{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2643.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2643.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2643.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2643.html"}],"law_id":81286,"edition_id":1,"section_id":81286,"structure_id":16241,"section_number":"15.2-2643","catch_line":"Authority for issuance; resolutions or ordinances","history":"Code 1950, \u00a7 15-666.33; 1958, c. 640; 1962, c. 623, \u00a7 15.1-192; 1977, c. 442; 1991, c. 668, \u00a7 15.1-227.44; 1997, c. 587.","full_text":"The governing body of any locality is authorized to provide by resolution or ordinance for the issuance of bonds of the locality for the purpose of refunding any or all bonds of the locality now or hereafter outstanding, other than obligations issued in anticipation of the collection of the revenue of the locality for the then current year, and for the purpose of paying the cost of issuing the refunding bonds, whether the locality created the indebtedness or assumed or became liable for it and whether or not the indebtedness to be refunded has matured or is then subject to redemption.\n\t\tThis article shall without reference to any other sections of the Code or acts of the General Assembly be full authority for the issuance, sale, or exchange of bonds authorized under it, and no order, resolution or proceeding in respect of the issuance of the bonds shall be necessary except as required by this article. No approval of the authorization, sale, or exchange of bonds under this article shall be required by any official, court, board, or body and no publication of any notice, order, resolution, or proceeding relating to the issuance of refunding bonds shall be necessary, except as expressly required in this article. The authorization and issuance of refunding bonds shall not be subject to referendum.","order_by":null,"text":{"0":{"id":291332,"text":"The governing body of any locality is authorized to provide by resolution or ordinance for the issuance of bonds of the locality for the purpose of refunding any or all bonds of the locality now or hereafter outstanding, other than obligations issued in anticipation of the collection of the revenue of the locality for the then current year, and for the purpose of paying the cost of issuing the refunding bonds, whether the locality created the indebtedness or assumed or became liable for it and whether or not the indebtedness to be refunded has matured or is then subject to redemption.\n\t\tThis article shall without reference to any other sections of the Code or acts of the General Assembly be full authority for the issuance, sale, or exchange of bonds authorized under it, and no order, resolution or proceeding in respect of the issuance of the bonds shall be necessary except as required by this article. No approval of the authorization, sale, or exchange of bonds under this article shall be required by any official, court, board, or body and no publication of any notice, order, resolution, or proceeding relating to the issuance of refunding bonds shall be necessary, except as expressly required in this article. The authorization and issuance of refunding bonds shall not be subject to referendum.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16241,"edition_id":1,"name":"Refunding Bonds","identifier":"5","label":"article","depth":4,"order_by":1,"parent_id":13707,"metadata":{},"date_created":"2026-06-26 04:10:46","date_modified":"2026-06-26 04:10:46","permalink":{"id":156125,"object_type":"structure","relational_id":16241,"identifier":"5","token":"15.2\/II\/26\/5","url":"\/15.2\/II\/26\/5\/","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":81286,"structure_id":16241,"section_number":"15.2-2643","catch_line":"Authority for issuance; resolutions or ordinances","url":"\/15.2-2643\/","token":"15.2\/II\/26\/5\/15.2-2643","metadata":false},{"id":73131,"structure_id":16241,"section_number":"15.2-2644","catch_line":"Issuance or exchange for indebtedness to be retired; sale and disposition of proceeds; rights of owners","url":"\/15.2-2644\/","token":"15.2\/II\/26\/5\/15.2-2644","metadata":false},{"id":78725,"structure_id":16241,"section_number":"15.2-2645","catch_line":"Amount of bonds","url":"\/15.2-2645\/","token":"15.2\/II\/26\/5\/15.2-2645","metadata":false},{"id":73964,"structure_id":16241,"section_number":"15.2-2646","catch_line":"Participation in funds donated by the Commonwealth","url":"\/15.2-2646\/","token":"15.2\/II\/26\/5\/15.2-2646","metadata":false},{"id":65459,"structure_id":16241,"section_number":"15.2-2647","catch_line":"Expenses of authorization and issuance; agent to assist in refunding transaction","url":"\/15.2-2647\/","token":"15.2\/II\/26\/5\/15.2-2647","metadata":false},{"id":86780,"structure_id":16241,"section_number":"15.2-2648","catch_line":"Purchase in open market","url":"\/15.2-2648\/","token":"15.2\/II\/26\/5\/15.2-2648","metadata":false},{"id":86320,"structure_id":16241,"section_number":"15.2-2649","catch_line":"District refunding bonds","url":"\/15.2-2649\/","token":"15.2\/II\/26\/5\/15.2-2649","metadata":false}],"next_section":{"id":73131,"structure_id":16241,"section_number":"15.2-2644","catch_line":"Issuance or exchange for indebtedness to be retired; sale and disposition of proceeds; rights of owners","url":"\/15.2-2644\/","token":"15.2\/II\/26\/5\/15.2-2644","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2643\/","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 1977, chapter 442; in 1991, chapter 668; in 1997, chapter 587<\/a>.<\/p>","references":[{"id":64803,"section_number":"15.2-2606","catch_line":"Public hearing before issuance of bonds","order_by":null,"url":"\/15.2-2606\/"}],"refers_to":false,"permalink":{"id":156127,"object_type":"law","relational_id":81286,"identifier":"15.2-2643","token":"15.2\/II\/26\/5\/15.2-2643","url":"\/15.2-2643\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2643\/","token":"15.2\/II\/26\/5\/15.2-2643","dublin_core":{"Title":"Authority for issuance; resolutions or ordinances","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2643","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The governing body<\/span> of any locality<\/span> is authorized to provide by resolution or ordinance<\/span> for the issuance of bonds<\/span><\/span> of the locality<\/span> for the purpose of refunding any or all bonds<\/span><\/span> of the locality<\/span> now or hereafter outstanding, other than obligations issued in anticipation of the collection of the revenue of the locality<\/span> for the then current year, and for the purpose of paying the cost<\/span> of issuing the refunding bonds<\/span><\/span>, whether the locality<\/span> created the indebtedness or assumed or became liable for it and whether or not the indebtedness to be refunded has matured or is then subject to redemption<\/span>.\n\t\tThis article shall without reference to any other sections of the Code or acts of the General Assembly be full authority for the issuance, sale, or exchange of bonds<\/span><\/span> authorized under it, and no order<\/span>, resolution or proceeding in respect of the issuance of the bonds<\/span><\/span> shall be necessary except as required by this article. No approval of the authorization, sale, or exchange of bonds<\/span><\/span> under this article shall be required by any official, court<\/span>, board, or body and no publication of any notice, order<\/span>, resolution, or proceeding relating to the issuance of refunding bonds<\/span><\/span> shall be necessary, except as expressly required in this article. The authorization and issuance of refunding bonds<\/span><\/span> shall not be subject to referendum<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAUTHORITY FOR ISSUANCE; RESOLUTIONS OR ORDINANCES (\u00a7 15.2-2643)\n\nThe governing body of any locality is authorized to provide by resolution or\nordinance for the issuance of bonds of the locality for the purpose of refunding\nany or all bonds of the locality now or hereafter outstanding, other than\nobligations issued in anticipation of the collection of the revenue of the\nlocality for the then current year, and for the purpose of paying the cost of\nissuing the refunding bonds, whether the locality created the indebtedness or\nassumed or became liable for it and whether or not the indebtedness to be\nrefunded has matured or is then subject to redemption.\n\t\tThis article shall without reference to any other sections of the Code or acts\nof the General Assembly be full authority for the issuance, sale, or exchange of\nbonds authorized under it, and no order, resolution or proceeding in respect of\nthe issuance of the bonds shall be necessary except as required by this article.\nNo approval of the authorization, sale, or exchange of bonds under this article\nshall be required by any official, court, board, or body and no publication of\nany notice, order, resolution, or proceeding relating to the issuance of\nrefunding bonds shall be necessary, except as expressly required in this\narticle. The authorization and issuance of refunding bonds shall not be subject\nto referendum.\n\nHISTORY: Code 1950, \u00a7 15-666.33; 1958, c. 640; 1962, c. 623, \u00a7 15.1-192; 1977,\nc. 442; 1991, c. 668, \u00a7 15.1-227.44; 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}}