{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-2910.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-2910.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-2910.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-2910.html"}],"law_id":71137,"edition_id":1,"section_id":71137,"structure_id":13979,"section_number":"33.2-2910","catch_line":"Authority obligations to be negotiable instruments; enforcement of bonds","history":"2009, c. 471, \u00a7 15.2-7010; 2014, c. 805.","full_text":"Notwithstanding the provisions of this chapter, or any provision of law, any recital in any bond, any interim receipt, or any other obligation issued under the provisions of this chapter, all such bonds, interim receipts, or other obligations shall be deemed to be negotiable instruments under the laws of the Commonwealth. The provisions of this chapter, and of any resolution or indenture providing for the issuance and security of any revenue bonds, interim receipts, or other obligations issued pursuant to this chapter, shall constitute a contract with the holder of such revenue bonds, interim receipts, or other obligations, and the agreements and covenants of the Authority under this chapter and under such resolution, resolutions, or indentures shall be enforceable by any holder of revenue bonds, interim receipts, or other obligations issued under the provisions of this chapter and any representative of such holder, and any trustee appointed under the bond resolution and authorized to do so, may by suit, action, injunction, mandamus, or other proceeding issued by a court of competent jurisdiction enforce all rights of such holders under the laws of the Commonwealth or granted by this chapter and in any such bond resolution or indenture and may compel performance of all duties required to be performed by this chapter and by such bond resolutions or indenture by the Authority or by any officer or agent thereof, including the fixing, charging, and collecting of fees, tolls, rents, rates, and other charges for the use of the Authority facilities.","order_by":null,"text":{"0":{"id":256471,"text":"Notwithstanding the provisions of this chapter, or any provision of law, any recital in any bond, any interim receipt, or any other obligation issued under the provisions of this chapter, all such bonds, interim receipts, or other obligations shall be deemed to be negotiable instruments under the laws of the Commonwealth. The provisions of this chapter, and of any resolution or indenture providing for the issuance and security of any revenue bonds, interim receipts, or other obligations issued pursuant to this chapter, shall constitute a contract with the holder of such revenue bonds, interim receipts, or other obligations, and the agreements and covenants of the Authority under this chapter and under such resolution, resolutions, or indentures shall be enforceable by any holder of revenue bonds, interim receipts, or other obligations issued under the provisions of this chapter and any representative of such holder, and any trustee appointed under the bond resolution and authorized to do so, may by suit, action, injunction, mandamus, or other proceeding issued by a court of competent jurisdiction enforce all rights of such holders under the laws of the Commonwealth or granted by this chapter and in any such bond resolution or indenture and may compel performance of all duties required to be performed by this chapter and by such bond resolutions or indenture by the Authority or by any officer or agent thereof, including the fixing, charging, and collecting of fees, tolls, rents, rates, and other charges for the use of the Authority facilities.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13979,"edition_id":1,"name":"Richmond Metropolitan Transportation Authority","identifier":"29","label":"chapter","depth":3,"order_by":1,"parent_id":12807,"metadata":{},"date_created":"2026-06-26 03:46:29","date_modified":"2026-06-26 03:46:29","permalink":{"id":207599,"object_type":"structure","relational_id":13979,"identifier":"29","token":"33.2\/IV\/29","url":"\/33.2\/IV\/29\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12807,"edition_id":1,"name":"Local and Regional Transportation","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12806,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":206943,"object_type":"structure","relational_id":12807,"identifier":"IV","token":"33.2\/IV","url":"\/33.2\/IV\/","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":55318,"structure_id":13979,"section_number":"33.2-2900","catch_line":"Definitions","url":"\/33.2-2900\/","token":"33.2\/IV\/29\/33.2-2900","metadata":false},{"id":66763,"structure_id":13979,"section_number":"33.2-2901","catch_line":"Creation of the Richmond Metropolitan Transportation Authority","url":"\/33.2-2901\/","token":"33.2\/IV\/29\/33.2-2901","metadata":false},{"id":55049,"structure_id":13979,"section_number":"33.2-2902","catch_line":"Powers of the Richmond Metropolitan Transportation Authority","url":"\/33.2-2902\/","token":"33.2\/IV\/29\/33.2-2902","metadata":false},{"id":55181,"structure_id":13979,"section_number":"33.2-2903","catch_line":"Issuance of revenue bonds","url":"\/33.2-2903\/","token":"33.2\/IV\/29\/33.2-2903","metadata":false},{"id":61770,"structure_id":13979,"section_number":"33.2-2904","catch_line":"Rates and charges","url":"\/33.2-2904\/","token":"33.2\/IV\/29\/33.2-2904","metadata":false},{"id":75031,"structure_id":13979,"section_number":"33.2-2905","catch_line":"Use of state highway maintenance and construction funds for Authority facilities","url":"\/33.2-2905\/","token":"33.2\/IV\/29\/33.2-2905","metadata":false},{"id":85918,"structure_id":13979,"section_number":"33.2-2906","catch_line":"Refunding bonds","url":"\/33.2-2906\/","token":"33.2\/IV\/29\/33.2-2906","metadata":false},{"id":56386,"structure_id":13979,"section_number":"33.2-2907","catch_line":"Trust agreement","url":"\/33.2-2907\/","token":"33.2\/IV\/29\/33.2-2907","metadata":false},{"id":76945,"structure_id":13979,"section_number":"33.2-2908","catch_line":"Covenants to secure bonds","url":"\/33.2-2908\/","token":"33.2\/IV\/29\/33.2-2908","metadata":false},{"id":57645,"structure_id":13979,"section_number":"33.2-2909","catch_line":"Revenue bonds eligible for investment","url":"\/33.2-2909\/","token":"33.2\/IV\/29\/33.2-2909","metadata":false},{"id":71137,"structure_id":13979,"section_number":"33.2-2910","catch_line":"Authority obligations to be negotiable instruments; enforcement of bonds","url":"\/33.2-2910\/","token":"33.2\/IV\/29\/33.2-2910","metadata":false},{"id":77368,"structure_id":13979,"section_number":"33.2-2911","catch_line":"Exemption from taxation","url":"\/33.2-2911\/","token":"33.2\/IV\/29\/33.2-2911","metadata":false},{"id":86123,"structure_id":13979,"section_number":"33.2-2912","catch_line":"General powers of City of Richmond and Counties of Henrico and Chesterfield","url":"\/33.2-2912\/","token":"33.2\/IV\/29\/33.2-2912","metadata":false},{"id":67619,"structure_id":13979,"section_number":"33.2-2913","catch_line":"Powers of City of Richmond and Counties of Henrico and Chesterfield with respect to revenue bonds issued by the Authority","url":"\/33.2-2913\/","token":"33.2\/IV\/29\/33.2-2913","metadata":false},{"id":74847,"structure_id":13979,"section_number":"33.2-2914","catch_line":"Powers of the Commonwealth Transportation Board","url":"\/33.2-2914\/","token":"33.2\/IV\/29\/33.2-2914","metadata":false},{"id":71495,"structure_id":13979,"section_number":"33.2-2915","catch_line":"Acquisition of property","url":"\/33.2-2915\/","token":"33.2\/IV\/29\/33.2-2915","metadata":false},{"id":75436,"structure_id":13979,"section_number":"33.2-2916","catch_line":"Transfer to City of Richmond","url":"\/33.2-2916\/","token":"33.2\/IV\/29\/33.2-2916","metadata":false},{"id":74886,"structure_id":13979,"section_number":"33.2-2917","catch_line":"Miscellaneous","url":"\/33.2-2917\/","token":"33.2\/IV\/29\/33.2-2917","metadata":false},{"id":75812,"structure_id":13979,"section_number":"33.2-2918","catch_line":"Approval by Commonwealth Transportation Board","url":"\/33.2-2918\/","token":"33.2\/IV\/29\/33.2-2918","metadata":false},{"id":64414,"structure_id":13979,"section_number":"33.2-2919","catch_line":"Liberal construction","url":"\/33.2-2919\/","token":"33.2\/IV\/29\/33.2-2919","metadata":false},{"id":78932,"structure_id":13979,"section_number":"33.2-2920","catch_line":"Repealed","url":"\/33.2-2920\/","token":"33.2\/IV\/29\/33.2-2920","metadata":false},{"id":78026,"structure_id":13979,"section_number":"33.2-2921","catch_line":"Inconsistent laws inapplicable","url":"\/33.2-2921\/","token":"33.2\/IV\/29\/33.2-2921","metadata":false}],"previous_section":{"id":57645,"structure_id":13979,"section_number":"33.2-2909","catch_line":"Revenue bonds eligible for investment","url":"\/33.2-2909\/","token":"33.2\/IV\/29\/33.2-2909","metadata":false},"next_section":{"id":77368,"structure_id":13979,"section_number":"33.2-2911","catch_line":"Exemption from taxation","url":"\/33.2-2911\/","token":"33.2\/IV\/29\/33.2-2911","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-2910\/","history_text":"

This law was first created in 2009. The record of its establishment is cataloged in chapter 471<\/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":false,"refers_to":false,"permalink":{"id":207641,"object_type":"law","relational_id":71137,"identifier":"33.2-2910","token":"33.2\/IV\/29\/33.2-2910","url":"\/33.2-2910\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-2910\/","token":"33.2\/IV\/29\/33.2-2910","dublin_core":{"Title":"Authority obligations to be negotiable instruments; enforcement of bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-2910","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Notwithstanding the provisions of this chapter, or any provision of law<\/span>, any recital in any bond<\/span>, any interim receipt, or any other obligation issued under the provisions of this chapter, all such bonds, interim receipts, or other obligations shall be deemed to be negotiable instruments under the laws<\/span> of the Commonwealth. The provisions of this chapter, and of any resolution or indenture providing for the issuance and security of any revenue bonds<\/span>, interim receipts, or other obligations issued pursuant to this chapter, shall constitute a contract<\/span> with the holder of such revenue bonds<\/span>, interim receipts, or other obligations, and the agreements and covenants of the Authority<\/span> under this chapter and under such resolution, resolutions, or indentures shall be enforceable by any holder of revenue bonds<\/span>, interim receipts, or other obligations issued under the provisions of this chapter and any representative of such holder, and any trustee appointed under the bond<\/span> resolution and authorized to do so, may by suit, action, injunction<\/span>, mandamus, or other proceeding issued by a court<\/span> of competent jurisdiction<\/span> enforce all rights of such holders under the laws<\/span> of the Commonwealth or granted by this chapter and in any such bond<\/span> resolution or indenture and may compel performance of all duties required to be performed by this chapter and by such bond<\/span> resolutions or indenture by the Authority<\/span> or by any officer or agent thereof, including the fixing, charging, and collecting of fees, tolls, rents, rates, and other charges for the use of the Authority<\/span> facilities.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAUTHORITY OBLIGATIONS TO BE NEGOTIABLE INSTRUMENTS; ENFORCEMENT OF BONDS (\u00a7\n33.2-2910)\n\nNotwithstanding the provisions of this chapter, or any provision of law, any\nrecital in any bond, any interim receipt, or any other obligation issued under\nthe provisions of this chapter, all such bonds, interim receipts, or other\nobligations shall be deemed to be negotiable instruments under the laws of the\nCommonwealth. The provisions of this chapter, and of any resolution or indenture\nproviding for the issuance and security of any revenue bonds, interim receipts,\nor other obligations issued pursuant to this chapter, shall constitute a\ncontract with the holder of such revenue bonds, interim receipts, or other\nobligations, and the agreements and covenants of the Authority under this\nchapter and under such resolution, resolutions, or indentures shall be\nenforceable by any holder of revenue bonds, interim receipts, or other\nobligations issued under the provisions of this chapter and any representative\nof such holder, and any trustee appointed under the bond resolution and\nauthorized to do so, may by suit, action, injunction, mandamus, or other\nproceeding issued by a court of competent jurisdiction enforce all rights of\nsuch holders under the laws of the Commonwealth or granted by this chapter and\nin any such bond resolution or indenture and may compel performance of all\nduties required to be performed by this chapter and by such bond resolutions or\nindenture by the Authority or by any officer or agent thereof, including the\nfixing, charging, and collecting of fees, tolls, rents, rates, and other charges\nfor the use of the Authority facilities.\n\nHISTORY: 2009, c. 471, \u00a7 15.2-7010; 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}}