The governing body of any locality may, in accordance with the provisions of Article VII, Section 10 of the Constitution of Virginia, issue bonds for any revenue-producing undertaking.
Va. Code Ann. § 15.2-2608
Bonds for revenue-producing undertakings
Known as the Public Finance Act
The act spans §§ 15.2-2600–15.2-2663 (64 sections).
Code 1950, § 15-666.21; 1958, c. 640; 1962, c. 623, § 15.1-178; 1971, Ex
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.