{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2344.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2344.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2344.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2344.html"}],"law_id":80237,"edition_id":1,"section_id":80237,"structure_id":13535,"section_number":"2.2-2344","catch_line":"Authority empowered to issue bonds; additional security; liability thereon","history":"2011, c. 716.","full_text":"The Authority shall have power to issue bonds from time to time in its discretion for any of its corporate purposes, including the issuance of refunding bonds for the payment or retirement of bonds previously issued by it. The Authority may issue such type of bonds as it may determine, including but not limited to:\n\n1\n\nBonds on which the principal and interest are payable:\n\t\t\ta. Exclusively from the income and revenues of the project or facility financed with the proceeds of such bonds;\n\t\t\tb. Exclusively from the income and revenues of certain designated projects or facilities whether or not they are financed in whole or in part with the proceeds of such bonds; or\n\t\t\tc. From its revenues generally; and2\n\nBonds on which the principal and interest are payable solely from contributions or grants received from the federal government, the Commonwealth, or any other source, public or private.\n\t\t\tAny such bonds may be additionally secured by a pledge of any grants or contributions from the federal government, the Commonwealth, any political subdivision of the Commonwealth, or other source, or a pledge of any income or revenues of the Authority, or a mortgage of any particular projects or facilities or other property of the Authority.\n\t\t\tNeither the Trustees of the Authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. The bonds and other obligations of the Authority, and such bonds and obligations shall so state on their face, shall not be a debt of the Commonwealth or any political subdivision thereof other than the issuing Authority, and neither the Commonwealth nor any political subdivision thereof other than the issuing Authority shall be liable thereon, nor shall such bonds or obligations be payable out of any funds or properties other than those of the Authority. The bonds shall not constitute indebtedness within the meaning of any debt limitation or restriction. Bonds of the Authority are declared to be issued for an essential public and governmental purpose.","order_by":null,"text":{"0":{"id":287258,"text":"The Authority shall have power to issue bonds from time to time in its discretion for any of its corporate purposes, including the issuance of refunding bonds for the payment or retirement of bonds previously issued by it. The Authority may issue such type of bonds as it may determine, including but not limited to:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":287259,"text":"Bonds on which the principal and interest are payable:\n\t\t\ta. Exclusively from the income and revenues of the project or facility financed with the proceeds of such bonds;\n\t\t\tb. Exclusively from the income and revenues of certain designated projects or facilities whether or not they are financed in whole or in part with the proceeds of such bonds; or\n\t\t\tc. From its revenues generally; and","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":287260,"text":"Bonds on which the principal and interest are payable solely from contributions or grants received from the federal government, the Commonwealth, or any other source, public or private.\n\t\t\tAny such bonds may be additionally secured by a pledge of any grants or contributions from the federal government, the Commonwealth, any political subdivision of the Commonwealth, or other source, or a pledge of any income or revenues of the Authority, or a mortgage of any particular projects or facilities or other property of the Authority.\n\t\t\tNeither the Trustees of the Authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. The bonds and other obligations of the Authority, and such bonds and obligations shall so state on their face, shall not be a debt of the Commonwealth or any political subdivision thereof other than the issuing Authority, and neither the Commonwealth nor any political subdivision thereof other than the issuing Authority shall be liable thereon, nor shall such bonds or obligations be payable out of any funds or properties other than those of the Authority. The bonds shall not constitute indebtedness within the meaning of any debt limitation or restriction. Bonds of the Authority are declared to be issued for an essential public and governmental purpose.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":13535,"edition_id":1,"name":"Fort Monroe Authority Act","identifier":"10","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:45:09","date_modified":"2026-06-26 03:45:09","permalink":{"id":173953,"object_type":"structure","relational_id":13535,"identifier":"10","token":"2.2\/I\/D\/22\/10","url":"\/2.2\/I\/D\/22\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85644,"structure_id":13535,"section_number":"2.2-2336","catch_line":"Short title; declaration of public purpose; Fort Monroe Authority created; successor in interest to Fort Monroe Federal Area Development Authority","url":"\/2.2-2336\/","token":"2.2\/I\/D\/22\/10\/2.2-2336","metadata":false},{"id":86922,"structure_id":13535,"section_number":"2.2-2337","catch_line":"Definitions","url":"\/2.2-2337\/","token":"2.2\/I\/D\/22\/10\/2.2-2337","metadata":false},{"id":76395,"structure_id":13535,"section_number":"2.2-2338","catch_line":"Board of Trustees; membership","url":"\/2.2-2338\/","token":"2.2\/I\/D\/22\/10\/2.2-2338","metadata":false},{"id":75257,"structure_id":13535,"section_number":"2.2-2339","catch_line":"Duties of the Authority","url":"\/2.2-2339\/","token":"2.2\/I\/D\/22\/10\/2.2-2339","metadata":false},{"id":62239,"structure_id":13535,"section_number":"2.2-2339.1","catch_line":"Fort Monroe Master Plan; approval by Governor","url":"\/2.2-2339.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2339.1","metadata":false},{"id":61272,"structure_id":13535,"section_number":"2.2-2340","catch_line":"Additional declaration of policy; powers of the Authority; penalty","url":"\/2.2-2340\/","token":"2.2\/I\/D\/22\/10\/2.2-2340","metadata":false},{"id":77756,"structure_id":13535,"section_number":"2.2-2340.1","catch_line":"Use of safety and security enhancement devices","url":"\/2.2-2340.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2340.1","metadata":false},{"id":75300,"structure_id":13535,"section_number":"2.2-2341","catch_line":"Relationship to the City of Hampton","url":"\/2.2-2341\/","token":"2.2\/I\/D\/22\/10\/2.2-2341","metadata":false},{"id":54501,"structure_id":13535,"section_number":"2.2-2341.1","catch_line":"Control over the use of certain vehicles","url":"\/2.2-2341.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2341.1","metadata":false},{"id":67540,"structure_id":13535,"section_number":"2.2-2342","catch_line":"Payments to Commonwealth or political subdivisions thereof; payments to the City of Hampton","url":"\/2.2-2342\/","token":"2.2\/I\/D\/22\/10\/2.2-2342","metadata":false},{"id":66702,"structure_id":13535,"section_number":"2.2-2343","catch_line":"Authority may borrow money, accept contributions, etc","url":"\/2.2-2343\/","token":"2.2\/I\/D\/22\/10\/2.2-2343","metadata":false},{"id":80237,"structure_id":13535,"section_number":"2.2-2344","catch_line":"Authority empowered to issue bonds; additional security; liability thereon","url":"\/2.2-2344\/","token":"2.2\/I\/D\/22\/10\/2.2-2344","metadata":false},{"id":71633,"structure_id":13535,"section_number":"2.2-2345","catch_line":"Powers and duties of chief executive officer","url":"\/2.2-2345\/","token":"2.2\/I\/D\/22\/10\/2.2-2345","metadata":false},{"id":64131,"structure_id":13535,"section_number":"2.2-2346","catch_line":"Legal services","url":"\/2.2-2346\/","token":"2.2\/I\/D\/22\/10\/2.2-2346","metadata":false},{"id":82533,"structure_id":13535,"section_number":"2.2-2347","catch_line":"Exemption from taxation","url":"\/2.2-2347\/","token":"2.2\/I\/D\/22\/10\/2.2-2347","metadata":false},{"id":70215,"structure_id":13535,"section_number":"2.2-2348","catch_line":"Rents, fees, and charges; disposition of revenues","url":"\/2.2-2348\/","token":"2.2\/I\/D\/22\/10\/2.2-2348","metadata":false},{"id":75196,"structure_id":13535,"section_number":"2.2-2348.1","catch_line":"Ratification of the ownership of certain lands in the City of Hampton known as Fort Monroe; ownership and operation of utilities","url":"\/2.2-2348.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2348.1","metadata":false},{"id":81189,"structure_id":13535,"section_number":"2.2-2349","catch_line":"Powers conferred additional and supplemental; liberal construction","url":"\/2.2-2349\/","token":"2.2\/I\/D\/22\/10\/2.2-2349","metadata":false},{"id":68179,"structure_id":13535,"section_number":"2.2-2349.1","catch_line":"Chapter controlling over inconsistent laws","url":"\/2.2-2349.1\/","token":"2.2\/I\/D\/22\/10\/2.2-2349.1","metadata":false},{"id":57715,"structure_id":13535,"section_number":"2.2-2350","catch_line":"Sovereign immunity","url":"\/2.2-2350\/","token":"2.2\/I\/D\/22\/10\/2.2-2350","metadata":false}],"previous_section":{"id":66702,"structure_id":13535,"section_number":"2.2-2343","catch_line":"Authority may borrow money, accept contributions, etc","url":"\/2.2-2343\/","token":"2.2\/I\/D\/22\/10\/2.2-2343","metadata":false},"next_section":{"id":71633,"structure_id":13535,"section_number":"2.2-2345","catch_line":"Powers and duties of chief executive officer","url":"\/2.2-2345\/","token":"2.2\/I\/D\/22\/10\/2.2-2345","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2344\/","history_text":"

This law was first created in 2011. The record of its establishment is cataloged in chapter 716<\/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":false,"permalink":{"id":173999,"object_type":"law","relational_id":80237,"identifier":"2.2-2344","token":"2.2\/I\/D\/22\/10\/2.2-2344","url":"\/2.2-2344\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2344\/","token":"2.2\/I\/D\/22\/10\/2.2-2344","dublin_core":{"Title":"Authority empowered to issue bonds; additional security; liability thereon","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2344","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> shall have power to issue<\/span> bonds<\/span><\/span> from time to time in its discretion for any of its corporate purposes, including the issuance of refunding bonds<\/span><\/span> for the payment or retirement of bonds<\/span><\/span> previously issued by it. The Authority<\/span> may issue<\/span> such type of bonds<\/span><\/span> as it may determine, including but not limited to:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Bonds<\/span><\/span> on which the principal and interest are payable:\n\t\t\ta. Exclusively from the income and revenues of the project<\/span> or facility<\/span> financed with the proceeds of such bonds<\/span><\/span>;\n\t\t\tb. Exclusively from the income and revenues of certain designated projects<\/span> or facilities whether or not they are financed in whole or in part with the proceeds of such bonds<\/span><\/span>; or\n\t\t\tc. From its revenues generally; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Bonds<\/span><\/span> on which the principal and interest are payable solely from contributions or grants received from the federal government, the Commonwealth<\/span>, or any other source, public or private.\n\t\t\tAny such bonds<\/span><\/span> may be additionally secured by a pledge of any grants or contributions from the federal government, the Commonwealth<\/span>, any political subdivision of the Commonwealth<\/span>, or other source, or a pledge of any income or revenues of the Authority<\/span>, or a mortgage of any particular projects<\/span> or facilities or other property of the Authority<\/span>.\n\t\t\tNeither the Trustees<\/span> of the Authority<\/span> nor any person executing the bonds<\/span><\/span> shall be liable personally on the bonds<\/span><\/span> by reason of the issuance thereof. The bonds<\/span><\/span> and other obligations of the Authority<\/span>, and such bonds<\/span><\/span> and obligations shall so state<\/span> on their face, shall not be a debt of the Commonwealth<\/span> or any political subdivision thereof other than the issuing Authority<\/span>, and neither the Commonwealth<\/span> nor any political subdivision thereof other than the issuing Authority<\/span> shall be liable thereon, nor shall such bonds<\/span><\/span> or obligations be payable out of any funds or properties other than those of the Authority<\/span>. The bonds<\/span><\/span> shall not constitute indebtedness within the meaning of any debt limitation or restriction. Bonds<\/span><\/span> of the Authority<\/span> are declared to be issued for an essential public and governmental purpose. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAUTHORITY EMPOWERED TO ISSUE BONDS; ADDITIONAL SECURITY; LIABILITY THEREON (\u00a7\n2.2-2344)\n\nThe Authority shall have power to issue bonds from time to time in its\ndiscretion for any of its corporate purposes, including the issuance of\nrefunding bonds for the payment or retirement of bonds previously issued by it.\nThe Authority may issue such type of bonds as it may determine, including but\nnot limited to:\n\n1. Bonds on which the principal and interest are payable:\n\t\t\ta. Exclusively from the income and revenues of the project or facility\nfinanced with the proceeds of such bonds;\n\t\t\tb. Exclusively from the income and revenues of certain designated projects or\nfacilities whether or not they are financed in whole or in part with the\nproceeds of such bonds; or\n\t\t\tc. From its revenues generally; and\n\n2. Bonds on which the principal and interest are payable solely from\ncontributions or grants received from the federal government, the Commonwealth,\nor any other source, public or private.\n\t\t\tAny such bonds may be additionally secured by a pledge of any grants or\ncontributions from the federal government, the Commonwealth, any political\nsubdivision of the Commonwealth, or other source, or a pledge of any income or\nrevenues of the Authority, or a mortgage of any particular projects or\nfacilities or other property of the Authority.\n\t\t\tNeither the Trustees of the Authority nor any person executing the bonds\nshall be liable personally on the bonds by reason of the issuance thereof. The\nbonds and other obligations of the Authority, and such bonds and obligations\nshall so state on their face, shall not be a debt of the Commonwealth or any\npolitical subdivision thereof other than the issuing Authority, and neither the\nCommonwealth nor any political subdivision thereof other than the issuing\nAuthority shall be liable thereon, nor shall such bonds or obligations be\npayable out of any funds or properties other than those of the Authority. The\nbonds shall not constitute indebtedness within the meaning of any debt\nlimitation or restriction. Bonds of the Authority are declared to be issued for\nan essential public and governmental purpose.\n\nHISTORY: 2011, c. 716.","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}}