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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>348798</law_id><section_number>15.2-5431.15</section_number><catch_line>Time for contesting validity of proposed bond issue; when bonds presumed valid</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="46" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="4" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="14" identifier="54.1">Virginia Wireless Service Authorities Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> For a period of 30 days after the date of the filing with the <span class="dictionary">circuit</span> <span class="dictionary">court</span> having <span class="dictionary">jurisdiction</span> over the <span class="dictionary">locality</span> creating the <span class="dictionary">authority</span>, any person in interest may contest the validity of the <span class="dictionary">bonds</span>, the rates, fees and other charges for the services and facilities furnished by, for the use of, or in connection with, any such <span class="dictionary">project</span>, the pledge of the revenues of therefrom, or any combination of any thereof. If such contest is not given within the 30-day period, the <span class="dictionary">authority</span> to <span class="dictionary">issue</span> the <span class="dictionary">bonds</span>, the validity of the pledge of revenues necessary to pay the <span class="dictionary">bonds</span>, the validity of any other provision contained in the resolution, trust agreement, indenture or other instrument, and all proceedings in connection with the authorization and the issuance of the <span class="dictionary">bonds</span> shall be conclusively presumed to have been legally taken and no <span class="dictionary">court</span> shall have <span class="dictionary">authority</span> to inquire into such matters and no such contest shall thereafter be instituted. <a id="paragraph-1300208" class="section-permalink" href="https://vacode.org/15.2-5431.15/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Upon the delivery of any <span class="dictionary">bonds</span> reciting that they are issued pursuant to this chapter and a resolution or resolutions adopted under this chapter, the <span class="dictionary">bonds</span> shall be conclusively presumed to be fully authorized by all the <span class="dictionary">laws</span> of the Commonwealth and to have been sold, executed and delivered by the <span class="dictionary">authority</span> in conformity with such <span class="dictionary">laws</span>, and the validity of the <span class="dictionary">bonds</span> shall not be questioned by a <span class="dictionary">party</span> <span class="dictionary">plaintiff</span>, a <span class="dictionary">party</span> <span class="dictionary">defendant</span>, the <span class="dictionary">authority</span>, or any other interested <span class="dictionary">party</span> in any <span class="dictionary">court</span>, anything in this chapter or in any other <span class="dictionary">statutes</span> to the contrary notwithstanding. <a id="paragraph-1300209" class="section-permalink" href="https://vacode.org/15.2-5431.15/#B"><i class="fa fa-link"/></a></p></section></text><history>2003, c. 643.</history><metadata></metadata></law>
