{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-5210.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-5210.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-5210.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-5210.html"}],"law_id":348636,"edition_id":2,"section_id":348636,"structure_id":49996,"section_number":"15.2-5210","catch_line":"Bonds made legal investments","history":"Code 1950, \u00a7 32-284; 1979, c. 719, \u00a7 15.1-1524; 1997, c. 587.","full_text":"Any bonds issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, and all savings banks and savings institutions, including savings and loan associations, in the Commonwealth may properly and legally invest funds in their control.\n\n","order_by":null,"text":{"0":{"id":1299819,"text":"Any bonds issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, and all savings banks and savings institutions, including savings and loan associations, in the Commonwealth may properly and legally invest funds in their control.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49996,"edition_id":2,"name":"Hospital or Health Center Commissions","identifier":"52","label":"chapter","depth":3,"order_by":10,"parent_id":49964,"metadata":{"child_laws":20,"child_structures":0},"date_created":"2026-08-02 02:19:36","date_modified":"2026-08-02 12:29:52","permalink":{"id":1385719,"object_type":"structure","relational_id":49996,"identifier":"52","token":"15.2\/IV\/52","url":"\/15.2\/IV\/52\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49964,"edition_id":2,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":49831,"metadata":{"child_laws":721,"child_structures":68},"date_created":"2026-08-02 02:19:12","date_modified":"2026-08-02 12:29:48","permalink":{"id":1384899,"object_type":"structure","relational_id":49964,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","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":348625,"structure_id":49996,"section_number":"15.2-5200","catch_line":"Creation of commission","url":"\/15.2-5200\/","token":"15.2\/IV\/52\/15.2-5200","metadata":{"court_decisions":{"0":{"name":" .\u202f.\u202f. Short Pump Town Center Community Development Authority v. .\u202f.\u202f. ","case_number":"Record 010456","citation":"554 S.E.2d 441","date":"2001-11-02","url":"https:\/\/www.courtlistener.com\/opinion\/1059406\/short-pump-town-center-community-development-authority-v-hahn\/","abstract":" .\u202f.\u202f. 554 S.E.2d 441 (2001) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":348626,"structure_id":49996,"section_number":"15.2-5201","catch_line":"Definitions","url":"\/15.2-5201\/","token":"15.2\/IV\/52\/15.2-5201","metadata":{"court_decisions":{"0":{"name":"Jean Moreau & Assoc. v. Health Center Comm'n","case_number":"101352","citation":null,"date":"2012-01-13","url":"https:\/\/www.courtlistener.com\/opinion\/1057954\/jean-moreau-assoc-v-health-center-commn\/","abstract":" .\u202f.\u202f. Present: Kinser, C.J., Lemons, Goodwyn, Millette, Mims, .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":348627,"structure_id":49996,"section_number":"15.2-5202","catch_line":"When governing bodies may declare need for commission","url":"\/15.2-5202\/","token":"15.2\/IV\/52\/15.2-5202","metadata":false},{"id":348628,"structure_id":49996,"section_number":"15.2-5203","catch_line":"Effect of adoption of resolution","url":"\/15.2-5203\/","token":"15.2\/IV\/52\/15.2-5203","metadata":false},{"id":348629,"structure_id":49996,"section_number":"15.2-5204","catch_line":"Members of commission; quorum; compensation; expenses; removal and vacancies","url":"\/15.2-5204\/","token":"15.2\/IV\/52\/15.2-5204","metadata":false},{"id":348630,"structure_id":49996,"section_number":"15.2-5205","catch_line":"Powers of commission","url":"\/15.2-5205\/","token":"15.2\/IV\/52\/15.2-5205","metadata":false},{"id":348631,"structure_id":49996,"section_number":"15.2-5206","catch_line":"Appropriations to commission","url":"\/15.2-5206\/","token":"15.2\/IV\/52\/15.2-5206","metadata":false},{"id":348632,"structure_id":49996,"section_number":"15.2-5207","catch_line":"Issuance of bonds by political subdivisions and validation thereof","url":"\/15.2-5207\/","token":"15.2\/IV\/52\/15.2-5207","metadata":{"court_decisions":""}},{"id":348633,"structure_id":49996,"section_number":"15.2-5208","catch_line":"Issuance and sale of bonds","url":"\/15.2-5208\/","token":"15.2\/IV\/52\/15.2-5208","metadata":{"court_decisions":""}},{"id":348634,"structure_id":49996,"section_number":"15.2-5209","catch_line":"Provisions to secure payment of bonds","url":"\/15.2-5209\/","token":"15.2\/IV\/52\/15.2-5209","metadata":{"court_decisions":""}},{"id":348636,"structure_id":49996,"section_number":"15.2-5210","catch_line":"Bonds made legal investments","url":"\/15.2-5210\/","token":"15.2\/IV\/52\/15.2-5210","metadata":{"court_decisions":""}},{"id":348637,"structure_id":49996,"section_number":"15.2-5211","catch_line":"Bonds payable from revenues of hospital or health centers","url":"\/15.2-5211\/","token":"15.2\/IV\/52\/15.2-5211","metadata":false},{"id":348638,"structure_id":49996,"section_number":"15.2-5212","catch_line":"Property of commission exempt from foreclosure or execution sale and judgment lien","url":"\/15.2-5212\/","token":"15.2\/IV\/52\/15.2-5212","metadata":false},{"id":348639,"structure_id":49996,"section_number":"15.2-5213","catch_line":"Receiver","url":"\/15.2-5213\/","token":"15.2\/IV\/52\/15.2-5213","metadata":{"court_decisions":""}},{"id":348640,"structure_id":49996,"section_number":"15.2-5214","catch_line":"Eminent domain","url":"\/15.2-5214\/","token":"15.2\/IV\/52\/15.2-5214","metadata":false},{"id":348641,"structure_id":49996,"section_number":"15.2-5215","catch_line":"Records and reports","url":"\/15.2-5215\/","token":"15.2\/IV\/52\/15.2-5215","metadata":{"court_decisions":""}},{"id":348642,"structure_id":49996,"section_number":"15.2-5216","catch_line":"When court may enter order declaring need for commission no longer exists","url":"\/15.2-5216\/","token":"15.2\/IV\/52\/15.2-5216","metadata":false},{"id":348643,"structure_id":49996,"section_number":"15.2-5217","catch_line":"Finality of order; effect","url":"\/15.2-5217\/","token":"15.2\/IV\/52\/15.2-5217","metadata":{"court_decisions":""}},{"id":348644,"structure_id":49996,"section_number":"15.2-5218","catch_line":"Appeal from order; supersedeas","url":"\/15.2-5218\/","token":"15.2\/IV\/52\/15.2-5218","metadata":{"court_decisions":""}},{"id":348645,"structure_id":49996,"section_number":"15.2-5219","catch_line":"Chapter supplemental; application of other laws; consent of local governing bodies or other agencies not required","url":"\/15.2-5219\/","token":"15.2\/IV\/52\/15.2-5219","metadata":false}],"previous_section":{"id":348634,"structure_id":49996,"section_number":"15.2-5209","catch_line":"Provisions to secure payment of bonds","url":"\/15.2-5209\/","token":"15.2\/IV\/52\/15.2-5209","metadata":{"court_decisions":""}},"next_section":{"id":348637,"structure_id":49996,"section_number":"15.2-5211","catch_line":"Bonds payable from revenues of hospital or health centers","url":"\/15.2-5211\/","token":"15.2\/IV\/52\/15.2-5211","metadata":false},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5210\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 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 1979, chapter 719; 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":1385761,"object_type":"law","relational_id":348636,"identifier":"15.2-5210","token":"15.2\/IV\/52\/15.2-5210","url":"\/15.2-5210\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-5210\/","token":"15.2\/IV\/52\/15.2-5210","dublin_core":{"Title":"Bonds made legal investments","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5210","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any <span class=\"dictionary\">bonds<\/span> issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, and all savings banks and savings institutions, including savings and loan associations, in the Commonwealth may properly and legally invest funds in their control.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBONDS MADE LEGAL INVESTMENTS (\u00a7 15.2-5210)\n\nAny bonds issued pursuant to the authority of this chapter are hereby made\nsecurities in which all public officers and bodies of this Commonwealth and all\npolitical subdivisions thereof, all insurance companies and associations, and\nall savings banks and savings institutions, including savings and loan\nassociations, in the Commonwealth may properly and legally invest funds in their\ncontrol.\n\nHISTORY: Code 1950, \u00a7 32-284; 1979, c. 719, \u00a7 15.1-1524; 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"}}