{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2636.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2636.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2636.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2636.html"}],"law_id":75647,"edition_id":1,"section_id":75647,"structure_id":13708,"section_number":"15.2-2636","catch_line":"Ordinance or resolution to provide for issue of bonds","history":"Code 1950, \u00a7 15-666.22; 1958, c. 640; 1962, c. 623, \u00a7 15.1-179; 1971, Ex. Sess., c. 224; 1973, c. 144; 1991, c. 668, \u00a7 15.1-227.37; 1997, c. 587.","full_text":"Except as otherwise provided in this section, whenever any municipality proposes to borrow money and issue its bonds under the provisions of Article VII, Section 10(a), of the Constitution of Virginia and this chapter, the governing body shall adopt an ordinance or resolution, stating the maximum principal amount of the bonds to be issued and in brief and general terms the purpose or purposes for which the proceeds of the bonds are to be used. Subject to \u00a7 15.2-2601, if the proposed bond issue is pursuant to the provisions of Article VII, Section 10(a) of the Constitution of Virginia (other than subsection (2) thereof), the governing body may authorize and issue bonds in accordance with the applicable provisions of this chapter, without submission of the question of the issuance of the bonds to the voters for approval. If the bonds are being issued under the provisions of Article VII, Section 10(a)(2) of the Constitution of Virginia, and are not to be included within the otherwise authorized indebtedness of the municipality, the bonds shall be authorized by an ordinance which shall state that fact, as well as the specific undertaking for which the money is proposed to be borrowed and the bonds are to be issued, and request that a referendum on the issuance of the bonds be held in accordance with \u00a7\u00a7 15.2-2610 and 15.2-2611. Any ordinance or resolution authorizing the issuance of bonds by a municipality must be passed by the recorded affirmative vote of a majority of all the members elected to its governing body. If the ordinance or resolution is vetoed by the mayor, where the power of veto exists, it may be adopted notwithstanding the veto in the manner prescribed by Article VII, Section 7 of the Constitution of Virginia.","order_by":null,"text":{"0":{"id":271676,"text":"Except as otherwise provided in this section, whenever any municipality proposes to borrow money and issue its bonds under the provisions of Article VII, Section 10(a), of the Constitution of Virginia and this chapter, the governing body shall adopt an ordinance or resolution, stating the maximum principal amount of the bonds to be issued and in brief and general terms the purpose or purposes for which the proceeds of the bonds are to be used. Subject to \u00a7 15.2-2601, if the proposed bond issue is pursuant to the provisions of Article VII, Section 10(a) of the Constitution of Virginia (other than subsection (2) thereof), the governing body may authorize and issue bonds in accordance with the applicable provisions of this chapter, without submission of the question of the issuance of the bonds to the voters for approval. If the bonds are being issued under the provisions of Article VII, Section 10(a)(2) of the Constitution of Virginia, and are not to be included within the otherwise authorized indebtedness of the municipality, the bonds shall be authorized by an ordinance which shall state that fact, as well as the specific undertaking for which the money is proposed to be borrowed and the bonds are to be issued, and request that a referendum on the issuance of the bonds be held in accordance with \u00a7\u00a7 15.2-2610 and 15.2-2611. Any ordinance or resolution authorizing the issuance of bonds by a municipality must be passed by the recorded affirmative vote of a majority of all the members elected to its governing body. If the ordinance or resolution is vetoed by the mayor, where the power of veto exists, it may be adopted notwithstanding the veto in the manner prescribed by Article VII, Section 7 of the Constitution of Virginia.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13708,"edition_id":1,"name":"Bonds Issued by Municipalities","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13707,"metadata":{},"date_created":"2026-06-26 03:45:37","date_modified":"2026-06-26 03:45:37","permalink":{"id":156077,"object_type":"structure","relational_id":13708,"identifier":"3","token":"15.2\/II\/26\/3","url":"\/15.2\/II\/26\/3\/","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":72089,"structure_id":13708,"section_number":"15.2-2632","catch_line":"Certain debts that may be contracted by city on transition from town","url":"\/15.2-2632\/","token":"15.2\/II\/26\/3\/15.2-2632","metadata":false},{"id":81280,"structure_id":13708,"section_number":"15.2-2633","catch_line":"Borrowing by certain cities to pay expenses","url":"\/15.2-2633\/","token":"15.2\/II\/26\/3\/15.2-2633","metadata":false},{"id":54691,"structure_id":13708,"section_number":"15.2-2634","catch_line":"Limitation on amount of outstanding bonds","url":"\/15.2-2634\/","token":"15.2\/II\/26\/3\/15.2-2634","metadata":false},{"id":80357,"structure_id":13708,"section_number":"15.2-2635","catch_line":"What indebtedness not included in determining limitation","url":"\/15.2-2635\/","token":"15.2\/II\/26\/3\/15.2-2635","metadata":false},{"id":75647,"structure_id":13708,"section_number":"15.2-2636","catch_line":"Ordinance or resolution to provide for issue of bonds","url":"\/15.2-2636\/","token":"15.2\/II\/26\/3\/15.2-2636","metadata":false},{"id":72977,"structure_id":13708,"section_number":"15.2-2637","catch_line":"Danville to incur indebtedness only in accordance with charter","url":"\/15.2-2637\/","token":"15.2\/II\/26\/3\/15.2-2637","metadata":false}],"previous_section":{"id":80357,"structure_id":13708,"section_number":"15.2-2635","catch_line":"What indebtedness not included in determining limitation","url":"\/15.2-2635\/","token":"15.2\/II\/26\/3\/15.2-2635","metadata":false},"next_section":{"id":72977,"structure_id":13708,"section_number":"15.2-2637","catch_line":"Danville to incur indebtedness only in accordance with charter","url":"\/15.2-2637\/","token":"15.2\/II\/26\/3\/15.2-2637","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2636\/","history_text":"

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 1973, chapter 144; in 1991, chapter 668; in 1997, chapter 587<\/a>.<\/p>","references":false,"refers_to":[{"id":72287,"section_number":"15.2-2601","catch_line":"Chapter not to affect general, special and local acts and charters under which bonds are issued or validated","order_by":null,"url":"\/15.2-2601\/"},{"id":59146,"section_number":"15.2-2610","catch_line":"Request for referendum filed with court; order for election; notice","order_by":null,"url":"\/15.2-2610\/"},{"id":73440,"section_number":"15.2-2611","catch_line":"Holding of election; order authorizing bonds; authority of governing body","order_by":null,"url":"\/15.2-2611\/"}],"permalink":{"id":156095,"object_type":"law","relational_id":75647,"identifier":"15.2-2636","token":"15.2\/II\/26\/3\/15.2-2636","url":"\/15.2-2636\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2636\/","token":"15.2\/II\/26\/3\/15.2-2636","dublin_core":{"Title":"Ordinance or resolution to provide for issue of bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2636","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Except as otherwise provided in this section, whenever any municipality proposes to borrow money and issue<\/span> its bonds<\/span><\/span> under the provisions of Article VII, Section 10(a), of the Constitution of Virginia and this chapter, the governing body<\/span> shall adopt an ordinance<\/span> or resolution, stating the maximum principal amount of the bonds<\/span><\/span> to be issued and in brief<\/span> and general terms the purpose or purposes for which the proceeds of the bonds<\/span><\/span> are to be used. Subject to \u00a7 15.2-2601<\/a>, if the proposed bond<\/span> issue<\/span> is pursuant to the provisions of Article VII, Section 10(a) of the Constitution of Virginia (other than subsection (2) thereof), the governing body<\/span> may authorize and issue<\/span> bonds<\/span><\/span> in accordance with the applicable provisions of this chapter, without submission of the question of the issuance of the bonds<\/span><\/span> to the voters<\/span> for approval. If the bonds<\/span><\/span> are being issued under the provisions of Article VII, Section 10(a)(2) of the Constitution of Virginia, and are not to be included within the otherwise authorized indebtedness of the municipality, the bonds<\/span><\/span> shall be authorized by an ordinance<\/span> which shall state that fact<\/span>, as well as the specific undertaking for which the money is proposed to be borrowed and the bonds<\/span><\/span> are to be issued, and request that a referendum<\/span> on the issuance of the bonds<\/span><\/span> be held in accordance with \u00a7\u00a7 15.2-2610<\/a> and 15.2-2611<\/a>. Any ordinance<\/span> or resolution authorizing the issuance of bonds<\/span><\/span> by a municipality must be passed by the recorded affirmative vote of a majority of all the members elected to its governing body<\/span>. If the ordinance<\/span> or resolution is vetoed by the mayor, where the power of veto exists, it may be adopted notwithstanding the veto in the manner prescribed by Article VII, Section 7 of the Constitution of Virginia.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nORDINANCE OR RESOLUTION TO PROVIDE FOR ISSUE OF BONDS (\u00a7 15.2-2636)\n\nExcept as otherwise provided in this section, whenever any municipality proposes\nto borrow money and issue its bonds under the provisions of Article VII, Section\n10(a), of the Constitution of Virginia and this chapter, the governing body\nshall adopt an ordinance or resolution, stating the maximum principal amount of\nthe bonds to be issued and in brief and general terms the purpose or purposes\nfor which the proceeds of the bonds are to be used. Subject to \u00a7 15.2-2601, if\nthe proposed bond issue is pursuant to the provisions of Article VII, Section\n10(a) of the Constitution of Virginia (other than subsection (2) thereof), the\ngoverning body may authorize and issue bonds in accordance with the applicable\nprovisions of this chapter, without submission of the question of the issuance\nof the bonds to the voters for approval. If the bonds are being issued under the\nprovisions of Article VII, Section 10(a)(2) of the Constitution of Virginia, and\nare not to be included within the otherwise authorized indebtedness of the\nmunicipality, the bonds shall be authorized by an ordinance which shall state\nthat fact, as well as the specific undertaking for which the money is proposed\nto be borrowed and the bonds are to be issued, and request that a referendum on\nthe issuance of the bonds be held in accordance with \u00a7\u00a7 15.2-2610 and\n15.2-2611. Any ordinance or resolution authorizing the issuance of bonds by a\nmunicipality must be passed by the recorded affirmative vote of a majority of\nall the members elected to its governing body. If the ordinance or resolution is\nvetoed by the mayor, where the power of veto exists, it may be adopted\nnotwithstanding the veto in the manner prescribed by Article VII, Section 7 of\nthe Constitution of Virginia.\n\nHISTORY: Code 1950, \u00a7 15-666.22; 1958, c. 640; 1962, c. 623, \u00a7 15.1-179; 1971,\nEx. Sess., c. 224; 1973, c. 144; 1991, c. 668, \u00a7 15.1-227.37; 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}}