{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/10.1-304.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/10.1-304.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/10.1-304.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/10.1-304.html"}],"law_id":345945,"edition_id":2,"section_id":345945,"structure_id":49683,"section_number":"10.1-304","catch_line":"Sale and proceeds of revenue bonds; additional or temporary bonds","history":"Code 1950, \u00a7 10-103; 1958, c. 484; 1986, c. 498; 1988, c. 891.","full_text":"A\n\nThe Treasury Board as agent for the Director may sell revenue bonds at private or public sale for such price and in the manner it determines to be in the best interests of the Commonwealth.\n\nB\n\nThe proceeds of the bonds shall be used solely for the payment of the cost of camping and recreational facilities for which they are issued, and shall be disbursed by the Director.\n\nC\n\nIf the proceeds of the bonds of any issue are less than the cost of the camping and recreational facilities for which the bonds were issued, additional bonds may be issued to provide the amount of the deficit. Unless otherwise provided in the resolution authorizing the issuance of the bonds or in the trust indenture described in this chapter, the additional bonds shall be deemed to be of the same issue and shall be entitled to payment from the same fund without preference or priority of the bonds first issued for the facilities.\n\nD\n\nIf the proceeds of any bonds issued to pay the cost of camping and recreational facilities exceed the facilities cost, the surplus shall be paid into the fund provided for the payment of principal and interest of the bonds.\n\nE\n\nPrior to the preparation of definitive bonds, temporary bonds may be issued, under similar restrictions, with or without coupons, exchangeable for subsequently issued definitive bonds.\n\nF\n\nThe Director may replace any bond which is mutilated, destroyed or lost.\n\nG\n\nThe revenue bonds may be issued in accordance with the specific proceedings and conditions required by this chapter.\n\n","order_by":null,"text":{"0":{"id":1289921,"text":"The Treasury Board as agent for the Director may sell revenue bonds at private or public sale for such price and in the manner it determines to be in the best interests of the Commonwealth.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1289922,"text":"The proceeds of the bonds shall be used solely for the payment of the cost of camping and recreational facilities for which they are issued, and shall be disbursed by the Director.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1289923,"text":"If the proceeds of the bonds of any issue are less than the cost of the camping and recreational facilities for which the bonds were issued, additional bonds may be issued to provide the amount of the deficit. Unless otherwise provided in the resolution authorizing the issuance of the bonds or in the trust indenture described in this chapter, the additional bonds shall be deemed to be of the same issue and shall be entitled to payment from the same fund without preference or priority of the bonds first issued for the facilities.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":1289924,"text":"If the proceeds of any bonds issued to pay the cost of camping and recreational facilities exceed the facilities cost, the surplus shall be paid into the fund provided for the payment of principal and interest of the bonds.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":1289925,"text":"Prior to the preparation of definitive bonds, temporary bonds may be issued, under similar restrictions, with or without coupons, exchangeable for subsequently issued definitive bonds.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"5":{"id":1289926,"text":"The Director may replace any bond which is mutilated, destroyed or lost.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"G"},"6":{"id":1289927,"text":"The revenue bonds may be issued in accordance with the specific proceedings and conditions required by this chapter.","type":"section","prefixes":["G"],"prefix":"G","entire_prefix":"G","prefix_anchor":"G","level":1,"prior_prefix":"F"}},"ancestry":[{"id":49683,"edition_id":2,"name":"State Park Development Revenue Bond Act","identifier":"3","label":"chapter","depth":3,"order_by":4,"parent_id":49585,"metadata":{"child_laws":13,"child_structures":0},"date_created":"2026-08-02 02:13:19","date_modified":"2026-08-02 12:28:47","permalink":{"id":1370745,"object_type":"structure","relational_id":49683,"identifier":"3","token":"10.1\/I\/3","url":"\/10.1\/I\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49585,"edition_id":2,"name":"Activities Administered by the Department of Conservation and Recreation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":49584,"metadata":{"child_laws":357,"child_structures":44},"date_created":"2026-08-02 02:11:52","date_modified":"2026-08-02 12:28:44","permalink":{"id":1370317,"object_type":"structure","relational_id":49585,"identifier":"I","token":"10.1\/I","url":"\/10.1\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49584,"edition_id":2,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":38,"parent_id":null,"metadata":{"child_laws":886,"child_structures":125},"date_created":"2026-08-02 02:11:52","date_modified":"2026-08-02 12:28:44","permalink":{"id":1370315,"object_type":"structure","relational_id":49584,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":345941,"structure_id":49683,"section_number":"10.1-300","catch_line":"Definitions","url":"\/10.1-300\/","token":"10.1\/I\/3\/10.1-300","metadata":false},{"id":345942,"structure_id":49683,"section_number":"10.1-301","catch_line":"General powers of Director","url":"\/10.1-301\/","token":"10.1\/I\/3\/10.1-301","metadata":false},{"id":345943,"structure_id":49683,"section_number":"10.1-302","catch_line":"Payment of cost of camping and recreational facilities","url":"\/10.1-302\/","token":"10.1\/I\/3\/10.1-302","metadata":false},{"id":345944,"structure_id":49683,"section_number":"10.1-303","catch_line":"Revenue bonds; form and requirements","url":"\/10.1-303\/","token":"10.1\/I\/3\/10.1-303","metadata":false},{"id":345945,"structure_id":49683,"section_number":"10.1-304","catch_line":"Sale and proceeds of revenue bonds; additional or temporary bonds","url":"\/10.1-304\/","token":"10.1\/I\/3\/10.1-304","metadata":false},{"id":345946,"structure_id":49683,"section_number":"10.1-305","catch_line":"Bonds not to constitute debt of Commonwealth","url":"\/10.1-305\/","token":"10.1\/I\/3\/10.1-305","metadata":false},{"id":345947,"structure_id":49683,"section_number":"10.1-306","catch_line":"Trust indenture; provisions applicable to bond resolution","url":"\/10.1-306\/","token":"10.1\/I\/3\/10.1-306","metadata":false},{"id":345948,"structure_id":49683,"section_number":"10.1-307","catch_line":"Fees and charges","url":"\/10.1-307\/","token":"10.1\/I\/3\/10.1-307","metadata":false},{"id":345949,"structure_id":49683,"section_number":"10.1-308","catch_line":"Sinking fund","url":"\/10.1-308\/","token":"10.1\/I\/3\/10.1-308","metadata":false},{"id":345950,"structure_id":49683,"section_number":"10.1-309","catch_line":"Remedies of bondholders and trustee","url":"\/10.1-309\/","token":"10.1\/I\/3\/10.1-309","metadata":false},{"id":345951,"structure_id":49683,"section_number":"10.1-310","catch_line":"All moneys received to be trust funds; disbursements","url":"\/10.1-310\/","token":"10.1\/I\/3\/10.1-310","metadata":false},{"id":345952,"structure_id":49683,"section_number":"10.1-311","catch_line":"Revenue refunding bonds","url":"\/10.1-311\/","token":"10.1\/I\/3\/10.1-311","metadata":false},{"id":345953,"structure_id":49683,"section_number":"10.1-312","catch_line":"Bonds declared legal and authorized investments","url":"\/10.1-312\/","token":"10.1\/I\/3\/10.1-312","metadata":false}],"previous_section":{"id":345944,"structure_id":49683,"section_number":"10.1-303","catch_line":"Revenue bonds; form and requirements","url":"\/10.1-303\/","token":"10.1\/I\/3\/10.1-303","metadata":false},"next_section":{"id":345946,"structure_id":49683,"section_number":"10.1-305","catch_line":"Bonds not to constitute debt of Commonwealth","url":"\/10.1-305\/","token":"10.1\/I\/3\/10.1-305","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-304\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1958, chapter 484; in 1986, chapter 498; in 1988, chapter 891.<\/p>","references":false,"refers_to":false,"permalink":{"id":1370763,"object_type":"law","relational_id":345945,"identifier":"10.1-304","token":"10.1\/I\/3\/10.1-304","url":"\/10.1-304\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/10.1-304\/","token":"10.1\/I\/3\/10.1-304","dublin_core":{"Title":"Sale and proceeds of revenue bonds; additional or temporary bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-304","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Treasury Board as agent for the Director<\/span> may sell revenue bonds<\/span> at private or public sale for such price and in the manner it determines to be in the best interests of the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The proceeds of the bonds<\/span> shall be used solely for the payment of the cost of camping and recreational facilities<\/span> for which they are issued, and shall be disbursed by the Director<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If the proceeds of the bonds<\/span> of any issue<\/span> are less than the cost of the camping and recreational facilities<\/span> for which the bonds<\/span> were issued, additional bonds<\/span> may be issued to provide the amount of the deficit. Unless otherwise provided in the resolution authorizing the issuance of the bonds<\/span> or in the trust indenture described in this chapter, the additional bonds<\/span> shall be deemed to be of the same issue<\/span> and shall be entitled to payment from the same fund without preference or priority of the bonds<\/span> first issued for the facilities. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> If the proceeds of any bonds<\/span> issued to pay the cost of camping and recreational facilities<\/span> exceed the facilities cost, the surplus shall be paid into the fund provided for the payment of principal and interest of the bonds<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> Prior to the preparation of definitive bonds<\/span>, temporary bonds<\/span> may be issued, under similar restrictions, with or without coupons, exchangeable for subsequently issued definitive bonds<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> The Director<\/span> may replace any bond<\/span> which is mutilated, destroyed or lost. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

G.<\/span> The revenue bonds<\/span> may be issued in accordance with the specific proceedings and conditions required by this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSALE AND PROCEEDS OF REVENUE BONDS; ADDITIONAL OR TEMPORARY BONDS (\u00a7 10.1-304)\n\nA. The Treasury Board as agent for the Director may sell revenue bonds at\nprivate or public sale for such price and in the manner it determines to be in\nthe best interests of the Commonwealth.\n\nB. The proceeds of the bonds shall be used solely for the payment of the cost of\ncamping and recreational facilities for which they are issued, and shall be\ndisbursed by the Director.\n\nC. If the proceeds of the bonds of any issue are less than the cost of the\ncamping and recreational facilities for which the bonds were issued, additional\nbonds may be issued to provide the amount of the deficit. Unless otherwise\nprovided in the resolution authorizing the issuance of the bonds or in the trust\nindenture described in this chapter, the additional bonds shall be deemed to be\nof the same issue and shall be entitled to payment from the same fund without\npreference or priority of the bonds first issued for the facilities.\n\nD. If the proceeds of any bonds issued to pay the cost of camping and\nrecreational facilities exceed the facilities cost, the surplus shall be paid\ninto the fund provided for the payment of principal and interest of the bonds.\n\nE. Prior to the preparation of definitive bonds, temporary bonds may be issued,\nunder similar restrictions, with or without coupons, exchangeable for\nsubsequently issued definitive bonds.\n\nF. The Director may replace any bond which is mutilated, destroyed or lost.\n\nG. The revenue bonds may be issued in accordance with the specific proceedings\nand conditions required by this chapter.\n\nHISTORY: Code 1950, \u00a7 10-103; 1958, c. 484; 1986, c. 498; 1988, c. 891.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}