{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2611.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2611.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2611.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2611.html"}],"law_id":73440,"edition_id":1,"section_id":73440,"structure_id":14965,"section_number":"15.2-2611","catch_line":"Holding of election; order authorizing bonds; authority of governing body","history":"Code 1950, \u00a7 15-666.31; 1958, c. 640; 1962, c. 623, \u00a7 15.1-188; 1982, c. 181; 1991, c. 668, \u00a7 15.1-227.13; 1997, c. 587.","full_text":"The regular election officers of the locality at the time designated in the order authorizing the vote shall open the polls at the various voting places in the locality and conduct the election in the manner provided by law for other elections. At the election, each voter may cast his or her vote for or against the bond issue. The votes shall be counted, the returns made and canvassed and the results certified as provided in \u00a7 24.2-681 et seq. If it appears from the returns that a majority of the voters of the locality voting on the question at the election are against the proposed bond issue, an order shall be entered by the court to such effect. If a majority of the voters of the locality voting on the question approve the bond issue, the court shall enter an order to such effect, a copy of which shall be promptly certified by the clerk of the court to the governing body of the locality. The locality may then proceed to prepare, issue and sell its bonds up to the amount so authorized and in doing so shall have all of the powers granted to the locality by this chapter with respect to incurring debt and issuing bonds. Bonds authorized by a referendum may not be issued by a locality more than eight years after the date of the referendum; however, this eight-year period may, at the request of the governing body of the locality, be extended to up to ten years after the date of the referendum by order of the circuit court for the locality, or in the case of a town the circuit court for the county in which the town is located, entered before the expiration of the eight-year period. The court shall grant such extension unless the court is shown by clear and convincing evidence that the extension is not in the best interests of the locality.","order_by":null,"text":{"0":{"id":264289,"text":"The regular election officers of the locality at the time designated in the order authorizing the vote shall open the polls at the various voting places in the locality and conduct the election in the manner provided by law for other elections. At the election, each voter may cast his or her vote for or against the bond issue. The votes shall be counted, the returns made and canvassed and the results certified as provided in \u00a7 24.2-681 et seq. If it appears from the returns that a majority of the voters of the locality voting on the question at the election are against the proposed bond issue, an order shall be entered by the court to such effect. If a majority of the voters of the locality voting on the question approve the bond issue, the court shall enter an order to such effect, a copy of which shall be promptly certified by the clerk of the court to the governing body of the locality. The locality may then proceed to prepare, issue and sell its bonds up to the amount so authorized and in doing so shall have all of the powers granted to the locality by this chapter with respect to incurring debt and issuing bonds. Bonds authorized by a referendum may not be issued by a locality more than eight years after the date of the referendum; however, this eight-year period may, at the request of the governing body of the locality, be extended to up to ten years after the date of the referendum by order of the circuit court for the locality, or in the case of a town the circuit court for the county in which the town is located, entered before the expiration of the eight-year period. The court shall grant such extension unless the court is shown by clear and convincing evidence that the extension is not in the best interests of the locality.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14965,"edition_id":1,"name":"Provisions Applicable to All Bonds","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13707,"metadata":{},"date_created":"2026-06-26 03:51:09","date_modified":"2026-06-26 03:51:09","permalink":{"id":155963,"object_type":"structure","relational_id":14965,"identifier":"2","token":"15.2\/II\/26\/2","url":"\/15.2\/II\/26\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13707,"edition_id":1,"name":"Public Finance Act","identifier":"26","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:45:37","date_modified":"2026-06-26 03:45:37","permalink":{"id":155943,"object_type":"structure","relational_id":13707,"identifier":"26","token":"15.2\/II\/26","url":"\/15.2\/II\/26\/","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":83529,"structure_id":14965,"section_number":"15.2-2604","catch_line":"Powers generally","url":"\/15.2-2604\/","token":"15.2\/II\/26\/2\/15.2-2604","metadata":false},{"id":85999,"structure_id":14965,"section_number":"15.2-2605","catch_line":"Collection of rents and charges; liens on real estate; discharge and enforcement of liens","url":"\/15.2-2605\/","token":"15.2\/II\/26\/2\/15.2-2605","metadata":false},{"id":64803,"structure_id":14965,"section_number":"15.2-2606","catch_line":"Public hearing before issuance of bonds","url":"\/15.2-2606\/","token":"15.2\/II\/26\/2\/15.2-2606","metadata":false},{"id":60104,"structure_id":14965,"section_number":"15.2-2607","catch_line":"Provisions which may be embodied in bond ordinances or resolution; adoption; filing copy with court","url":"\/15.2-2607\/","token":"15.2\/II\/26\/2\/15.2-2607","metadata":false},{"id":61638,"structure_id":14965,"section_number":"15.2-2608","catch_line":"Bonds for revenue-producing undertakings","url":"\/15.2-2608\/","token":"15.2\/II\/26\/2\/15.2-2608","metadata":false},{"id":58186,"structure_id":14965,"section_number":"15.2-2609","catch_line":"Covenants relating to issuance of revenue bonds","url":"\/15.2-2609\/","token":"15.2\/II\/26\/2\/15.2-2609","metadata":false},{"id":59146,"structure_id":14965,"section_number":"15.2-2610","catch_line":"Request for referendum filed with court; order for election; notice","url":"\/15.2-2610\/","token":"15.2\/II\/26\/2\/15.2-2610","metadata":false},{"id":73440,"structure_id":14965,"section_number":"15.2-2611","catch_line":"Holding of election; order authorizing bonds; authority of governing body","url":"\/15.2-2611\/","token":"15.2\/II\/26\/2\/15.2-2611","metadata":false},{"id":75201,"structure_id":14965,"section_number":"15.2-2612","catch_line":"Dating; rate of interest; maturity; denomination; place of payment","url":"\/15.2-2612\/","token":"15.2\/II\/26\/2\/15.2-2612","metadata":false},{"id":73286,"structure_id":14965,"section_number":"15.2-2613","catch_line":"Form and manner of execution; signature of person ceasing to be officer","url":"\/15.2-2613\/","token":"15.2\/II\/26\/2\/15.2-2613","metadata":false},{"id":70278,"structure_id":14965,"section_number":"15.2-2614","catch_line":"Bearer, registered or book entry form","url":"\/15.2-2614\/","token":"15.2\/II\/26\/2\/15.2-2614","metadata":false},{"id":65731,"structure_id":14965,"section_number":"15.2-2615","catch_line":"Bonds deemed negotiable instruments","url":"\/15.2-2615\/","token":"15.2\/II\/26\/2\/15.2-2615","metadata":false},{"id":67880,"structure_id":14965,"section_number":"15.2-2616","catch_line":"Interim receipts or temporary bonds exchangeable for definitive bonds","url":"\/15.2-2616\/","token":"15.2\/II\/26\/2\/15.2-2616","metadata":false},{"id":66232,"structure_id":14965,"section_number":"15.2-2617","catch_line":"Sale of bonds","url":"\/15.2-2617\/","token":"15.2\/II\/26\/2\/15.2-2617","metadata":false},{"id":86877,"structure_id":14965,"section_number":"15.2-2618","catch_line":"Disposition of proceeds; separate fund","url":"\/15.2-2618\/","token":"15.2\/II\/26\/2\/15.2-2618","metadata":false},{"id":65883,"structure_id":14965,"section_number":"15.2-2619","catch_line":"Investment of proceeds pending application to authorized purpose","url":"\/15.2-2619\/","token":"15.2\/II\/26\/2\/15.2-2619","metadata":false},{"id":74470,"structure_id":14965,"section_number":"15.2-2620","catch_line":"Bonds made legal investments","url":"\/15.2-2620\/","token":"15.2\/II\/26\/2\/15.2-2620","metadata":false},{"id":58244,"structure_id":14965,"section_number":"15.2-2621","catch_line":"Bonds mutilated, lost or destroyed","url":"\/15.2-2621\/","token":"15.2\/II\/26\/2\/15.2-2621","metadata":false},{"id":60422,"structure_id":14965,"section_number":"15.2-2622","catch_line":"Destruction of bonds and coupons after payment in full","url":"\/15.2-2622\/","token":"15.2\/II\/26\/2\/15.2-2622","metadata":false},{"id":85499,"structure_id":14965,"section_number":"15.2-2623","catch_line":"Defeasance of indebtedness; rights of owners","url":"\/15.2-2623\/","token":"15.2\/II\/26\/2\/15.2-2623","metadata":false},{"id":65050,"structure_id":14965,"section_number":"15.2-2624","catch_line":"Tax to pay principal and interest","url":"\/15.2-2624\/","token":"15.2\/II\/26\/2\/15.2-2624","metadata":false},{"id":82735,"structure_id":14965,"section_number":"15.2-2625","catch_line":"Deposit of funds; security; investment of funds","url":"\/15.2-2625\/","token":"15.2\/II\/26\/2\/15.2-2625","metadata":false},{"id":64166,"structure_id":14965,"section_number":"15.2-2626","catch_line":"Contracts concerning interest rates, currency, cash flow or other basis","url":"\/15.2-2626\/","token":"15.2\/II\/26\/2\/15.2-2626","metadata":false},{"id":64379,"structure_id":14965,"section_number":"15.2-2627","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","url":"\/15.2-2627\/","token":"15.2\/II\/26\/2\/15.2-2627","metadata":false},{"id":77140,"structure_id":14965,"section_number":"15.2-2628","catch_line":"Notes in anticipation of bond issue","url":"\/15.2-2628\/","token":"15.2\/II\/26\/2\/15.2-2628","metadata":false},{"id":57094,"structure_id":14965,"section_number":"15.2-2629","catch_line":"Loans to meet appropriations for current year","url":"\/15.2-2629\/","token":"15.2\/II\/26\/2\/15.2-2629","metadata":false},{"id":71319,"structure_id":14965,"section_number":"15.2-2630","catch_line":"Loans in anticipation of federal and state funds","url":"\/15.2-2630\/","token":"15.2\/II\/26\/2\/15.2-2630","metadata":false},{"id":71705,"structure_id":14965,"section_number":"15.2-2631","catch_line":"Terms of temporary loans","url":"\/15.2-2631\/","token":"15.2\/II\/26\/2\/15.2-2631","metadata":false}],"previous_section":{"id":59146,"structure_id":14965,"section_number":"15.2-2610","catch_line":"Request for referendum filed with court; order for election; notice","url":"\/15.2-2610\/","token":"15.2\/II\/26\/2\/15.2-2610","metadata":false},"next_section":{"id":75201,"structure_id":14965,"section_number":"15.2-2612","catch_line":"Dating; rate of interest; maturity; denomination; place of payment","url":"\/15.2-2612\/","token":"15.2\/II\/26\/2\/15.2-2612","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2611\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 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 1958, chapter 640; in 1962, chapter 623; in 1982, chapter 181; in 1991, chapter 668; in 1997, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0587\">587<\/a>.<\/p>","references":[{"id":75647,"section_number":"15.2-2636","catch_line":"Ordinance or resolution to provide for issue of bonds","order_by":null,"url":"\/15.2-2636\/"},{"id":62736,"section_number":"15.2-2638","catch_line":"Powers of counties generally; approval of voters required","order_by":null,"url":"\/15.2-2638\/"},{"id":68383,"section_number":"15.2-2640","catch_line":"Resolution for bond issue; contents; request for bonds for school purposes","order_by":null,"url":"\/15.2-2640\/"},{"id":69641,"section_number":"15.2-2642","catch_line":"School district bonds","order_by":null,"url":"\/15.2-2642\/"}],"refers_to":[{"id":58078,"section_number":"24.2-681","catch_line":"How special elections superintended and determined","order_by":null,"url":"\/24.2-681\/"}],"permalink":{"id":155993,"object_type":"law","relational_id":73440,"identifier":"15.2-2611","token":"15.2\/II\/26\/2\/15.2-2611","url":"\/15.2-2611\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2611\/","token":"15.2\/II\/26\/2\/15.2-2611","dublin_core":{"Title":"Holding of election; order authorizing bonds; authority of governing body","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2611","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The regular election officers of the <span class=\"dictionary\">locality<\/span> at the time designated in the <span class=\"dictionary\">order<\/span> authorizing the vote shall open the polls at the various voting places in the <span class=\"dictionary\">locality<\/span> and conduct the election in the manner provided by <span class=\"dictionary\">law<\/span> for other elections. At the election, each <span class=\"dictionary\">voter<\/span> may cast his or her vote for or against the <span class=\"dictionary\">bond<\/span> <span class=\"dictionary\">issue<\/span>. The votes shall be counted, the returns made and canvassed and the results certified as provided in \u00a7&nbsp;<a class=\"law\" title=\"How special elections superintended and determined\" href=\"\/24.2-681\/\">24.2-681<\/a> et seq. If it appears from the returns that a majority of the <span class=\"dictionary\">voters<\/span> of the <span class=\"dictionary\">locality<\/span> voting on the question at the election are against the proposed <span class=\"dictionary\">bond<\/span> <span class=\"dictionary\">issue<\/span>, an <span class=\"dictionary\">order<\/span> shall be entered by the <span class=\"dictionary\">court<\/span> to such effect. If a majority of the <span class=\"dictionary\">voters<\/span> of the <span class=\"dictionary\">locality<\/span> voting on the question approve the <span class=\"dictionary\">bond<\/span> <span class=\"dictionary\">issue<\/span>, the <span class=\"dictionary\">court<\/span> shall enter an <span class=\"dictionary\">order<\/span> to such effect, a copy of which shall be promptly certified by the clerk of the <span class=\"dictionary\">court<\/span> to the <span class=\"dictionary\">governing body<\/span> of the <span class=\"dictionary\">locality<\/span>. The <span class=\"dictionary\">locality<\/span> may then proceed to prepare, <span class=\"dictionary\">issue<\/span> and sell its <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> up to the amount so authorized and in doing so shall have all of the powers granted to the <span class=\"dictionary\">locality<\/span> by this chapter with respect to incurring debt and issuing <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>. <span class=\"dictionary\"><span class=\"dictionary\">Bonds<\/span><\/span> authorized by a <span class=\"dictionary\">referendum<\/span> may not be issued by a <span class=\"dictionary\">locality<\/span> more than eight years after the date of the <span class=\"dictionary\">referendum<\/span>; however, this eight-year period may, at the request of the <span class=\"dictionary\">governing body<\/span> of the <span class=\"dictionary\">locality<\/span>, be extended to up to ten years after the date of the <span class=\"dictionary\">referendum<\/span> by <span class=\"dictionary\">order<\/span> of the <span class=\"dictionary\">circuit<\/span> <span class=\"dictionary\">court<\/span> for the <span class=\"dictionary\">locality<\/span>, or in the case of a <span class=\"dictionary\">town<\/span> the <span class=\"dictionary\">circuit<\/span> <span class=\"dictionary\">court<\/span> for the <span class=\"dictionary\">county<\/span> in which the <span class=\"dictionary\">town<\/span> is located, entered before the expiration of the eight-year period. The <span class=\"dictionary\">court<\/span> shall grant such extension unless the <span class=\"dictionary\">court<\/span> is shown by clear and convincing <span class=\"dictionary\">evidence<\/span> that the extension is not in the best interests of the <span class=\"dictionary\">locality<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nHOLDING OF ELECTION; ORDER AUTHORIZING BONDS; AUTHORITY OF GOVERNING BODY (\u00a7\n15.2-2611)\n\nThe regular election officers of the locality at the time designated in the\norder authorizing the vote shall open the polls at the various voting places in\nthe locality and conduct the election in the manner provided by law for other\nelections. At the election, each voter may cast his or her vote for or against\nthe bond issue. The votes shall be counted, the returns made and canvassed and\nthe results certified as provided in \u00a7 24.2-681 et seq. If it appears from the\nreturns that a majority of the voters of the locality voting on the question at\nthe election are against the proposed bond issue, an order shall be entered by\nthe court to such effect. If a majority of the voters of the locality voting on\nthe question approve the bond issue, the court shall enter an order to such\neffect, a copy of which shall be promptly certified by the clerk of the court to\nthe governing body of the locality. The locality may then proceed to prepare,\nissue and sell its bonds up to the amount so authorized and in doing so shall\nhave all of the powers granted to the locality by this chapter with respect to\nincurring debt and issuing bonds. Bonds authorized by a referendum may not be\nissued by a locality more than eight years after the date of the referendum;\nhowever, this eight-year period may, at the request of the governing body of the\nlocality, be extended to up to ten years after the date of the referendum by\norder of the circuit court for the locality, or in the case of a town the\ncircuit court for the county in which the town is located, entered before the\nexpiration of the eight-year period. The court shall grant such extension unless\nthe court is shown by clear and convincing evidence that the extension is not in\nthe best interests of the locality.\n\nHISTORY: Code 1950, \u00a7 15-666.31; 1958, c. 640; 1962, c. 623, \u00a7 15.1-188; 1982,\nc. 181; 1991, c. 668, \u00a7 15.1-227.13; 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}}