Chapter 26. Public Finance ActRead Chapter
- Article 1. General ProvisionsRead all
- § 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
- Article 2. Provisions Applicable to All BondsRead all
- § 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
- Article 3. Bonds Issued by MunicipalitiesRead all
- § 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
- Article 4. Bond Issues by CountiesRead all
- § 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
- Article 5. Refunding BondsRead all
- § 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
- Article 6. Judicial Determination of Validity of BondsRead all
- § 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
- Article 7. MiscellaneousRead all
- § 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 defaults included
- § 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
