{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-1512.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-1512.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-1512.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-1512.html"}],"law_id":79388,"edition_id":1,"section_id":79388,"structure_id":16379,"section_number":"33.2-1512","catch_line":"Authorization of Notes","history":"2011, cc. 830, 868, \u00a7 33.1-23.15; 2014, c. 805.","full_text":"The Board is hereby authorized, by and with the consent of the Governor, to issue, pursuant to the provisions of the Transportation Development and Revenue Bond Act (\u00a7 33.2-1700 et seq.), in one or more series revenue obligations of the Commonwealth to be designated “Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes, Series _____ _____” (the Notes), provided that the aggregate principal amount outstanding at any time shall not exceed the amount authorized pursuant to the second enactments of Chapters 1019 and 1044 of the Acts of Assembly of 2000, as amended by Chapter 655 of the Acts of Assembly of 2005, less any principal amounts outstanding from revenue obligations issued pursuant to those enactments prior to July 1, 2011, and exclusive of (i) the amount of any revenue obligations that may be issued to refund Notes issued under this article or the revenue obligations issued under those enactments in accordance with \u00a7 33.2-1727 and (ii) any amounts issued for financing expenses (including any original issue discount).","order_by":null,"text":{"0":{"id":284193,"text":"The Board is hereby authorized, by and with the consent of the Governor, to issue, pursuant to the provisions of the Transportation Development and Revenue Bond Act (\u00a7 33.2-1700 et seq.), in one or more series revenue obligations of the Commonwealth to be designated “Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes, Series _____ _____” (the Notes), provided that the aggregate principal amount outstanding at any time shall not exceed the amount authorized pursuant to the second enactments of Chapters 1019 and 1044 of the Acts of Assembly of 2000, as amended by Chapter 655 of the Acts of Assembly of 2005, less any principal amounts outstanding from revenue obligations issued pursuant to those enactments prior to July 1, 2011, and exclusive of (i) the amount of any revenue obligations that may be issued to refund Notes issued under this article or the revenue obligations issued under those enactments in accordance with \u00a7 33.2-1727 and (ii) any amounts issued for financing expenses (including any original issue discount).","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16379,"edition_id":1,"name":"Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue 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03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":206483,"object_type":"structure","relational_id":13146,"identifier":"III","token":"33.2\/III","url":"\/33.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12806,"edition_id":1,"name":"Highways and Other Surface Transportation Systems","identifier":"33.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":204785,"object_type":"structure","relational_id":12806,"identifier":"33.2","token":"33.2","url":"\/33.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":80941,"structure_id":16379,"section_number":"33.2-1511","catch_line":"Definitions","url":"\/33.2-1511\/","token":"33.2\/III\/15\/4\/33.2-1511","metadata":false},{"id":79388,"structure_id":16379,"section_number":"33.2-1512","catch_line":"Authorization of 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approval","url":"\/33.2-1516\/","token":"33.2\/III\/15\/4\/33.2-1516","metadata":false},{"id":84338,"structure_id":16379,"section_number":"33.2-1517","catch_line":"Expenses","url":"\/33.2-1517\/","token":"33.2\/III\/15\/4\/33.2-1517","metadata":false},{"id":78007,"structure_id":16379,"section_number":"33.2-1518","catch_line":"Deposit of proceeds","url":"\/33.2-1518\/","token":"33.2\/III\/15\/4\/33.2-1518","metadata":false},{"id":81558,"structure_id":16379,"section_number":"33.2-1519","catch_line":"Other funds","url":"\/33.2-1519\/","token":"33.2\/III\/15\/4\/33.2-1519","metadata":false},{"id":77654,"structure_id":16379,"section_number":"33.2-1520","catch_line":"Application of project-specific reimbursements","url":"\/33.2-1520\/","token":"33.2\/III\/15\/4\/33.2-1520","metadata":false},{"id":70331,"structure_id":16379,"section_number":"33.2-1521","catch_line":"Investment of proceeds and other amounts","url":"\/33.2-1521\/","token":"33.2\/III\/15\/4\/33.2-1521","metadata":false},{"id":81159,"structure_id":16379,"section_number":"33.2-1522","catch_line":"Exemption from taxation","url":"\/33.2-1522\/","token":"33.2\/III\/15\/4\/33.2-1522","metadata":false},{"id":86711,"structure_id":16379,"section_number":"33.2-1523","catch_line":"Notes as eligible securities","url":"\/33.2-1523\/","token":"33.2\/III\/15\/4\/33.2-1523","metadata":false}],"previous_section":{"id":80941,"structure_id":16379,"section_number":"33.2-1511","catch_line":"Definitions","url":"\/33.2-1511\/","token":"33.2\/III\/15\/4\/33.2-1511","metadata":false},"next_section":{"id":87385,"structure_id":16379,"section_number":"33.2-1513","catch_line":"Use of proceeds of Notes","url":"\/33.2-1513\/","token":"33.2\/III\/15\/4\/33.2-1513","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-1512\/","history_text":"

This law was first created in 2011. The record of its establishment is cataloged in chapters 830<\/a> and 868<\/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. 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 2014, chapter 805<\/a>.<\/p>","references":[{"id":80941,"section_number":"33.2-1511","catch_line":"Definitions","order_by":null,"url":"\/33.2-1511\/"},{"id":82093,"section_number":"33.2-1514","catch_line":"Details of Notes","order_by":null,"url":"\/33.2-1514\/"}],"refers_to":[{"id":63551,"section_number":"33.2-1700","catch_line":"Definitions","order_by":null,"url":"\/33.2-1700\/"},{"id":60094,"section_number":"33.2-1727","catch_line":"Revenue refunding bonds and revenue bonds for combined purposes","order_by":null,"url":"\/33.2-1727\/"}],"permalink":{"id":206547,"object_type":"law","relational_id":79388,"identifier":"33.2-1512","token":"33.2\/III\/15\/4\/33.2-1512","url":"\/33.2-1512\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-1512\/","token":"33.2\/III\/15\/4\/33.2-1512","dublin_core":{"Title":"Authorization of Notes","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-1512","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Board<\/span> is hereby authorized, by and with the consent of the Governor, to issue<\/span>, pursuant to the provisions of the Transportation Development and Revenue Bond<\/span> Act (\u00a7 33.2-1700<\/a> et seq.), in one or more series<\/span> revenue obligations of the Commonwealth to be designated “Commonwealth of Virginia Federal Transportation Grant Anticipation Revenue Notes<\/span>, Series<\/span> _____ _____” (the Notes<\/span>), provided that the aggregate principal amount outstanding at any time shall not exceed the amount authorized pursuant to the second enactments of Chapters 1019 and 1044 of the Acts of Assembly of 2000, as amended by Chapter 655 of the Acts of Assembly of 2005, less any principal amounts outstanding from revenue obligations issued pursuant to those enactments prior to July 1, 2011, and exclusive of (i) the amount of any revenue obligations that may be issued to refund Notes<\/span> issued under this article or the revenue obligations issued under those enactments in accordance with \u00a7 33.2-1727<\/a> and (ii) any amounts issued for financing expenses (including any original issue<\/span> discount).<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAUTHORIZATION OF NOTES (\u00a7 33.2-1512)\n\nThe Board is hereby authorized, by and with the consent of the Governor, to\nissue, pursuant to the provisions of the Transportation Development and Revenue\nBond Act (\u00a7 33.2-1700 et seq.), in one or more series revenue obligations of\nthe Commonwealth to be designated “Commonwealth of Virginia Federal\nTransportation Grant Anticipation Revenue Notes, Series _____ _____” (the\nNotes), provided that the aggregate principal amount outstanding at any time\nshall not exceed the amount authorized pursuant to the second enactments of\nChapters 1019 and 1044 of the Acts of Assembly of 2000, as amended by Chapter\n655 of the Acts of Assembly of 2005, less any principal amounts outstanding from\nrevenue obligations issued pursuant to those enactments prior to July 1, 2011,\nand exclusive of (i) the amount of any revenue obligations that may be issued to\nrefund Notes issued under this article or the revenue obligations issued under\nthose enactments in accordance with \u00a7 33.2-1727 and (ii) any amounts issued for\nfinancing expenses (including any original issue discount).\n\nHISTORY: 2011, cc. 830, 868, \u00a7 33.1-23.15; 2014, c. 805.","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}}