{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5126.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5126.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5126.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5126.html"}],"law_id":86781,"edition_id":1,"section_id":86781,"structure_id":14969,"section_number":"15.2-5126","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","history":"1997, c. 587.","full_text":"For a period of thirty days after the date of the filing with the circuit court having jurisdiction over any of the political subdivisions which are members of the authority a certified copy of the initial resolution of the authority authorizing the issuance of bonds, any person in interest may contest the validity of the bonds, the rates, fees and other charges for the services and facilities furnished by, for the use of, or in connection with, any water or waste system or, for authorities created under Article 6 (\u00a7 15.2-5152 et seq.) of this chapter, such other facilities which may be provided by the authority under \u00a7 15.2-5158, the pledge of the revenues of any water or waste system, or any combination of any thereof or, for authorities created under Article 6 of this chapter, such other facilities which may be provided by the authority under \u00a7 15.2-5158, any provisions which may be recited in any resolution, trust agreement, indenture or other instrument authorizing the issuance of bonds, or any matter contained in, provided for or done or to be done pursuant to the foregoing. If such contest is not given within the thirty-day period, the authority to issue the bonds, the validity of the pledge of revenues necessary to pay the bonds, the validity of any other provision contained in the resolution, trust agreement, indenture or other instrument, and all proceedings in connection with the authorization and the issuance of the bonds shall be conclusively presumed to have been legally taken and no court shall have authority to inquire into such matters and no such contest shall thereafter be instituted.\n\t\tUpon the delivery of any bonds reciting that they are issued pursuant to this chapter and a resolution or resolutions adopted under this chapter, the bonds shall be conclusively presumed to be fully authorized by all the laws of the Commonwealth and to have been sold, executed and delivered by the authority in conformity with such laws, and the validity of the bonds shall not be questioned by a party plaintiff, a party defendant, the authority, or any other interested party in any court, anything in this chapter or in any other statutes to the contrary notwithstanding.","order_by":null,"text":{"0":{"id":310758,"text":"For a period of thirty days after the date of the filing with the circuit court having jurisdiction over any of the political subdivisions which are members of the authority a certified copy of the initial resolution of the authority authorizing the issuance of bonds, any person in interest may contest the validity of the bonds, the rates, fees and other charges for the services and facilities furnished by, for the use of, or in connection with, any water or waste system or, for authorities created under Article 6 (\u00a7 15.2-5152 et seq.) of this chapter, such other facilities which may be provided by the authority under \u00a7 15.2-5158, the pledge of the revenues of any water or waste system, or any combination of any thereof or, for authorities created under Article 6 of this chapter, such other facilities which may be provided by the authority under \u00a7 15.2-5158, any provisions which may be recited in any resolution, trust agreement, indenture or other instrument authorizing the issuance of bonds, or any matter contained in, provided for or done or to be done pursuant to the foregoing. If such contest is not given within the thirty-day period, the authority to issue the bonds, the validity of the pledge of revenues necessary to pay the bonds, the validity of any other provision contained in the resolution, trust agreement, indenture or other instrument, and all proceedings in connection with the authorization and the issuance of the bonds shall be conclusively presumed to have been legally taken and no court shall have authority to inquire into such matters and no such contest shall thereafter be instituted.\n\t\tUpon the delivery of any bonds reciting that they are issued pursuant to this chapter and a resolution or resolutions adopted under this chapter, the bonds shall be conclusively presumed to be fully authorized by all the laws of the Commonwealth and to have been sold, executed and delivered by the authority in conformity with such laws, and the validity of the bonds shall not be questioned by a party plaintiff, a party defendant, the authority, or any other interested party in any court, anything in this chapter or in any other statutes to the contrary notwithstanding.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14969,"edition_id":1,"name":"Financing","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13433,"metadata":{},"date_created":"2026-06-26 03:51:09","date_modified":"2026-06-26 03:51:09","permalink":{"id":158567,"object_type":"structure","relational_id":14969,"identifier":"4","token":"15.2\/IV\/51\/4","url":"\/15.2\/IV\/51\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13433,"edition_id":1,"name":"Virginia Water and Waste Authorities Act","identifier":"51","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:44:53","date_modified":"2026-06-26 03:44:53","permalink":{"id":158455,"object_type":"structure","relational_id":13433,"identifier":"51","token":"15.2\/IV\/51","url":"\/15.2\/IV\/51\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","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":85033,"structure_id":14969,"section_number":"15.2-5125","catch_line":"Issuance of revenue bonds","url":"\/15.2-5125\/","token":"15.2\/IV\/51\/4\/15.2-5125","metadata":false},{"id":86781,"structure_id":14969,"section_number":"15.2-5126","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","url":"\/15.2-5126\/","token":"15.2\/IV\/51\/4\/15.2-5126","metadata":false},{"id":61507,"structure_id":14969,"section_number":"15.2-5127","catch_line":"Proceeds of bonds","url":"\/15.2-5127\/","token":"15.2\/IV\/51\/4\/15.2-5127","metadata":false},{"id":58649,"structure_id":14969,"section_number":"15.2-5128","catch_line":"Interim receipts and temporary bonds; bonds mutilated, lost or destroyed","url":"\/15.2-5128\/","token":"15.2\/IV\/51\/4\/15.2-5128","metadata":false},{"id":66085,"structure_id":14969,"section_number":"15.2-5129","catch_line":"Provisions of chapter only requirements for issue","url":"\/15.2-5129\/","token":"15.2\/IV\/51\/4\/15.2-5129","metadata":false},{"id":71235,"structure_id":14969,"section_number":"15.2-5130","catch_line":"Limitations in bond resolution or trust agreement","url":"\/15.2-5130\/","token":"15.2\/IV\/51\/4\/15.2-5130","metadata":false},{"id":83247,"structure_id":14969,"section_number":"15.2-5131","catch_line":"Bonds not debts of Commonwealth or participating political subdivision","url":"\/15.2-5131\/","token":"15.2\/IV\/51\/4\/15.2-5131","metadata":false},{"id":75618,"structure_id":14969,"section_number":"15.2-5132","catch_line":"Exemption from taxation","url":"\/15.2-5132\/","token":"15.2\/IV\/51\/4\/15.2-5132","metadata":false},{"id":82457,"structure_id":14969,"section_number":"15.2-5133","catch_line":"Trust agreement; bond resolution","url":"\/15.2-5133\/","token":"15.2\/IV\/51\/4\/15.2-5133","metadata":false},{"id":57100,"structure_id":14969,"section_number":"15.2-5134","catch_line":"Disposition of unclaimed funds due on matured bonds or coupons","url":"\/15.2-5134\/","token":"15.2\/IV\/51\/4\/15.2-5134","metadata":false},{"id":84888,"structure_id":14969,"section_number":"15.2-5135","catch_line":"Contracts concerning interest rates, currency, cash flow and other basis","url":"\/15.2-5135\/","token":"15.2\/IV\/51\/4\/15.2-5135","metadata":false},{"id":72962,"structure_id":14969,"section_number":"15.2-5136","catch_line":"Rates and charges","url":"\/15.2-5136\/","token":"15.2\/IV\/51\/4\/15.2-5136","metadata":false},{"id":61144,"structure_id":14969,"section_number":"15.2-5137","catch_line":"Water and sewer connections; exceptions","url":"\/15.2-5137\/","token":"15.2\/IV\/51\/4\/15.2-5137","metadata":false},{"id":61472,"structure_id":14969,"section_number":"15.2-5138","catch_line":"Enforcement of charges","url":"\/15.2-5138\/","token":"15.2\/IV\/51\/4\/15.2-5138","metadata":false},{"id":59391,"structure_id":14969,"section_number":"15.2-5138.1","catch_line":"Enforcement of certain charges when authority does not provide water services","url":"\/15.2-5138.1\/","token":"15.2\/IV\/51\/4\/15.2-5138.1","metadata":false},{"id":64315,"structure_id":14969,"section_number":"15.2-5139","catch_line":"Lien for charges","url":"\/15.2-5139\/","token":"15.2\/IV\/51\/4\/15.2-5139","metadata":false},{"id":69179,"structure_id":14969,"section_number":"15.2-5140","catch_line":"Trust funds","url":"\/15.2-5140\/","token":"15.2\/IV\/51\/4\/15.2-5140","metadata":false},{"id":57657,"structure_id":14969,"section_number":"15.2-5141","catch_line":"Bondholder's remedies","url":"\/15.2-5141\/","token":"15.2\/IV\/51\/4\/15.2-5141","metadata":false},{"id":77919,"structure_id":14969,"section_number":"15.2-5142","catch_line":"Refunding bonds","url":"\/15.2-5142\/","token":"15.2\/IV\/51\/4\/15.2-5142","metadata":false},{"id":81266,"structure_id":14969,"section_number":"15.2-5143","catch_line":"Purchase in open market or otherwise","url":"\/15.2-5143\/","token":"15.2\/IV\/51\/4\/15.2-5143","metadata":false},{"id":57890,"structure_id":14969,"section_number":"15.2-5144","catch_line":"Investment in bonds","url":"\/15.2-5144\/","token":"15.2\/IV\/51\/4\/15.2-5144","metadata":false},{"id":57812,"structure_id":14969,"section_number":"15.2-5145","catch_line":"Financial report; authority budget; audit","url":"\/15.2-5145\/","token":"15.2\/IV\/51\/4\/15.2-5145","metadata":false}],"previous_section":{"id":85033,"structure_id":14969,"section_number":"15.2-5125","catch_line":"Issuance of revenue bonds","url":"\/15.2-5125\/","token":"15.2\/IV\/51\/4\/15.2-5125","metadata":false},"next_section":{"id":61507,"structure_id":14969,"section_number":"15.2-5127","catch_line":"Proceeds of bonds","url":"\/15.2-5127\/","token":"15.2\/IV\/51\/4\/15.2-5127","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5126\/","history_text":"

This law was first created in 1997. The record of its establishment is cataloged in chapter 587<\/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":85282,"section_number":"15.2-5152","catch_line":"Localities may consider petitions for creation of authority","order_by":null,"url":"\/15.2-5152\/"},{"id":72392,"section_number":"15.2-5158","catch_line":"Additional powers of community development authorities","order_by":null,"url":"\/15.2-5158\/"}],"permalink":{"id":158573,"object_type":"law","relational_id":86781,"identifier":"15.2-5126","token":"15.2\/IV\/51\/4\/15.2-5126","url":"\/15.2-5126\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5126\/","token":"15.2\/IV\/51\/4\/15.2-5126","dublin_core":{"Title":"Time for contesting validity of proposed bond issue; when bonds presumed valid","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5126","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

For a period of thirty days after the date of the filing with the circuit<\/span> court<\/span> having jurisdiction<\/span> over any of the political subdivisions<\/span> which are members of the authority<\/span> a certified copy of the initial resolution of the authority<\/span> authorizing the issuance of bonds<\/span>, any person in interest may contest the validity of the bonds<\/span>, the rates, fees and other charges for the services and facilities furnished by, for the use of, or in connection with, any water or waste system<\/span> or, for authorities created under Article 6 (\u00a7 15.2-5152<\/a> et seq.) of this chapter, such other facilities which may be provided by the authority<\/span> under \u00a7 15.2-5158<\/a>, the pledge of the revenues of any water or waste system<\/span>, or any combination of any thereof or, for authorities created under Article 6 of this chapter, such other facilities which may be provided by the authority<\/span> under \u00a7 15.2-5158<\/a>, any provisions which may be recited in any resolution, trust agreement, indenture or other instrument authorizing the issuance of bonds<\/span>, or any matter contained in, provided for or done or to be done pursuant to the foregoing. If such contest is not given within the thirty-day period, the authority<\/span> to issue<\/span> the bonds<\/span>, the validity of the pledge of revenues necessary to pay the bonds<\/span>, the validity of any other provision contained in the resolution, trust agreement, indenture or other instrument, and all proceedings in connection with the authorization and the issuance of the bonds<\/span> shall be conclusively presumed to have been legally taken and no court<\/span> shall have authority<\/span> to inquire into such matters and no such contest shall thereafter be instituted.\n\t\tUpon the delivery of any bonds<\/span> reciting that they are issued pursuant to this chapter and a resolution or resolutions adopted under this chapter, the bonds<\/span> shall be conclusively presumed to be fully authorized by all the laws<\/span> of the Commonwealth and to have been sold, executed and delivered by the authority<\/span> in conformity with such laws<\/span>, and the validity of the bonds<\/span> shall not be questioned by a party<\/span> plaintiff<\/span>, a party<\/span> defendant<\/span>, the authority<\/span>, or any other interested party<\/span> in any court<\/span>, anything in this chapter or in any other statutes<\/span> to the contrary notwithstanding.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTIME FOR CONTESTING VALIDITY OF PROPOSED BOND ISSUE; WHEN BONDS PRESUMED VALID\n(\u00a7 15.2-5126)\n\nFor a period of thirty days after the date of the filing with the circuit court\nhaving jurisdiction over any of the political subdivisions which are members of\nthe authority a certified copy of the initial resolution of the authority\nauthorizing the issuance of bonds, any person in interest may contest the\nvalidity of the bonds, the rates, fees and other charges for the services and\nfacilities furnished by, for the use of, or in connection with, any water or\nwaste system or, for authorities created under Article 6 (\u00a7 15.2-5152 et seq.)\nof this chapter, such other facilities which may be provided by the authority\nunder \u00a7 15.2-5158, the pledge of the revenues of any water or waste system, or\nany combination of any thereof or, for authorities created under Article 6 of\nthis chapter, such other facilities which may be provided by the authority under\n\u00a7 15.2-5158, any provisions which may be recited in any resolution, trust\nagreement, indenture or other instrument authorizing the issuance of bonds, or\nany matter contained in, provided for or done or to be done pursuant to the\nforegoing. If such contest is not given within the thirty-day period, the\nauthority to issue the bonds, the validity of the pledge of revenues necessary\nto pay the bonds, the validity of any other provision contained in the\nresolution, trust agreement, indenture or other instrument, and all proceedings\nin connection with the authorization and the issuance of the bonds shall be\nconclusively presumed to have been legally taken and no court shall have\nauthority to inquire into such matters and no such contest shall thereafter be\ninstituted.\n\t\tUpon the delivery of any bonds reciting that they are issued pursuant to this\nchapter and a resolution or resolutions adopted under this chapter, the bonds\nshall be conclusively presumed to be fully authorized by all the laws of the\nCommonwealth and to have been sold, executed and delivered by the authority in\nconformity with such laws, and the validity of the bonds shall not be questioned\nby a party plaintiff, a party defendant, the authority, or any other interested\nparty in any court, anything in this chapter or in any other statutes to the\ncontrary notwithstanding.\n\nHISTORY: 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}}