CODE OF VIRGINIA

POWERS OF COUNTIES GENERALLY; APPROVAL OF VOTERS REQUIRED (§ 15.2-2638)

A. Except as provided in subsection B of this section, no county has the power
to contract any debt or to issue its bonds unless a majority of the voters of
the county voting on the question at an election held in accordance with §§
15.2-2610 and 15.2-2611 approve contracting the debt, borrowing the money and
issuing the bonds.

B. Voter approval is not required for a county (i) to contract debt or to issue
bonds described in Article VII, Section 10(a)(1) and (3) of the Constitution of
Virginia, (ii) to issue refunding bonds, or (iii) to issue bonds, with the
consent of the school board and the governing body of the county, for capital
projects for school purposes which are sold to the Literary Fund, the Virginia
Retirement System, or other state agency prescribed by law.

HISTORY: Code 1950, § 15-666.28; 1958, c. 640; 1962, c. 623, § 15.1-185; 1971,
Ex. Sess., c. 224; 1991, c. 668, § 15.1-227.39; 1997, c. 587.