STATE STATUTES & CODES

VIRGINIA STATUTES AND CODES

Chapter 26 - Public Finance Act (15.2-2600 thru 15.2-2663)

• 15.2-2600 - Short title.
• 15.2-2601 - Chapter not to affect general, special and local acts and charters under which bonds are issued or validated.
• 15.2-2602 - Definitions.
• 15.2-2603 - Disposition of unclaimed funds due on matured bonds or coupons.
• 15.2-2604 - Powers generally.
• 15.2-2605 - Collection of rents and charges; liens on real estate; discharge and enforcement of liens.
• 15.2-2606 - Public hearing before issuance of bonds.
• 15.2-2607 - Provisions which may be embodied in bond ordinances or resolution; adoption; filing copy with court.
• 15.2-2608 - Bonds for revenue-producing undertakings.
• 15.2-2609 - Covenants relating to issuance of revenue bonds.
• 15.2-2610 - Request for referendum filed with court; order for election; notice.
• 15.2-2611 - Holding of election; order authorizing bonds; authority of governing body.
• 15.2-2612 - Dating; rate of interest; maturity; denomination; place of payment.
• 15.2-2613 - Form and manner of execution; signature of person ceasing to be officer.
• 15.2-2614 - Bearer, registered or book entry form.
• 15.2-2615 - Bonds deemed negotiable instruments.
• 15.2-2616 - Interim receipts or temporary bonds exchangeable for definitive bonds.
• 15.2-2617 - Sale of bonds.
• 15.2-2618 - Disposition of proceeds; separate fund.
• 15.2-2619 - Investment of proceeds pending application to authorized purpose.
• 15.2-2620 - Bonds made legal investments.
• 15.2-2621 - Bonds mutilated, lost or destroyed.
• 15.2-2622 - Destruction of bonds and coupons after payment in full.
• 15.2-2623 - Defeasance of indebtedness; rights of owners.
• 15.2-2624 - Tax to pay principal and interest.
• 15.2-2625 - Deposit of funds; security; investment of funds.
• 15.2-2626 - Contracts concerning interest rates, currency, cash flow or other basis.
• 15.2-2627 - Time for contesting validity of proposed bond issue; when bonds presumed valid.
• 15.2-2628 - Notes in anticipation of bond issue.
• 15.2-2629 - Loans to meet appropriations for current year.
• 15.2-2630 - Loans in anticipation of federal and state funds.
• 15.2-2631 - Terms of temporary loans.
• 15.2-2632 - Certain debts that may be contracted by city on transition from town.
• 15.2-2633 - Borrowing by certain cities to pay expenses.
• 15.2-2634 - Limitation on amount of outstanding bonds.
• 15.2-2635 - What indebtedness not included in determining limitation.
• 15.2-2636 - Ordinance or resolution to provide for issue of bonds.
• 15.2-2637 - Danville to incur indebtedness only in accordance with charter.
• 15.2-2638 - Powers of counties generally; approval of voters required.
• 15.2-2639 - County may elect to be treated as city for issuing bonds.
• 15.2-2640 - Resolution for bond issue; contents; request for bonds for school purposes.
• 15.2-2641 - Subsequent resolutions.
• 15.2-2642 - School district bonds.
• 15.2-2643 - Authority for issuance; resolutions or ordinances.
• 15.2-2644 - Issuance or exchange for indebtedness to be retired; sale and disposition of proceeds; rights of owners.
• 15.2-2645 - Amount of bonds.
• 15.2-2646 - Participation in funds donated by the Commonwealth.
• 15.2-2647 - Expenses of authorization and issuance; agent to assist in refunding transaction.
• 15.2-2648 - Purchase in open market.
• 15.2-2649 - District refunding bonds.
• 15.2-2650 - Article controlling as to proceedings involving validity.
• 15.2-2651 - Proceeding by political subdivision to establish validity; procedure; parties defendant.
• 15.2-2652 - Service by publication of motion for judgment; parties defendant.
• 15.2-2653 - Contesting issuance of bonds; notice and hearing; service on member of governing body, etc.
• 15.2-2654 - Reply by party defendant; intervention by interested parties; determination of questions; orders; precedence over other business.
• 15.2-2655 - Consolidation of actions or proceedings.
• 15.2-2656 - Appeals.
• 15.2-2657 - Decree validating bonds binding and conclusive.
• 15.2-2658 - Bonds invalidated only for substantial defects, etc.; matters of form disregarded.
• 15.2-2659 - Investigation by Governor of alleged defaults; withholding state funds from defaulting locality; payment of funds withheld; receipts, reports, etc.; magisterial and school district default
• 15.2-2660 - Bonds not affected by project undertaken.
• 15.2-2661 - Provisions of chapter controlling; powers conferred are additional.
• 15.2-2662 - Validation of bonds.
• 15.2-2663 - Transition.

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