{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5339.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5339.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5339.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5339.html"}],"law_id":69991,"edition_id":1,"section_id":69991,"structure_id":13141,"section_number":"15.2-5339","catch_line":"Borrowing money","history":"Code 1950, \u00a7 32-253; 1979, c. 719, \u00a7 15.1-1574; 1997, c. 587; 2006, c. 658.","full_text":"An authority shall have power to borrow money upon its bonds, notes, debentures, or other evidences of indebtedness and to secure the same by pledges of its revenues in the manner and to the extent hereinafter provided and, in connection with any loan by a government, to agree to limitations upon the exercise of any powers conferred upon the authority by this chapter. This power shall include the power to refinance all or any portion of such debt, to renegotiate the terms of all or any portion of such debt, and to retire all or any portion of such debt prior to its maturity date.","order_by":null,"text":{"0":{"id":252876,"text":"An authority shall have power to borrow money upon its bonds, notes, debentures, or other evidences of indebtedness and to secure the same by pledges of its revenues in the manner and to the extent hereinafter provided and, in connection with any loan by a government, to agree to limitations upon the exercise of any powers conferred upon the authority by this chapter. This power shall include the power to refinance all or any portion of such debt, to renegotiate the terms of all or any portion of such debt, and to retire all or any portion of such debt prior to its maturity date.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13141,"edition_id":1,"name":"Powers","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13046,"metadata":{},"date_created":"2026-06-26 03:44:20","date_modified":"2026-06-26 03:44:20","permalink":{"id":158891,"object_type":"structure","relational_id":13141,"identifier":"2","token":"15.2\/IV\/53\/2","url":"\/15.2\/IV\/53\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13046,"edition_id":1,"name":"Hospital Authorities","identifier":"53","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":158799,"object_type":"structure","relational_id":13046,"identifier":"53","token":"15.2\/IV\/53","url":"\/15.2\/IV\/53\/","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":61897,"structure_id":13141,"section_number":"15.2-5322","catch_line":"In general","url":"\/15.2-5322\/","token":"15.2\/IV\/53\/2\/15.2-5322","metadata":false},{"id":69574,"structure_id":13141,"section_number":"15.2-5323","catch_line":"Study and investigation concerning plan","url":"\/15.2-5323\/","token":"15.2\/IV\/53\/2\/15.2-5323","metadata":false},{"id":80872,"structure_id":13141,"section_number":"15.2-5324","catch_line":"Preparation and operation of hospital projects; facilities relating to health care; additional powers","url":"\/15.2-5324\/","token":"15.2\/IV\/53\/2\/15.2-5324","metadata":false},{"id":82333,"structure_id":13141,"section_number":"15.2-5325","catch_line":"Clinics and instruction programs","url":"\/15.2-5325\/","token":"15.2\/IV\/53\/2\/15.2-5325","metadata":false},{"id":86768,"structure_id":13141,"section_number":"15.2-5326","catch_line":"Physicians and employees","url":"\/15.2-5326\/","token":"15.2\/IV\/53\/2\/15.2-5326","metadata":false},{"id":85853,"structure_id":13141,"section_number":"15.2-5327","catch_line":"Powers of nonstock corporations","url":"\/15.2-5327\/","token":"15.2\/IV\/53\/2\/15.2-5327","metadata":false},{"id":57690,"structure_id":13141,"section_number":"15.2-5328","catch_line":"Bylaws and rules and regulations","url":"\/15.2-5328\/","token":"15.2\/IV\/53\/2\/15.2-5328","metadata":false},{"id":56048,"structure_id":13141,"section_number":"15.2-5329","catch_line":"Committees","url":"\/15.2-5329\/","token":"15.2\/IV\/53\/2\/15.2-5329","metadata":false},{"id":64484,"structure_id":13141,"section_number":"15.2-5330","catch_line":"Construction, repair and management","url":"\/15.2-5330\/","token":"15.2\/IV\/53\/2\/15.2-5330","metadata":false},{"id":68173,"structure_id":13141,"section_number":"15.2-5331","catch_line":"Donations","url":"\/15.2-5331\/","token":"15.2\/IV\/53\/2\/15.2-5331","metadata":false},{"id":67612,"structure_id":13141,"section_number":"15.2-5332","catch_line":"Regulating practice and nursing in hospital","url":"\/15.2-5332\/","token":"15.2\/IV\/53\/2\/15.2-5332","metadata":false},{"id":57416,"structure_id":13141,"section_number":"15.2-5333","catch_line":"Rules as to patients","url":"\/15.2-5333\/","token":"15.2\/IV\/53\/2\/15.2-5333","metadata":false},{"id":61320,"structure_id":13141,"section_number":"15.2-5334","catch_line":"Purchases or leases of hospital projects","url":"\/15.2-5334\/","token":"15.2\/IV\/53\/2\/15.2-5334","metadata":false},{"id":76018,"structure_id":13141,"section_number":"15.2-5335","catch_line":"Acting with federal government","url":"\/15.2-5335\/","token":"15.2\/IV\/53\/2\/15.2-5335","metadata":false},{"id":79824,"structure_id":13141,"section_number":"15.2-5336","catch_line":"Cooperation with subdivision of Commonwealth","url":"\/15.2-5336\/","token":"15.2\/IV\/53\/2\/15.2-5336","metadata":false},{"id":54168,"structure_id":13141,"section_number":"15.2-5337","catch_line":"Purchase or lease of property; sale of property","url":"\/15.2-5337\/","token":"15.2\/IV\/53\/2\/15.2-5337","metadata":false},{"id":67500,"structure_id":13141,"section_number":"15.2-5338","catch_line":"Owning property","url":"\/15.2-5338\/","token":"15.2\/IV\/53\/2\/15.2-5338","metadata":false},{"id":69991,"structure_id":13141,"section_number":"15.2-5339","catch_line":"Borrowing money","url":"\/15.2-5339\/","token":"15.2\/IV\/53\/2\/15.2-5339","metadata":false},{"id":78520,"structure_id":13141,"section_number":"15.2-5340","catch_line":"Contracts","url":"\/15.2-5340\/","token":"15.2\/IV\/53\/2\/15.2-5340","metadata":false},{"id":73977,"structure_id":13141,"section_number":"15.2-5340.1","catch_line":"Joint ventures; subsidiaries; investments","url":"\/15.2-5340.1\/","token":"15.2\/IV\/53\/2\/15.2-5340.1","metadata":false},{"id":59384,"structure_id":13141,"section_number":"15.2-5340.2","catch_line":"Insurance","url":"\/15.2-5340.2\/","token":"15.2\/IV\/53\/2\/15.2-5340.2","metadata":false},{"id":79955,"structure_id":13141,"section_number":"15.2-5341","catch_line":"Rules and regulations not to be inconsistent","url":"\/15.2-5341\/","token":"15.2\/IV\/53\/2\/15.2-5341","metadata":false},{"id":66833,"structure_id":13141,"section_number":"15.2-5342","catch_line":"Incidental powers","url":"\/15.2-5342\/","token":"15.2\/IV\/53\/2\/15.2-5342","metadata":false},{"id":61522,"structure_id":13141,"section_number":"15.2-5343","catch_line":"Eminent domain","url":"\/15.2-5343\/","token":"15.2\/IV\/53\/2\/15.2-5343","metadata":false},{"id":69970,"structure_id":13141,"section_number":"15.2-5344","catch_line":"Contracts with federal government","url":"\/15.2-5344\/","token":"15.2\/IV\/53\/2\/15.2-5344","metadata":false},{"id":61954,"structure_id":13141,"section_number":"15.2-5345","catch_line":"Security for funds deposited by authorities; deposit in certain savings accounts, etc., authorized","url":"\/15.2-5345\/","token":"15.2\/IV\/53\/2\/15.2-5345","metadata":false}],"previous_section":{"id":67500,"structure_id":13141,"section_number":"15.2-5338","catch_line":"Owning property","url":"\/15.2-5338\/","token":"15.2\/IV\/53\/2\/15.2-5338","metadata":false},"next_section":{"id":78520,"structure_id":13141,"section_number":"15.2-5340","catch_line":"Contracts","url":"\/15.2-5340\/","token":"15.2\/IV\/53\/2\/15.2-5340","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5339\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1979, chapter 719; in 1997, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0587\">587<\/a>; in 2006, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?061+ful+CHAP0658\">658<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":158961,"object_type":"law","relational_id":69991,"identifier":"15.2-5339","token":"15.2\/IV\/53\/2\/15.2-5339","url":"\/15.2-5339\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5339\/","token":"15.2\/IV\/53\/2\/15.2-5339","dublin_core":{"Title":"Borrowing money","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5339","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>An <span class=\"dictionary\">authority<\/span> shall have power to borrow money upon its <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>, notes, debentures, or other <span class=\"dictionary\">evidences<\/span> of indebtedness and to secure the same by pledges of its revenues in the manner and to the extent hereinafter provided and, in connection with any loan by a <span class=\"dictionary\">government<\/span>, to agree to limitations upon the exercise of any powers conferred upon the <span class=\"dictionary\">authority<\/span> by this chapter. This power shall include the power to refinance all or any portion of such debt, to renegotiate the terms of all or any portion of such debt, and to retire all or any portion of such debt prior to its maturity date.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBORROWING MONEY (\u00a7 15.2-5339)\n\nAn authority shall have power to borrow money upon its bonds, notes, debentures,\nor other evidences of indebtedness and to secure the same by pledges of its\nrevenues in the manner and to the extent hereinafter provided and, in connection\nwith any loan by a government, to agree to limitations upon the exercise of any\npowers conferred upon the authority by this chapter. This power shall include\nthe power to refinance all or any portion of such debt, to renegotiate the terms\nof all or any portion of such debt, and to retire all or any portion of such\ndebt prior to its maturity date.\n\nHISTORY: Code 1950, \u00a7 32-253; 1979, c. 719, \u00a7 15.1-1574; 1997, c. 587; 2006,\nc. 658.","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}}