{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-4900.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-4900.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-4900.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-4900.html"}],"law_id":69226,"edition_id":1,"section_id":69226,"structure_id":14932,"section_number":"2.2-4900","catch_line":"Authority of Governor to contract debts","history":"Code 1950, \u00a7 2-269; 1966, c. 677, \u00a7 2.1-303; 1971, Ex. Sess., c. 121; 2001, c. 844.","full_text":"The Governor may contract debts and issue obligations in evidence thereof upon the terms and conditions determined by the Governor to meet casual deficits in the revenue or in anticipation of the collection of revenues of the Commonwealth for the then current fiscal year within the amount of authorized appropriations, subject to the limitations and conditions of Article X, Section 9 (a) (2) of the Constitution of Virginia. The Governor may sell such obligations in a manner, either at public or private sale, and for a price as he determines to be in the best interests of the Commonwealth.","order_by":null,"text":{"0":{"id":250454,"text":"The Governor may contract debts and issue obligations in evidence thereof upon the terms and conditions determined by the Governor to meet casual deficits in the revenue or in anticipation of the collection of revenues of the Commonwealth for the then current fiscal year within the amount of authorized appropriations, subject to the limitations and conditions of Article X, Section 9 (a) (2) of the Constitution of Virginia. The Governor may sell such obligations in a manner, either at public or private sale, and for a price as he determines to be in the best interests of the Commonwealth.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14932,"edition_id":1,"name":"Public Debt; Issuance of Bonds and Certificates of Indebtedness","identifier":"49","label":"chapter","depth":4,"order_by":1,"parent_id":12751,"metadata":{},"date_created":"2026-06-26 03:50:52","date_modified":"2026-06-26 03:50:52","permalink":{"id":177689,"object_type":"structure","relational_id":14932,"identifier":"49","token":"2.2\/II\/B\/49","url":"\/2.2\/II\/B\/49\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12751,"edition_id":1,"name":"Transaction of Public Business","identifier":"B","label":"part","depth":3,"order_by":1,"parent_id":12750,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176445,"object_type":"structure","relational_id":12751,"identifier":"B","token":"2.2\/II\/B","url":"\/2.2\/II\/B\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12750,"edition_id":1,"name":"Administration of State Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":176253,"object_type":"structure","relational_id":12750,"identifier":"II","token":"2.2\/II","url":"\/2.2\/II\/","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":69226,"structure_id":14932,"section_number":"2.2-4900","catch_line":"Authority of Governor to contract debts","url":"\/2.2-4900\/","token":"2.2\/II\/B\/49\/2.2-4900","metadata":false},{"id":83386,"structure_id":14932,"section_number":"2.2-4901","catch_line":"Acts concerning issuance of bonds and certificates of indebtedness continued in effect","url":"\/2.2-4901\/","token":"2.2\/II\/B\/49\/2.2-4901","metadata":false},{"id":87182,"structure_id":14932,"section_number":"2.2-4902","catch_line":"Ratings of bonds issued by governmental instrumentalities","url":"\/2.2-4902\/","token":"2.2\/II\/B\/49\/2.2-4902","metadata":false},{"id":63861,"structure_id":14932,"section_number":"2.2-4902.1","catch_line":"Pledges and security interests created by governmental units","url":"\/2.2-4902.1\/","token":"2.2\/II\/B\/49\/2.2-4902.1","metadata":false},{"id":62784,"structure_id":14932,"section_number":"2.2-4903","catch_line":"Governor's consideration of tax-supported debt","url":"\/2.2-4903\/","token":"2.2\/II\/B\/49\/2.2-4903","metadata":false},{"id":74043,"structure_id":14932,"section_number":"2.2-4904","catch_line":"Cooperation of the Commonwealth's instrumentalities","url":"\/2.2-4904\/","token":"2.2\/II\/B\/49\/2.2-4904","metadata":false},{"id":56983,"structure_id":14932,"section_number":"2.2-4905","catch_line":"Limitation of chapter","url":"\/2.2-4905\/","token":"2.2\/II\/B\/49\/2.2-4905","metadata":false},{"id":82365,"structure_id":14932,"section_number":"2.2-4906","catch_line":"How lost bond or certificate renewed","url":"\/2.2-4906\/","token":"2.2\/II\/B\/49\/2.2-4906","metadata":false}],"next_section":{"id":83386,"structure_id":14932,"section_number":"2.2-4901","catch_line":"Acts concerning issuance of bonds and certificates of indebtedness continued in effect","url":"\/2.2-4901\/","token":"2.2\/II\/B\/49\/2.2-4901","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-4900\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 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 1966, chapter 677; in 2001, chapter 844<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":177691,"object_type":"law","relational_id":69226,"identifier":"2.2-4900","token":"2.2\/II\/B\/49\/2.2-4900","url":"\/2.2-4900\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-4900\/","token":"2.2\/II\/B\/49\/2.2-4900","dublin_core":{"Title":"Authority of Governor to contract debts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-4900","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Governor may contract<\/span> debts and issue<\/span> obligations in evidence<\/span> thereof upon the terms and conditions determined by the Governor to meet casual deficits in the revenue or in anticipation of the collection of revenues of the Commonwealth for the then current fiscal year within the amount of authorized appropriations, subject to the limitations and conditions of Article X, Section 9 (a) (2) of the Constitution of Virginia. The Governor may sell such obligations in a manner, either at public or private sale, and for a price as he determines to be in the best interests of the Commonwealth.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAUTHORITY OF GOVERNOR TO CONTRACT DEBTS (\u00a7 2.2-4900)\n\nThe Governor may contract debts and issue obligations in evidence thereof upon\nthe terms and conditions determined by the Governor to meet casual deficits in\nthe revenue or in anticipation of the collection of revenues of the Commonwealth\nfor the then current fiscal year within the amount of authorized appropriations,\nsubject to the limitations and conditions of Article X, Section 9 (a) (2) of the\nConstitution of Virginia. The Governor may sell such obligations in a manner,\neither at public or private sale, and for a price as he determines to be in the\nbest interests of the Commonwealth.\n\nHISTORY: Code 1950, \u00a7 2-269; 1966, c. 677, \u00a7 2.1-303; 1971, Ex. Sess., c. 121;\n2001, c. 844.","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}}