{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2108.10.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2108.10.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2108.10.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2108.10.html"}],"law_id":54573,"edition_id":1,"section_id":54573,"structure_id":13605,"section_number":"15.2-2108.10","catch_line":"Bonding authority","history":"2003, c. 677.","full_text":"A\n\nThe governing body of a municipality may by resolution determine to issue one or more bonds to finance the capital costs for facilities necessary to provide to subscribers a cable television service. Such resolution shall: (i) describe the purpose for which the indebtedness is to be created and (ii) specify the dollar amount of the one or more bonds proposed to be issued.B\n\nA bond issued under this section shall be secured and paid for solely from the revenues generated by the municipality from providing cable television services with respect to bonds issued to finance facilities for the municipality’s cable television services. Notwithstanding the foregoing, a municipality authorized under subsection E of § 56-265.4:4 to provide cable television services shall not be subject to the requirement that it secure a bond with solely the revenues generated by the municipality from providing cable television services, and such municipality shall repay the bond indebtedness in a fashion that reflects a reasonable pro rata allocation of such indebtedness by enterprise fund or department.C\n\nA municipality shall pay that portion of the origination, financing, or other carrying costs associated with one or more bonds issued under this section associated with cable television solely from the funds of the cable television department.","order_by":null,"text":{"0":{"id":200398,"text":"The governing body of a municipality may by resolution determine to issue one or more bonds to finance the capital costs for facilities necessary to provide to subscribers a cable television service. Such resolution shall: (i) describe the purpose for which the indebtedness is to be created and (ii) specify the dollar amount of the one or more bonds proposed to be issued.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":200399,"text":"A bond issued under this section shall be secured and paid for solely from the revenues generated by the municipality from providing cable television services with respect to bonds issued to finance facilities for the municipality’s cable television services. Notwithstanding the foregoing, a municipality authorized under subsection E of § 56-265.4:4 to provide cable television services shall not be subject to the requirement that it secure a bond with solely the revenues generated by the municipality from providing cable television services, and such municipality shall repay the bond indebtedness in a fashion that reflects a reasonable pro rata allocation of such indebtedness by enterprise fund or department.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":200400,"text":"A municipality shall pay that portion of the origination, financing, or other carrying costs associated with one or more bonds issued under this section associated with cable television solely from the funds of the cable television department.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13605,"edition_id":1,"name":"Provision of Cable Television Services by Certain Localities","identifier":"1.1","label":"article","depth":4,"order_by":1,"parent_id":13192,"metadata":{},"date_created":"2026-06-26 03:45:22","date_modified":"2026-06-26 03:45:22","permalink":{"id":154389,"object_type":"structure","relational_id":13605,"identifier":"1.1","token":"15.2\/II\/21\/1.1","url":"\/15.2\/II\/21\/1.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13192,"edition_id":1,"name":"Franchises; Sale and Lease of Certain Municipal Public Property; Public Utilities","identifier":"21","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:44:25","date_modified":"2026-06-26 03:44:25","permalink":{"id":154333,"object_type":"structure","relational_id":13192,"identifier":"21","token":"15.2\/II\/21","url":"\/15.2\/II\/21\/","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":54573,"structure_id":13605,"section_number":"15.2-2108.10","catch_line":"Bonding authority","url":"\/15.2-2108.10\/","token":"15.2\/II\/21\/1.1\/15.2-2108.10","metadata":false},{"id":79304,"structure_id":13605,"section_number":"15.2-2108.11","catch_line":"General operating limitations","url":"\/15.2-2108.11\/","token":"15.2\/II\/21\/1.1\/15.2-2108.11","metadata":false},{"id":72468,"structure_id":13605,"section_number":"15.2-2108.12","catch_line":"Eminent domain","url":"\/15.2-2108.12\/","token":"15.2\/II\/21\/1.1\/15.2-2108.12","metadata":false},{"id":74604,"structure_id":13605,"section_number":"15.2-2108.13","catch_line":"Quality of service standards","url":"\/15.2-2108.13\/","token":"15.2\/II\/21\/1.1\/15.2-2108.13","metadata":false},{"id":72353,"structure_id":13605,"section_number":"15.2-2108.14","catch_line":"Civil action","url":"\/15.2-2108.14\/","token":"15.2\/II\/21\/1.1\/15.2-2108.14","metadata":false},{"id":67397,"structure_id":13605,"section_number":"15.2-2108.15","catch_line":"Consumer complaints","url":"\/15.2-2108.15\/","token":"15.2\/II\/21\/1.1\/15.2-2108.15","metadata":false},{"id":87318,"structure_id":13605,"section_number":"15.2-2108.16","catch_line":"Annual report","url":"\/15.2-2108.16\/","token":"15.2\/II\/21\/1.1\/15.2-2108.16","metadata":false},{"id":84475,"structure_id":13605,"section_number":"15.2-2108.17","catch_line":"Antitrust immunity","url":"\/15.2-2108.17\/","token":"15.2\/II\/21\/1.1\/15.2-2108.17","metadata":false},{"id":82208,"structure_id":13605,"section_number":"15.2-2108.18","catch_line":"Repealed","url":"\/15.2-2108.18\/","token":"15.2\/II\/21\/1.1\/15.2-2108.18","metadata":false},{"id":71298,"structure_id":13605,"section_number":"15.2-2108.2","catch_line":"Definitions","url":"\/15.2-2108.2\/","token":"15.2\/II\/21\/1.1\/15.2-2108.2","metadata":false},{"id":77461,"structure_id":13605,"section_number":"15.2-2108.3","catch_line":"Scope of article","url":"\/15.2-2108.3\/","token":"15.2\/II\/21\/1.1\/15.2-2108.3","metadata":false},{"id":73868,"structure_id":13605,"section_number":"15.2-2108.4","catch_line":"Limitations on providing cable television services","url":"\/15.2-2108.4\/","token":"15.2\/II\/21\/1.1\/15.2-2108.4","metadata":false},{"id":72996,"structure_id":13605,"section_number":"15.2-2108.5","catch_line":"Preliminary public hearing; feasibility consultant","url":"\/15.2-2108.5\/","token":"15.2\/II\/21\/1.1\/15.2-2108.5","metadata":false},{"id":80578,"structure_id":13605,"section_number":"15.2-2108.6","catch_line":"Feasibility study on providing cable television services","url":"\/15.2-2108.6\/","token":"15.2\/II\/21\/1.1\/15.2-2108.6","metadata":false},{"id":64856,"structure_id":13605,"section_number":"15.2-2108.7","catch_line":"Public hearings on feasibility study; notice","url":"\/15.2-2108.7\/","token":"15.2\/II\/21\/1.1\/15.2-2108.7","metadata":false},{"id":82767,"structure_id":13605,"section_number":"15.2-2108.8","catch_line":"Referendum","url":"\/15.2-2108.8\/","token":"15.2\/II\/21\/1.1\/15.2-2108.8","metadata":false},{"id":85820,"structure_id":13605,"section_number":"15.2-2108.9","catch_line":"Enterprise funds for cable television services","url":"\/15.2-2108.9\/","token":"15.2\/II\/21\/1.1\/15.2-2108.9","metadata":false}],"next_section":{"id":79304,"structure_id":13605,"section_number":"15.2-2108.11","catch_line":"General operating limitations","url":"\/15.2-2108.11\/","token":"15.2\/II\/21\/1.1\/15.2-2108.11","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2108.10\/","history_text":"

This law was first created in 2003. The record of its establishment is cataloged in chapter 677<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":55350,"section_number":"56-265.4:4","catch_line":"Certificate to operate as a telephone utility","order_by":null,"url":"\/56-265.4_4\/"}],"permalink":{"id":154391,"object_type":"law","relational_id":54573,"identifier":"15.2-2108.10","token":"15.2\/II\/21\/1.1\/15.2-2108.10","url":"\/15.2-2108.10\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2108.10\/","token":"15.2\/II\/21\/1.1\/15.2-2108.10","dublin_core":{"Title":"Bonding authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2108.10","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The governing body<\/span> of a municipality may by resolution determine to issue<\/span> one or more bonds<\/span> to finance the capital costs<\/span> for facilities necessary to provide to subscribers<\/span> a cable television service<\/span>. Such resolution shall: (i) describe the purpose for which the indebtedness is to be created and (ii) specify the dollar amount of the one or more bonds<\/span> proposed to be issued. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A bond<\/span> issued under this section shall be secured and paid for solely from the revenues generated by the municipality from providing cable television services<\/span> with respect to bonds<\/span> issued to finance facilities for the municipality’s cable television services<\/span>. Notwithstanding the foregoing, a municipality authorized under subsection E of § 56-265.4:4<\/a> to provide cable television services<\/span> shall not be subject to the requirement that it secure a bond<\/span> with solely the revenues generated by the municipality from providing cable television services<\/span>, and such municipality shall repay the bond<\/span> indebtedness in a fashion that reflects a reasonable pro rata allocation of such indebtedness by enterprise fund or department. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A municipality shall pay that portion of the origination, financing, or other carrying costs associated with one or more bonds<\/span> issued under this section associated with cable television solely from the funds of the cable television department. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBONDING AUTHORITY (\u00a7 15.2-2108.10)\n\nA. The governing body of a municipality may by resolution determine to issue one\nor more bonds to finance the capital costs for facilities necessary to provide\nto subscribers a cable television service. Such resolution shall: (i) describe\nthe purpose for which the indebtedness is to be created and (ii) specify the\ndollar amount of the one or more bonds proposed to be issued.\n\nB. A bond issued under this section shall be secured and paid for solely from\nthe revenues generated by the municipality from providing cable television\nservices with respect to bonds issued to finance facilities for the\nmunicipality’s cable television services. Notwithstanding the foregoing, a\nmunicipality authorized under subsection E of § 56-265.4:4 to provide cable\ntelevision services shall not be subject to the requirement that it secure a\nbond with solely the revenues generated by the municipality from providing cable\ntelevision services, and such municipality shall repay the bond indebtedness in\na fashion that reflects a reasonable pro rata allocation of such indebtedness by\nenterprise fund or department.\n\nC. A municipality shall pay that portion of the origination, financing, or other\ncarrying costs associated with one or more bonds issued under this section\nassociated with cable television solely from the funds of the cable television\ndepartment.\n\nHISTORY: 2003, c. 677.","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}}