2.2-4900 - Authority of Governor to contract debts. - Virginia Statutes

§ 2.2-4900. Authority of Governor to contract debts.

The Governor may contract debts and issue obligations in evidence thereofupon the terms and conditions determined by the Governor to meet casualdeficits in the revenue or in anticipation of the collection of revenues ofthe Commonwealth for the then current fiscal year within the amount ofauthorized appropriations, subject to the limitations and conditions ofArticle X, Section 9 (a) (2) of the Constitution of Virginia. The Governormay sell such obligations in a manner, either at public or private sale, andfor a price as he determines to be in the best interests of the Commonwealth.

(Code 1950, § 2-269; 1966, c. 677, § 2.1-303; 1971, Ex. Sess., c. 121; 2001,c. 844.)