§ 10.1-633 Power to incur debts and accept gifts, etc.; watershed improvement district to have same powers as soil and water conservation district
A watershed improvement district shall have power, as set forth in this article, to incur debts and repay them over the period of time and at the rate or rates of interest, not exceeding eight percent, that the lender agrees to. Any watershed improvement district may accept, receive and expend gifts, grants or loans from whatever source received. In addition, they shall have the same powers, to the extent necessary, within the watershed improvement district that the soil and water conservation district or districts in which the same is located exercise or may possess.
History
This law was first created in 1956. The record of its establishment is cataloged in chapter 668 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1956 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1964, chapter 512; in 1977, chapter 40; in 1988, chapter 891.
1956, c. 668, § 21-112.20; 1964, c. 512; 1977, c. 40; 1988, c. 891.