{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-2648.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-2648.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-2648.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-2648.html"}],"law_id":348103,"edition_id":2,"section_id":348103,"structure_id":49931,"section_number":"15.2-2648","catch_line":"Purchase in open market","history":"Code 1950, \u00a7 15-666.38; 1958, c. 640; 1962, c. 623, \u00a7 15.1-197; 1991, c. 668, \u00a7 15.1-227.50; 1997, c. 587.","full_text":"Provision may be made in the proceedings authorizing refunding bonds for the purchase of the refunded bonds in the open market or pursuant to tenders made from time to time when there is available in the escrow or sinking fund for the payment of the refunded bonds a surplus in an amount or amounts to be fixed in such proceedings.\n\n","order_by":null,"text":{"0":{"id":1298335,"text":"Provision may be made in the proceedings authorizing refunding bonds for the purchase of the refunded bonds in the open market or pursuant to tenders made from time to time when there is available in the escrow or sinking fund for the payment of the refunded bonds a surplus in an amount or amounts to be fixed in such proceedings.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49931,"edition_id":2,"name":"Refunding Bonds","identifier":"5","label":"article","depth":4,"order_by":5,"parent_id":49926,"metadata":{"child_laws":7,"child_structures":0},"date_created":"2026-08-02 02:18:28","date_modified":"2026-08-02 12:29:41","permalink":{"id":1383127,"object_type":"structure","relational_id":49931,"identifier":"5","token":"15.2\/II\/26\/5","url":"\/15.2\/II\/26\/5\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49926,"edition_id":2,"name":"Public Finance Act","identifier":"26","label":"chapter","depth":3,"order_by":21,"parent_id":49834,"metadata":{"child_laws":64,"child_structures":7},"date_created":"2026-08-02 02:18:24","date_modified":"2026-08-02 12:29:39","permalink":{"id":1382945,"object_type":"structure","relational_id":49926,"identifier":"26","token":"15.2\/II\/26","url":"\/15.2\/II\/26\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49834,"edition_id":2,"name":"Powers of Local Government","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":49831,"metadata":{"child_laws":1081,"child_structures":112},"date_created":"2026-08-02 02:16:24","date_modified":"2026-08-02 12:29:25","permalink":{"id":1379371,"object_type":"structure","relational_id":49834,"identifier":"II","token":"15.2\/II","url":"\/15.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49831,"edition_id":2,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":46,"parent_id":null,"metadata":{"child_laws":2297,"child_structures":225},"date_created":"2026-08-02 02:16:22","date_modified":"2026-08-02 12:29:22","permalink":{"id":1378281,"object_type":"structure","relational_id":49831,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":348098,"structure_id":49931,"section_number":"15.2-2643","catch_line":"Authority for issuance; resolutions or ordinances","url":"\/15.2-2643\/","token":"15.2\/II\/26\/5\/15.2-2643","metadata":false},{"id":348099,"structure_id":49931,"section_number":"15.2-2644","catch_line":"Issuance or exchange for indebtedness to be retired; sale and disposition of proceeds; rights of owners","url":"\/15.2-2644\/","token":"15.2\/II\/26\/5\/15.2-2644","metadata":false},{"id":348100,"structure_id":49931,"section_number":"15.2-2645","catch_line":"Amount of bonds","url":"\/15.2-2645\/","token":"15.2\/II\/26\/5\/15.2-2645","metadata":false},{"id":348101,"structure_id":49931,"section_number":"15.2-2646","catch_line":"Participation in funds donated by the Commonwealth","url":"\/15.2-2646\/","token":"15.2\/II\/26\/5\/15.2-2646","metadata":false},{"id":348102,"structure_id":49931,"section_number":"15.2-2647","catch_line":"Expenses of authorization and issuance; agent to assist in refunding transaction","url":"\/15.2-2647\/","token":"15.2\/II\/26\/5\/15.2-2647","metadata":false},{"id":348103,"structure_id":49931,"section_number":"15.2-2648","catch_line":"Purchase in open market","url":"\/15.2-2648\/","token":"15.2\/II\/26\/5\/15.2-2648","metadata":false},{"id":348104,"structure_id":49931,"section_number":"15.2-2649","catch_line":"District refunding bonds","url":"\/15.2-2649\/","token":"15.2\/II\/26\/5\/15.2-2649","metadata":false}],"previous_section":{"id":348102,"structure_id":49931,"section_number":"15.2-2647","catch_line":"Expenses of authorization and issuance; agent to assist in refunding transaction","url":"\/15.2-2647\/","token":"15.2\/II\/26\/5\/15.2-2647","metadata":false},"next_section":{"id":348104,"structure_id":49931,"section_number":"15.2-2649","catch_line":"District refunding bonds","url":"\/15.2-2649\/","token":"15.2\/II\/26\/5\/15.2-2649","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2648\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 640; in 1962, chapter 623; in 1991, chapter 668; in 1997, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0587\">587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1383149,"object_type":"law","relational_id":348103,"identifier":"15.2-2648","token":"15.2\/II\/26\/5\/15.2-2648","url":"\/15.2-2648\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-2648\/","token":"15.2\/II\/26\/5\/15.2-2648","dublin_core":{"Title":"Purchase in open market","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2648","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Provision may be made in the proceedings authorizing refunding <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> for the purchase of the refunded <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> in the open market or pursuant to tenders made from time to time when there is available in the escrow or sinking fund for the payment of the refunded <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> a surplus in an amount or amounts to be fixed in such proceedings.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPURCHASE IN OPEN MARKET (\u00a7 15.2-2648)\n\nProvision may be made in the proceedings authorizing refunding bonds for the\npurchase of the refunded bonds in the open market or pursuant to tenders made\nfrom time to time when there is available in the escrow or sinking fund for the\npayment of the refunded bonds a surplus in an amount or amounts to be fixed in\nsuch proceedings.\n\nHISTORY: Code 1950, \u00a7 15-666.38; 1958, c. 640; 1962, c. 623, \u00a7 15.1-197; 1991,\nc. 668, \u00a7 15.1-227.50; 1997, c. 587.","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"}}