\/","token":"15.2\/II\/26\/2\/15.2-2622"},"19":{"id":"781156","structure_id":"280","section_number":"15.2-2623","catch_line":"Defeasance of indebtedness; rights of owners","url":"\/15.2-2623\/","token":"15.2\/II\/26\/2\/15.2-2623"},"20":{"id":"792572","structure_id":"280","section_number":"15.2-2624","catch_line":"Tax to pay principal and interest","url":"\/15.2-2624\/","token":"15.2\/II\/26\/2\/15.2-2624"},"21":{"id":"787511","structure_id":"280","section_number":"15.2-2625","catch_line":"Deposit of funds; security; investment of funds","url":"\/15.2-2625\/","token":"15.2\/II\/26\/2\/15.2-2625"},"22":{"id":"788202","structure_id":"280","section_number":"15.2-2626","catch_line":"Contracts concerning interest rates, currency, cash flow or other basis","url":"\/15.2-2626\/","token":"15.2\/II\/26\/2\/15.2-2626"},"23":{"id":"782436","structure_id":"280","section_number":"15.2-2627","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","url":"\/15.2-2627\/","token":"15.2\/II\/26\/2\/15.2-2627"},"24":{"id":"794333","structure_id":"280","section_number":"15.2-2628","catch_line":"Notes in anticipation of bond issue","url":"\/15.2-2628\/","token":"15.2\/II\/26\/2\/15.2-2628"},"25":{"id":"768732","structure_id":"280","section_number":"15.2-2629","catch_line":"Loans to meet appropriations for current year","url":"\/15.2-2629\/","token":"15.2\/II\/26\/2\/15.2-2629"},"26":{"id":"767349","structure_id":"280","section_number":"15.2-2630","catch_line":"Loans in anticipation of federal and state funds","url":"\/15.2-2630\/","token":"15.2\/II\/26\/2\/15.2-2630"},"27":{"id":"795844","structure_id":"280","section_number":"15.2-2631","catch_line":"Terms of temporary loans","url":"\/15.2-2631\/","token":"15.2\/II\/26\/2\/15.2-2631"}},"previous_section":{"id":"765145","structure_id":"280","section_number":"15.2-2607","catch_line":"Provisions which may be embodied in bond ordinances or resolution; adoption; filing copy with court","url":"\/15.2-2607\/","token":"15.2\/II\/26\/2\/15.2-2607"},"next_section":{"id":"793308","structure_id":"280","section_number":"15.2-2609","catch_line":"Covenants relating to issuance of revenue bonds","url":"\/15.2-2609\/","token":"15.2\/II\/26\/2\/15.2-2609"},"references":[{"id":"782035","section_number":"15.2-1815","catch_line":"Definitions","url":"\/15.2-1815\/"}],"formats":{"txt":"\/15.2-2608.txt","json":"\/15.2-2608.json","xml":"\/15.2-2608.xml"},"dublin_core":{"Title":"Bonds for revenue-producing undertakings","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2608","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nBONDS FOR REVENUE-PRODUCING UNDERTAKINGS (\u00a7 15.2-2608)\n\nThe governing body of any locality may, in accordance with the provisions of\nArticle VII, Section 10 of the Constitution of Virginia, issue bonds for any\nrevenue-producing undertaking.\n\nHISTORY: Code 1950, \u00a7 15-666.21; 1958, c. 640; 1962, c. 623, \u00a7 15.1-178; 1971,\nEx. Sess., c. 224; 1991, c. 668, \u00a7 15.1-227.10; 1997, c. 587."}