{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/21-122.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/21-122.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/21-122.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/21-122.html"}],"law_id":64870,"edition_id":1,"section_id":64870,"structure_id":14396,"section_number":"21-122","catch_line":"Authority to issue bonds; limitation of amount","history":"1946, p. 180; Michie Suppl. 1946, \u00a7 1560z1; 1964, c. 165.","full_text":"The governing body of any county in which a sanitary district has been or may hereafter be created by general or special law shall have power, subject to the conditions and limitations of this article, to issue bonds of such sanitary district to an amount in the aggregate of not exceeding eighteen per centum of the assessed value of all real estate in the district subject to local taxation, for the purpose of raising the necessary funds to carry into effect any or all of the purposes specified in Article 1 (\u00a7 21-112.22 et seq.) of Chapter 2 of Title 21, provided, however, that such limitation of eighteen per centum shall not apply if the petition required by \u00a7 21-123 states the maximum amount of bonds to be issued, and if such bonds are to be issued for a specific undertaking from which the sanitary district may derive revenue, but from and after a period to be determined by the governing body of the county, not exceeding five years from the date of the election authorized in \u00a7 21-123, whenever and for so long as such undertaking fails to produce sufficient revenue to pay the cost of operation and administration (including interest on bonds issued therefor), and the cost of insurance against loss by injury to persons or property, and an annual amount to be covered into a sinking fund sufficient to pay, at or before maturity, all bonds issued on account of such undertaking, all such bonds outstanding shall be included in determining such limitation.","order_by":null,"text":{"0":{"id":236049,"text":"The governing body of any county in which a sanitary district has been or may hereafter be created by general or special law shall have power, subject to the conditions and limitations of this article, to issue bonds of such sanitary district to an amount in the aggregate of not exceeding eighteen per centum of the assessed value of all real estate in the district subject to local taxation, for the purpose of raising the necessary funds to carry into effect any or all of the purposes specified in Article 1 (\u00a7 21-112.22 et seq.) of Chapter 2 of Title 21, provided, however, that such limitation of eighteen per centum shall not apply if the petition required by \u00a7 21-123 states the maximum amount of bonds to be issued, and if such bonds are to be issued for a specific undertaking from which the sanitary district may derive revenue, but from and after a period to be determined by the governing body of the county, not exceeding five years from the date of the election authorized in \u00a7 21-123, whenever and for so long as such undertaking fails to produce sufficient revenue to pay the cost of operation and administration (including interest on bonds issued therefor), and the cost of insurance against loss by injury to persons or property, and an annual amount to be covered into a sinking fund sufficient to pay, at or before maturity, all bonds issued on account of such undertaking, all such bonds outstanding shall be included in determining such limitation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14396,"edition_id":1,"name":"Bonds of Sanitary Districts","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":14018,"metadata":{},"date_created":"2026-06-26 03:47:59","date_modified":"2026-06-26 03:47:59","permalink":{"id":179589,"object_type":"structure","relational_id":14396,"identifier":"2","token":"21\/2\/2","url":"\/21\/2\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14018,"edition_id":1,"name":"Sanitary Districts","identifier":"2","label":"chapter","depth":2,"order_by":1,"parent_id":13075,"metadata":{},"date_created":"2026-06-26 03:46:37","date_modified":"2026-06-26 03:46:37","permalink":{"id":179473,"object_type":"structure","relational_id":14018,"identifier":"2","token":"21\/2","url":"\/21\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13075,"edition_id":1,"name":"Drainage, Soil Conservation, Sanitation and Public Facilities Districts","identifier":"21","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:14","date_modified":"2026-06-26 03:44:14","permalink":{"id":179465,"object_type":"structure","relational_id":13075,"identifier":"21","token":"21","url":"\/21\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":64870,"structure_id":14396,"section_number":"21-122","catch_line":"Authority to issue bonds; limitation of amount","url":"\/21-122\/","token":"21\/2\/2\/21-122","metadata":false},{"id":72055,"structure_id":14396,"section_number":"21-122.1","catch_line":"Bonds for special purpose; no election required","url":"\/21-122.1\/","token":"21\/2\/2\/21-122.1","metadata":false},{"id":75145,"structure_id":14396,"section_number":"21-123","catch_line":"Order requiring election","url":"\/21-123\/","token":"21\/2\/2\/21-123","metadata":false},{"id":62396,"structure_id":14396,"section_number":"21-124","catch_line":"Conduct of election; canvass of returns, etc","url":"\/21-124\/","token":"21\/2\/2\/21-124","metadata":false},{"id":58972,"structure_id":14396,"section_number":"21-125","catch_line":"Procedure after election","url":"\/21-125\/","token":"21\/2\/2\/21-125","metadata":false},{"id":57041,"structure_id":14396,"section_number":"21-126","catch_line":"Inquiry into election and returns","url":"\/21-126\/","token":"21\/2\/2\/21-126","metadata":false},{"id":84759,"structure_id":14396,"section_number":"21-127","catch_line":"Amount of bonds","url":"\/21-127\/","token":"21\/2\/2\/21-127","metadata":false},{"id":62430,"structure_id":14396,"section_number":"21-127.1","catch_line":"Borrowing in anticipation of bond issue","url":"\/21-127.1\/","token":"21\/2\/2\/21-127.1","metadata":false},{"id":59799,"structure_id":14396,"section_number":"21-128","catch_line":"Failure or refusal to issue bonds","url":"\/21-128\/","token":"21\/2\/2\/21-128","metadata":false},{"id":55737,"structure_id":14396,"section_number":"21-129","catch_line":"Agents for sale of bonds","url":"\/21-129\/","token":"21\/2\/2\/21-129","metadata":false},{"id":76341,"structure_id":14396,"section_number":"21-130","catch_line":"Form of bonds","url":"\/21-130\/","token":"21\/2\/2\/21-130","metadata":false},{"id":66811,"structure_id":14396,"section_number":"21-130.1","catch_line":"Bonds mutilated, lost or destroyed","url":"\/21-130.1\/","token":"21\/2\/2\/21-130.1","metadata":false},{"id":69155,"structure_id":14396,"section_number":"21-131","catch_line":"Delivery to treasurer","url":"\/21-131\/","token":"21\/2\/2\/21-131","metadata":false},{"id":84547,"structure_id":14396,"section_number":"21-132","catch_line":"Liability of treasurer","url":"\/21-132\/","token":"21\/2\/2\/21-132","metadata":false},{"id":71406,"structure_id":14396,"section_number":"21-133","catch_line":"Cost of giving surety on additional bond or bonds required","url":"\/21-133\/","token":"21\/2\/2\/21-133","metadata":false},{"id":85655,"structure_id":14396,"section_number":"21-134","catch_line":"Deposit of proceeds","url":"\/21-134\/","token":"21\/2\/2\/21-134","metadata":false},{"id":65359,"structure_id":14396,"section_number":"21-134.01","catch_line":"Allocation of county funds to sanitary districts","url":"\/21-134.01\/","token":"21\/2\/2\/21-134.01","metadata":false},{"id":77717,"structure_id":14396,"section_number":"21-134.1","catch_line":"Reimbursement of county for advances to sanitary district","url":"\/21-134.1\/","token":"21\/2\/2\/21-134.1","metadata":false},{"id":75106,"structure_id":14396,"section_number":"21-134.2","catch_line":"Validation of advances to sanitary district","url":"\/21-134.2\/","token":"21\/2\/2\/21-134.2","metadata":false},{"id":62493,"structure_id":14396,"section_number":"21-135","catch_line":"Insolvency of depository","url":"\/21-135\/","token":"21\/2\/2\/21-135","metadata":false},{"id":78774,"structure_id":14396,"section_number":"21-136","catch_line":"Bond of depository","url":"\/21-136\/","token":"21\/2\/2\/21-136","metadata":false},{"id":62511,"structure_id":14396,"section_number":"21-137","catch_line":"Repealed","url":"\/21-137\/","token":"21\/2\/2\/21-137","metadata":false},{"id":80554,"structure_id":14396,"section_number":"21-137.1","catch_line":"Payment of interest on and maintenance of sinking fund for term bonds; tax levy; what constitutes \"term bonds\" and \"serial bonds.\"","url":"\/21-137.1\/","token":"21\/2\/2\/21-137.1","metadata":false},{"id":80422,"structure_id":14396,"section_number":"21-137.2","catch_line":"Payment of interest on serial bonds; no sinking fund required; tax levy; use of excess revenues","url":"\/21-137.2\/","token":"21\/2\/2\/21-137.2","metadata":false},{"id":56731,"structure_id":14396,"section_number":"21-138","catch_line":"Same; levy of tax","url":"\/21-138\/","token":"21\/2\/2\/21-138","metadata":false},{"id":83137,"structure_id":14396,"section_number":"21-139","catch_line":"Laws continued in effect","url":"\/21-139\/","token":"21\/2\/2\/21-139","metadata":false},{"id":87164,"structure_id":14396,"section_number":"21-140","catch_line":"Validation of proceedings","url":"\/21-140\/","token":"21\/2\/2\/21-140","metadata":false},{"id":61476,"structure_id":14396,"section_number":"21-140.1","catch_line":"Further validation of proceedings","url":"\/21-140.1\/","token":"21\/2\/2\/21-140.1","metadata":false},{"id":80685,"structure_id":14396,"section_number":"21-140.2","catch_line":"Additional validation of proceedings","url":"\/21-140.2\/","token":"21\/2\/2\/21-140.2","metadata":false},{"id":80939,"structure_id":14396,"section_number":"21-140.3","catch_line":"Validation of certain bonds","url":"\/21-140.3\/","token":"21\/2\/2\/21-140.3","metadata":false}],"next_section":{"id":72055,"structure_id":14396,"section_number":"21-122.1","catch_line":"Bonds for special purpose; no election required","url":"\/21-122.1\/","token":"21\/2\/2\/21-122.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/21-122\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 1964, chapter 165.<\/p>","references":[{"id":84759,"section_number":"21-127","catch_line":"Amount of bonds","order_by":null,"url":"\/21-127\/"}],"refers_to":[{"id":79910,"section_number":"21-112.22","catch_line":"Definitions","order_by":null,"url":"\/21-112.22\/"},{"id":75145,"section_number":"21-123","catch_line":"Order requiring election","order_by":null,"url":"\/21-123\/"}],"permalink":{"id":179591,"object_type":"law","relational_id":64870,"identifier":"21-122","token":"21\/2\/2\/21-122","url":"\/21-122\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/21-122\/","token":"21\/2\/2\/21-122","dublin_core":{"Title":"Authority to issue bonds; limitation of amount","Type":"Text","Format":"text\/html","Identifier":"\u00a7 21-122","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The governing body of any county in which a sanitary district has been or may hereafter be created by general or special <span class=\"dictionary\">law<\/span> shall have power, subject to the conditions and limitations of this article, to <span class=\"dictionary\">issue<\/span> <span class=\"dictionary\">bonds<\/span> of such sanitary district to an amount in the aggregate of not exceeding eighteen per centum of the assessed value of all real estate in the district subject to local taxation, for the purpose of raising the necessary funds to carry into effect any or all of the purposes specified in Article 1 (\u00a7&nbsp;<a class=\"law\" title=\"Definitions\" href=\"\/21-112.22\/\">21-112.22<\/a> et seq.) of Chapter 2 of Title 21, provided, however, that such limitation of eighteen per centum shall not apply if the <span class=\"dictionary\">petition<\/span> required by \u00a7&nbsp;<a class=\"law\" title=\"Order requiring election\" href=\"\/21-123\/\">21-123<\/a> states the maximum amount of <span class=\"dictionary\">bonds<\/span> to be issued, and if such <span class=\"dictionary\">bonds<\/span> are to be issued for a specific undertaking from which the sanitary district may derive revenue, but from and after a period to be determined by the governing body of the county, not exceeding five years from the date of the election authorized in \u00a7&nbsp;<a class=\"law\" title=\"Order requiring election\" href=\"\/21-123\/\">21-123<\/a>, whenever and for so long as such undertaking fails to produce sufficient revenue to pay the cost of operation and administration (including interest on <span class=\"dictionary\">bonds<\/span> issued therefor), and the cost of insurance against loss by injury to persons or property, and an annual amount to be covered into a sinking fund sufficient to pay, at or before maturity, all <span class=\"dictionary\">bonds<\/span> issued on account of such undertaking, all such <span class=\"dictionary\">bonds<\/span> outstanding shall be included in determining such limitation.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAUTHORITY TO ISSUE BONDS; LIMITATION OF AMOUNT (\u00a7 21-122)\n\nThe governing body of any county in which a sanitary district has been or may\nhereafter be created by general or special law shall have power, subject to the\nconditions and limitations of this article, to issue bonds of such sanitary\ndistrict to an amount in the aggregate of not exceeding eighteen per centum of\nthe assessed value of all real estate in the district subject to local taxation,\nfor the purpose of raising the necessary funds to carry into effect any or all\nof the purposes specified in Article 1 (\u00a7 21-112.22 et seq.) of Chapter 2 of\nTitle 21, provided, however, that such limitation of eighteen per centum shall\nnot apply if the petition required by \u00a7 21-123 states the maximum amount of\nbonds to be issued, and if such bonds are to be issued for a specific\nundertaking from which the sanitary district may derive revenue, but from and\nafter a period to be determined by the governing body of the county, not\nexceeding five years from the date of the election authorized in \u00a7 21-123,\nwhenever and for so long as such undertaking fails to produce sufficient revenue\nto pay the cost of operation and administration (including interest on bonds\nissued therefor), and the cost of insurance against loss by injury to persons or\nproperty, and an annual amount to be covered into a sinking fund sufficient to\npay, at or before maturity, all bonds issued on account of such undertaking, all\nsuch bonds outstanding shall be included in determining such limitation.\n\nHISTORY: 1946, p. 180; Michie Suppl. 1946, \u00a7 1560z1; 1964, c. 165.","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}}