{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/62.1-223.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/62.1-223.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/62.1-223.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/62.1-223.html"}],"law_id":374855,"edition_id":2,"section_id":374855,"structure_id":53297,"section_number":"62.1-223","catch_line":"Liberal construction of chapter","history":"1984, c. 699.","full_text":"The provisions of this chapter shall be liberally construed to the end that its beneficial purposes may be effectuated. No proceedings, notice or approval shall be required for the issuance of any bonds of the Authority or any instruments or the security thereof, except as provided in this chapter. Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, general, special or local, the provisions of this chapter shall be controlling.\n\n","order_by":null,"text":{"0":{"id":1399115,"text":"The provisions of this chapter shall be liberally construed to the end that its beneficial purposes may be effectuated. No proceedings, notice or approval shall be required for the issuance of any bonds of the Authority or any instruments or the security thereof, except as provided in this chapter. Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, general, special or local, the provisions of this chapter shall be controlling.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53297,"edition_id":2,"name":"Virginia Resources Authority","identifier":"21","label":"chapter","depth":2,"order_by":38,"parent_id":53275,"metadata":{"child_laws":28,"child_structures":0},"date_created":"2026-08-02 03:14:24","date_modified":"2026-08-02 12:36:54","permalink":{"id":1495675,"object_type":"structure","relational_id":53297,"identifier":"21","token":"62.1\/21","url":"\/62.1\/21\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53275,"edition_id":2,"name":"Waters of the State, Ports and Harbors","identifier":"62.1","label":"title","depth":1,"order_by":132,"parent_id":null,"metadata":{"child_laws":578,"child_structures":74},"date_created":"2026-08-02 03:14:05","date_modified":"2026-08-02 12:36:41","permalink":{"id":1495201,"object_type":"structure","relational_id":53275,"identifier":"62.1","token":"62.1","url":"\/62.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":374825,"structure_id":53297,"section_number":"62.1-197","catch_line":"Short title","url":"\/62.1-197\/","token":"62.1\/21\/62.1-197","metadata":false},{"id":374826,"structure_id":53297,"section_number":"62.1-198","catch_line":"Legislative findings and purposes","url":"\/62.1-198\/","token":"62.1\/21\/62.1-198","metadata":false},{"id":374827,"structure_id":53297,"section_number":"62.1-199","catch_line":"Definitions","url":"\/62.1-199\/","token":"62.1\/21\/62.1-199","metadata":false},{"id":374828,"structure_id":53297,"section_number":"62.1-200","catch_line":"Creation of Authority","url":"\/62.1-200\/","token":"62.1\/21\/62.1-200","metadata":false},{"id":374829,"structure_id":53297,"section_number":"62.1-201","catch_line":"Board of Directors","url":"\/62.1-201\/","token":"62.1\/21\/62.1-201","metadata":false},{"id":374830,"structure_id":53297,"section_number":"62.1-202","catch_line":"Appointment and duties of Executive Director","url":"\/62.1-202\/","token":"62.1\/21\/62.1-202","metadata":false},{"id":374831,"structure_id":53297,"section_number":"62.1-203","catch_line":"Powers of Authority","url":"\/62.1-203\/","token":"62.1\/21\/62.1-203","metadata":false},{"id":374832,"structure_id":53297,"section_number":"62.1-204","catch_line":"Power to borrow money and issue bonds and credit enhancements","url":"\/62.1-204\/","token":"62.1\/21\/62.1-204","metadata":false},{"id":374833,"structure_id":53297,"section_number":"62.1-205","catch_line":"Power to issue refunding bonds","url":"\/62.1-205\/","token":"62.1\/21\/62.1-205","metadata":false},{"id":374834,"structure_id":53297,"section_number":"62.1-206","catch_line":"Sources of payment and security for bonds and credit enhancements","url":"\/62.1-206\/","token":"62.1\/21\/62.1-206","metadata":false},{"id":374835,"structure_id":53297,"section_number":"62.1-207","catch_line":"Liability of Commonwealth, political subdivisions and members of board of directors","url":"\/62.1-207\/","token":"62.1\/21\/62.1-207","metadata":false},{"id":374836,"structure_id":53297,"section_number":"62.1-208","catch_line":"Authorization, content and sale of bonds and credit enhancements","url":"\/62.1-208\/","token":"62.1\/21\/62.1-208","metadata":false},{"id":374837,"structure_id":53297,"section_number":"62.1-209","catch_line":"Provisions of resolution or trust indenture authorizing issuance of bonds","url":"\/62.1-209\/","token":"62.1\/21\/62.1-209","metadata":false},{"id":374838,"structure_id":53297,"section_number":"62.1-210","catch_line":"Pledge by Authority","url":"\/62.1-210\/","token":"62.1\/21\/62.1-210","metadata":false},{"id":374839,"structure_id":53297,"section_number":"62.1-211","catch_line":"Purchase of bonds by Authority","url":"\/62.1-211\/","token":"62.1\/21\/62.1-211","metadata":false},{"id":374840,"structure_id":53297,"section_number":"62.1-212","catch_line":"Bonds as negotiable instruments","url":"\/62.1-212\/","token":"62.1\/21\/62.1-212","metadata":false},{"id":374841,"structure_id":53297,"section_number":"62.1-213","catch_line":"Validity of signatures of prior members or officers","url":"\/62.1-213\/","token":"62.1\/21\/62.1-213","metadata":false},{"id":374842,"structure_id":53297,"section_number":"62.1-214","catch_line":"Bondholder protection","url":"\/62.1-214\/","token":"62.1\/21\/62.1-214","metadata":false},{"id":374843,"structure_id":53297,"section_number":"62.1-215","catch_line":"Establishment of capital reserve funds","url":"\/62.1-215\/","token":"62.1\/21\/62.1-215","metadata":false},{"id":374845,"structure_id":53297,"section_number":"62.1-216","catch_line":"Purchase and credit enhancements of local obligations","url":"\/62.1-216\/","token":"62.1\/21\/62.1-216","metadata":false},{"id":374844,"structure_id":53297,"section_number":"62.1-216.1","catch_line":"Investigation by Governor of nonpayments; withholding state funds from nonpaying locality; payment of funds withheld; receipts, reports, etc","url":"\/62.1-216.1\/","token":"62.1\/21\/62.1-216.1","metadata":false},{"id":374846,"structure_id":53297,"section_number":"62.1-217","catch_line":"Grants from Commonwealth","url":"\/62.1-217\/","token":"62.1\/21\/62.1-217","metadata":false},{"id":374847,"structure_id":53297,"section_number":"62.1-218","catch_line":"Grants to local governments","url":"\/62.1-218\/","token":"62.1\/21\/62.1-218","metadata":false},{"id":374848,"structure_id":53297,"section_number":"62.1-219","catch_line":"Exemption from taxation","url":"\/62.1-219\/","token":"62.1\/21\/62.1-219","metadata":false},{"id":374849,"structure_id":53297,"section_number":"62.1-220","catch_line":"Bonds as legal investments and securities","url":"\/62.1-220\/","token":"62.1\/21\/62.1-220","metadata":false},{"id":374850,"structure_id":53297,"section_number":"62.1-221","catch_line":"Deposit of money; expenditures; security for deposits","url":"\/62.1-221\/","token":"62.1\/21\/62.1-221","metadata":false},{"id":374851,"structure_id":53297,"section_number":"62.1-222","catch_line":"Annual reports; audit","url":"\/62.1-222\/","token":"62.1\/21\/62.1-222","metadata":false},{"id":374855,"structure_id":53297,"section_number":"62.1-223","catch_line":"Liberal construction of chapter","url":"\/62.1-223\/","token":"62.1\/21\/62.1-223","metadata":false}],"previous_section":{"id":374851,"structure_id":53297,"section_number":"62.1-222","catch_line":"Annual reports; audit","url":"\/62.1-222\/","token":"62.1\/21\/62.1-222","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/62.1-223\/","history_text":"<p>This law was first created in 1984. The record of its establishment is cataloged in chapter 699 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1984 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":1495785,"object_type":"law","relational_id":374855,"identifier":"62.1-223","token":"62.1\/21\/62.1-223","url":"\/62.1-223\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/62.1-223\/","token":"62.1\/21\/62.1-223","dublin_core":{"Title":"Liberal construction of chapter","Type":"Text","Format":"text\/html","Identifier":"\u00a7 62.1-223","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The provisions of this chapter shall be liberally construed to the end that its beneficial purposes may be effectuated. No proceedings, notice or approval shall be required for the issuance of any <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> of the <span class=\"dictionary\">Authority<\/span> or any instruments or the security thereof, except as provided in this chapter. Insofar as the provisions of this chapter are inconsistent with the provisions of any other <span class=\"dictionary\">law<\/span>, general, special or local, the provisions of this chapter shall be controlling.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nLIBERAL CONSTRUCTION OF CHAPTER (\u00a7 62.1-223)\n\nThe provisions of this chapter shall be liberally construed to the end that its\nbeneficial purposes may be effectuated. No proceedings, notice or approval shall\nbe required for the issuance of any bonds of the Authority or any instruments or\nthe security thereof, except as provided in this chapter. Insofar as the\nprovisions of this chapter are inconsistent with the provisions of any other\nlaw, general, special or local, the provisions of this chapter shall be\ncontrolling.\n\nHISTORY: 1984, c. 699.","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"}}