{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5934.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5934.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5934.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5934.html"}],"law_id":61820,"edition_id":1,"section_id":61820,"structure_id":14982,"section_number":"15.2-5934","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","history":"2019, c. 793.","full_text":"Nothing in this chapter shall be construed as authorizing the pledging of the faith and credit of the Commonwealth, or the faith and credit of any other political subdivision of the Commonwealth, for the payment of any bonds. No bonds issued pursuant to \u00a7 15.2-5931 shall pledge the full faith and credit of the Commonwealth, nor shall such bonds constitute a debt of the Commonwealth, and the bonds shall so state on their face. Bondholders shall have no recourse whatsoever against the Commonwealth for the payment of principal, interest, or redemption premium, if any, on such bonds.","order_by":null,"text":{"0":{"id":225748,"text":"Nothing in this chapter shall be construed as authorizing the pledging of the faith and credit of the Commonwealth, or the faith and credit of any other political subdivision of the Commonwealth, for the payment of any bonds. No bonds issued pursuant to \u00a7 15.2-5931 shall pledge the full faith and credit of the Commonwealth, nor shall such bonds constitute a debt of the Commonwealth, and the bonds shall so state on their face. Bondholders shall have no recourse whatsoever against the Commonwealth for the payment of principal, interest, or redemption premium, if any, on such bonds.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14982,"edition_id":1,"name":"Virginia Beach Sports or Entertainment Project","identifier":"59.2","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:51:17","date_modified":"2026-06-26 03:51:17","permalink":{"id":159827,"object_type":"structure","relational_id":14982,"identifier":"59.2","token":"15.2\/IV\/59.2","url":"\/15.2\/IV\/59.2\/","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":60924,"structure_id":14982,"section_number":"15.2-5928","catch_line":"Definitions","url":"\/15.2-5928\/","token":"15.2\/IV\/59.2\/15.2-5928","metadata":false},{"id":73350,"structure_id":14982,"section_number":"15.2-5929","catch_line":"Powers","url":"\/15.2-5929\/","token":"15.2\/IV\/59.2\/15.2-5929","metadata":false},{"id":57163,"structure_id":14982,"section_number":"15.2-5930","catch_line":"Public hearings; notice; reports","url":"\/15.2-5930\/","token":"15.2\/IV\/59.2\/15.2-5930","metadata":false},{"id":84412,"structure_id":14982,"section_number":"15.2-5931","catch_line":"Bond issues","url":"\/15.2-5931\/","token":"15.2\/IV\/59.2\/15.2-5931","metadata":false},{"id":65620,"structure_id":14982,"section_number":"15.2-5932","catch_line":"Sports or Entertainment Project Financing Fund; use","url":"\/15.2-5932\/","token":"15.2\/IV\/59.2\/15.2-5932","metadata":false},{"id":80568,"structure_id":14982,"section_number":"15.2-5933","catch_line":"Entitlement to tax revenues derived from the operation of facilities","url":"\/15.2-5933\/","token":"15.2\/IV\/59.2\/15.2-5933","metadata":false},{"id":61820,"structure_id":14982,"section_number":"15.2-5934","catch_line":"Tax revenues of the Commonwealth or any other political subdivision not pledged","url":"\/15.2-5934\/","token":"15.2\/IV\/59.2\/15.2-5934","metadata":false}],"previous_section":{"id":80568,"structure_id":14982,"section_number":"15.2-5933","catch_line":"Entitlement to tax revenues derived from the operation of facilities","url":"\/15.2-5933\/","token":"15.2\/IV\/59.2\/15.2-5933","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5934\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapter 793<\/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":84412,"section_number":"15.2-5931","catch_line":"Bond issues","order_by":null,"url":"\/15.2-5931\/"}],"permalink":{"id":159853,"object_type":"law","relational_id":61820,"identifier":"15.2-5934","token":"15.2\/IV\/59.2\/15.2-5934","url":"\/15.2-5934\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5934\/","token":"15.2\/IV\/59.2\/15.2-5934","dublin_core":{"Title":"Tax revenues of the Commonwealth or any other political subdivision not pledged","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5934","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Nothing in this chapter shall be construed as authorizing the pledging of the faith and credit of the Commonwealth, or the faith and credit of any other political subdivision of the Commonwealth, for the payment of any bonds<\/span>. No bonds<\/span> issued pursuant to \u00a7 15.2-5931<\/a> shall pledge the full faith and credit of the Commonwealth, nor shall such bonds<\/span> constitute a debt of the Commonwealth, and the bonds<\/span> shall so state on their face. Bondholders shall have no recourse whatsoever against the Commonwealth for the payment of principal, interest, or redemption<\/span> premium, if any, on such bonds<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTAX REVENUES OF THE COMMONWEALTH OR ANY OTHER POLITICAL SUBDIVISION NOT PLEDGED\n(\u00a7 15.2-5934)\n\nNothing in this chapter shall be construed as authorizing the pledging of the\nfaith and credit of the Commonwealth, or the faith and credit of any other\npolitical subdivision of the Commonwealth, for the payment of any bonds. No\nbonds issued pursuant to \u00a7 15.2-5931 shall pledge the full faith and credit of\nthe Commonwealth, nor shall such bonds constitute a debt of the Commonwealth,\nand the bonds shall so state on their face. Bondholders shall have no recourse\nwhatsoever against the Commonwealth for the payment of principal, interest, or\nredemption premium, if any, on such bonds.\n\nHISTORY: 2019, c. 793.","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}}