{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-5001.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-5001.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-5001.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-5001.html"}],"law_id":62303,"edition_id":1,"section_id":62303,"structure_id":15974,"section_number":"2.2-5001","catch_line":"Manner of exercising authority","history":"1970, c. 1, \u00a7 2.1-326.2; 1972, c. 735; 1974, cc. 82, 650; 1976, c. 522; 2001, c. 844.","full_text":"The authority vested in governmental instrumentalities under the provisions of this chapter may be exercised by the body authorized to issue such bonds without securing the further approval of any other body, board or agency that may have approved the issuance of such bonds and, in the case of bonds approved by election, without a further election, unless a lower maximum rate of interest was stated in the approval of such other body, board or agency or was stated on the ballot of such election.","order_by":null,"text":{"0":{"id":227252,"text":"The authority vested in governmental instrumentalities under the provisions of this chapter may be exercised by the body authorized to issue such bonds without securing the further approval of any other body, board or agency that may have approved the issuance of such bonds and, in the case of bonds approved by election, without a further election, unless a lower maximum rate of interest was stated in the approval of such other body, board or agency or was stated on the ballot of such election.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15974,"edition_id":1,"name":"Interest on Certain Obligations of Government Instrumentalities","identifier":"50","label":"chapter","depth":4,"order_by":1,"parent_id":12751,"metadata":{},"date_created":"2026-06-26 04:03:05","date_modified":"2026-06-26 04:03:05","permalink":{"id":177723,"object_type":"structure","relational_id":15974,"identifier":"50","token":"2.2\/II\/B\/50","url":"\/2.2\/II\/B\/50\/","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":76910,"structure_id":15974,"section_number":"2.2-5000","catch_line":"Governmental instrumentalities authorized to issue bonds, etc., at rates of interest in excess of legal limits; sale of such bonds","url":"\/2.2-5000\/","token":"2.2\/II\/B\/50\/2.2-5000","metadata":false},{"id":62303,"structure_id":15974,"section_number":"2.2-5001","catch_line":"Manner of exercising authority","url":"\/2.2-5001\/","token":"2.2\/II\/B\/50\/2.2-5001","metadata":false},{"id":63107,"structure_id":15974,"section_number":"2.2-5002","catch_line":"Power to issue obligations not to be denied because interest is subject to federal income taxation","url":"\/2.2-5002\/","token":"2.2\/II\/B\/50\/2.2-5002","metadata":false},{"id":78157,"structure_id":15974,"section_number":"2.2-5002.1","catch_line":"Commonwealth tax-supported debt authorizations and treatment of net original issue premium","url":"\/2.2-5002.1\/","token":"2.2\/II\/B\/50\/2.2-5002.1","metadata":false},{"id":80894,"structure_id":15974,"section_number":"2.2-5003","catch_line":"Chapter controlling over inconsistent laws; powers supplemental","url":"\/2.2-5003\/","token":"2.2\/II\/B\/50\/2.2-5003","metadata":false}],"previous_section":{"id":76910,"structure_id":15974,"section_number":"2.2-5000","catch_line":"Governmental instrumentalities authorized to issue bonds, etc., at rates of interest in excess of legal limits; sale of such bonds","url":"\/2.2-5000\/","token":"2.2\/II\/B\/50\/2.2-5000","metadata":false},"next_section":{"id":63107,"structure_id":15974,"section_number":"2.2-5002","catch_line":"Power to issue obligations not to be denied because interest is subject to federal income taxation","url":"\/2.2-5002\/","token":"2.2\/II\/B\/50\/2.2-5002","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-5001\/","history_text":"

This law was first created in 1970. The record of its establishment is cataloged in chapter 1 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. Unfortunately, the 1970 \u201cActs\u201d aren\u2019t available online. It has been modified 4 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 1972, chapter 735; in 1974, chapters 82 and 650; in 1976, chapter 522; in 2001, chapter 844<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":177729,"object_type":"law","relational_id":62303,"identifier":"2.2-5001","token":"2.2\/II\/B\/50\/2.2-5001","url":"\/2.2-5001\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-5001\/","token":"2.2\/II\/B\/50\/2.2-5001","dublin_core":{"Title":"Manner of exercising authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-5001","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The authority vested in governmental instrumentalities under the provisions of this chapter may be exercised by the body authorized to issue<\/span> such bonds<\/span> without securing the further approval of any other body, board or agency that may have approved the issuance of such bonds<\/span> and, in the case of bonds<\/span> approved by election, without a further election, unless a lower maximum rate of interest was stated in the approval of such other body, board or agency or was stated on the ballot of such election.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMANNER OF EXERCISING AUTHORITY (\u00a7 2.2-5001)\n\nThe authority vested in governmental instrumentalities under the provisions of\nthis chapter may be exercised by the body authorized to issue such bonds without\nsecuring the further approval of any other body, board or agency that may have\napproved the issuance of such bonds and, in the case of bonds approved by\nelection, without a further election, unless a lower maximum rate of interest\nwas stated in the approval of such other body, board or agency or was stated on\nthe ballot of such election.\n\nHISTORY: 1970, c. 1, \u00a7 2.1-326.2; 1972, c. 735; 1974, cc. 82, 650; 1976, c.\n522; 2001, 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}}