{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-1532.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-1532.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-1532.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-1532.html"}],"law_id":58870,"edition_id":1,"section_id":58870,"structure_id":12735,"section_number":"15.2-1532","catch_line":"Payment of premiums on bonds for more than one year in advance","history":"Code 1950, \u00a7 15-483; 1962, c. 623, \u00a7 15.1-46; 1997, c. 587.","full_text":"Governing bodies are authorized to pay out of their respective treasuries, the premiums on the surety bonds of all local officials who are required to be bonded, for a period of more than one year when a discount for advanced payment of such premiums may be obtained under the rates, rules and regulations promulgated by the State Corporation Commission according to law.\n\t\tIf any such surety bond be cancelled prior to its expiration, the portion of the premiums to be returned shall be calculated on the basis of the regular annual rate of premiums for the duration of the bond as such refunds are prescribed by the rates, rules and regulations promulgated by the State Corporation Commission according to law.","order_by":null,"text":{"0":{"id":215863,"text":"Governing bodies are authorized to pay out of their respective treasuries, the premiums on the surety bonds of all local officials who are required to be bonded, for a period of more than one year when a discount for advanced payment of such premiums may be obtained under the rates, rules and regulations promulgated by the State Corporation Commission according to law.\n\t\tIf any such surety bond be cancelled prior to its expiration, the portion of the premiums to be returned shall be calculated on the basis of the regular annual rate of premiums for the duration of the bond as such refunds are prescribed by the rates, rules and regulations promulgated by the State Corporation Commission according to law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12735,"edition_id":1,"name":"Bonds","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":12734,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":153197,"object_type":"structure","relational_id":12735,"identifier":"5","token":"15.2\/II\/15\/5","url":"\/15.2\/II\/15\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12734,"edition_id":1,"name":"Local Government Personnel, Qualification for Office, Bonds, Dual Office Holding and Certain Local Government Officers","identifier":"15","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":153003,"object_type":"structure","relational_id":12734,"identifier":"15","token":"15.2\/II\/15","url":"\/15.2\/II\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12733,"edition_id":1,"name":"Powers of Local Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":152369,"object_type":"structure","relational_id":12733,"identifier":"II","token":"15.2\/II","url":"\/15.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":59291,"structure_id":12735,"section_number":"15.2-1527","catch_line":"Bonds of officers","url":"\/15.2-1527\/","token":"15.2\/II\/15\/5\/15.2-1527","metadata":false},{"id":76681,"structure_id":12735,"section_number":"15.2-1528","catch_line":"Penalties of bonds of sheriffs, clerks of the circuit court and commissioners of the revenue","url":"\/15.2-1528\/","token":"15.2\/II\/15\/5\/15.2-1528","metadata":false},{"id":69547,"structure_id":12735,"section_number":"15.2-1529","catch_line":"Amount of bond of treasurer or director of finance of counties","url":"\/15.2-1529\/","token":"15.2\/II\/15\/5\/15.2-1529","metadata":false},{"id":53945,"structure_id":12735,"section_number":"15.2-1530","catch_line":"Bonds required of treasurers or directors of finance of cities","url":"\/15.2-1530\/","token":"15.2\/II\/15\/5\/15.2-1530","metadata":false},{"id":68852,"structure_id":12735,"section_number":"15.2-1531","catch_line":"When certain city and county treasurers not required to give additional bond","url":"\/15.2-1531\/","token":"15.2\/II\/15\/5\/15.2-1531","metadata":false},{"id":58870,"structure_id":12735,"section_number":"15.2-1532","catch_line":"Payment of premiums on bonds for more than one year in advance","url":"\/15.2-1532\/","token":"15.2\/II\/15\/5\/15.2-1532","metadata":false},{"id":78058,"structure_id":12735,"section_number":"15.2-1533","catch_line":"Bond plan to be forwarded to clerk and Comptroller","url":"\/15.2-1533\/","token":"15.2\/II\/15\/5\/15.2-1533","metadata":false}],"previous_section":{"id":68852,"structure_id":12735,"section_number":"15.2-1531","catch_line":"When certain city and county treasurers not required to give additional bond","url":"\/15.2-1531\/","token":"15.2\/II\/15\/5\/15.2-1531","metadata":false},"next_section":{"id":78058,"structure_id":12735,"section_number":"15.2-1533","catch_line":"Bond plan to be forwarded to clerk and Comptroller","url":"\/15.2-1533\/","token":"15.2\/II\/15\/5\/15.2-1533","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-1532\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1962, chapter 623; in 1997, chapter 587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":153219,"object_type":"law","relational_id":58870,"identifier":"15.2-1532","token":"15.2\/II\/15\/5\/15.2-1532","url":"\/15.2-1532\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-1532\/","token":"15.2\/II\/15\/5\/15.2-1532","dublin_core":{"Title":"Payment of premiums on bonds for more than one year in advance","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-1532","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Governing bodies are authorized to pay out of their respective treasuries, the premiums on the surety<\/span> bonds<\/span> of all local officials who are required to be bonded, for a period of more than one year when a discount for advanced payment of such premiums may be obtained under the rates, rules and regulations promulgated by the State Corporation Commission according to law<\/span>.\n\t\tIf any such surety<\/span> bond<\/span> be cancelled prior to its expiration, the portion of the premiums to be returned shall be calculated on the basis of the regular annual rate of premiums for the duration of the bond<\/span> as such refunds are prescribed by the rates, rules and regulations promulgated by the State Corporation Commission according to law<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPAYMENT OF PREMIUMS ON BONDS FOR MORE THAN ONE YEAR IN ADVANCE (\u00a7 15.2-1532)\n\nGoverning bodies are authorized to pay out of their respective treasuries, the\npremiums on the surety bonds of all local officials who are required to be\nbonded, for a period of more than one year when a discount for advanced payment\nof such premiums may be obtained under the rates, rules and regulations\npromulgated by the State Corporation Commission according to law.\n\t\tIf any such surety bond be cancelled prior to its expiration, the portion of\nthe premiums to be returned shall be calculated on the basis of the regular\nannual rate of premiums for the duration of the bond as such refunds are\nprescribed by the rates, rules and regulations promulgated by the State\nCorporation Commission according to law.\n\nHISTORY: Code 1950, \u00a7 15-483; 1962, c. 623, \u00a7 15.1-46; 1997, c. 587.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}