{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2646.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2646.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2646.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2646.html"}],"law_id":73964,"edition_id":1,"section_id":73964,"structure_id":16241,"section_number":"15.2-2646","catch_line":"Participation in funds donated by the Commonwealth","history":"Code 1950, \u00a7 15-666.36; 1958, c. 640; 1962, c. 623, \u00a7 15.1-195; 1991, c. 668, \u00a7 15.1-227.48; 1997, c. 587.","full_text":"The issuance of refunding bonds for the retirement of bonds which are now or may hereafter be entitled to participate in funds donated by the Commonwealth, or funds receivable from any source other than local taxes levied for such purposes, shall not be construed to deprive the bonds of the right to continue to participate in the distribution of those funds, and the refunding bonds after their issuance shall enjoy all rights as would have been enjoyed by the bonds refunded.","order_by":null,"text":{"0":{"id":266029,"text":"The issuance of refunding bonds for the retirement of bonds which are now or may hereafter be entitled to participate in funds donated by the Commonwealth, or funds receivable from any source other than local taxes levied for such purposes, shall not be construed to deprive the bonds of the right to continue to participate in the distribution of those funds, and the refunding bonds after their issuance shall enjoy all rights as would have been enjoyed by the bonds refunded.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2646\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 1991, chapter 668; in 1997, chapter 587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":156139,"object_type":"law","relational_id":73964,"identifier":"15.2-2646","token":"15.2\/II\/26\/5\/15.2-2646","url":"\/15.2-2646\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2646\/","token":"15.2\/II\/26\/5\/15.2-2646","dublin_core":{"Title":"Participation in funds donated by the Commonwealth","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2646","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The issuance of refunding bonds<\/span><\/span> for the retirement of bonds<\/span><\/span> which are now or may hereafter be entitled to participate in funds donated by the Commonwealth, or funds receivable from any source other than local taxes levied for such purposes, shall not be construed to deprive the bonds<\/span><\/span> of the right to continue to participate in the distribution of those funds, and the refunding bonds<\/span><\/span> after their issuance shall enjoy all rights as would have been enjoyed by the bonds<\/span><\/span> refunded.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPARTICIPATION IN FUNDS DONATED BY THE COMMONWEALTH (\u00a7 15.2-2646)\n\nThe issuance of refunding bonds for the retirement of bonds which are now or may\nhereafter be entitled to participate in funds donated by the Commonwealth, or\nfunds receivable from any source other than local taxes levied for such\npurposes, shall not be construed to deprive the bonds of the right to continue\nto participate in the distribution of those funds, and the refunding bonds after\ntheir issuance shall enjoy all rights as would have been enjoyed by the bonds\nrefunded.\n\nHISTORY: Code 1950, \u00a7 15-666.36; 1958, c. 640; 1962, c. 623, \u00a7 15.1-195; 1991,\nc. 668, \u00a7 15.1-227.48; 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}}