{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/33.2-2913.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/33.2-2913.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/33.2-2913.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/33.2-2913.html"}],"law_id":67619,"edition_id":1,"section_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","history":"2009, c. 471, \u00a7 15.2-7013; 2014, c. 805.","full_text":"A\n\nThe City of Richmond and the Counties of Henrico and Chesterfield each may enter into and perform contracts and agreements with the Authority to aid the Authority to pay the principal of and interest on revenue bonds or revenue refunding bonds issued by the Authority if, when, and as the revenues of the Authority may not be sufficient to pay such principal or interest when due. No such contract or agreement shall be deemed to be lending or granting credit to or in aid of any person, association, company, or corporation within the meaning of Section 10 of Article X of the Constitution of Virginia, nor shall any such contract or agreement be deemed to be a pledge of the full faith and credit or of the taxing power of the City of Richmond, the County of Henrico, or the County of Chesterfield for the payment of such principal or interest except as may be otherwise provided in such contracts or agreements. Any holder of bonds, notes, certificates, or other evidences of borrowing issued by the Authority under the provisions of this chapter or of coupons appertaining thereto, and the representatives of such holders and the trustee under any bond resolution or indenture, may either at law or in equity, by suit, action, mandamus, or other proceeding, protect and enforce all rights of the Authority under or by virtue of any such contract or agreement.B\n\nFunds to perform any such contract or agreement may be provided by the City of Richmond, the County of Henrico, or the County of Chesterfield by appropriations of general or specific tax revenue, or by appropriations of accumulated funds allocated for public improvements generally, or allocated to the purposes of such contract or agreement, or by appropriations of the proceeds from the sale of bonds, which may be issued as provided in this chapter.C\n\nThe City of Richmond, the County of Henrico, or the County of Chesterfield may issue bonds for the purpose of providing funds to perform any contract or agreement entered into with the Authority pursuant to the provisions of this chapter. Such bonds shall mature at such time not exceeding 40 years from their date, as may be determined by the governing body of the City of Richmond, the County of Henrico, or the County of Chesterfield issuing such bonds, and may be redeemable before maturity, at the option of the governing body of the City of Richmond, the County of Henrico, or the County of Chesterfield, at such price and under such terms and conditions as may be prescribed by such governing body prior to the issuance of the bonds. The City of Richmond, the County of Henrico, and the County of Chesterfield may provide for the issuance of refunding bonds for the purpose of refunding any outstanding bond that has been issued pursuant to the provisions of this subsection, including the payment of any redemption premium thereon, and any interest accrued or to accrue to the date of redemption of such bonds.D\n\nThe authority of the City of Richmond, the County of Henrico, and the County of Chesterfield to contract and to issue bonds pursuant to this chapter is in addition to any existing authority to contract and issue bonds, anything in the laws of the Commonwealth, including the Charter of the City of Richmond, to the contrary notwithstanding, all of which laws and Charter are hereby amended or modified so as to effectuate the powers conferred by this chapter.E\n\nThe governing bodies of the City of Richmond and of the Counties of Henrico and Chesterfield may exercise any of the powers granted by this chapter by resolution, and all proceedings of the City Council of the City of Richmond and the Boards of Supervisors of the Counties of Henrico and Chesterfield authorizing the execution of such contracts and providing for the issuance of bonds pursuant to the provisions of this chapter shall not be subject to the provisions of the Charter of the City or this Code permitting a referendum on actions taken by the City Council and Boards of Supervisors except as required by the Constitution of Virginia, but all such proceedings shall take effect immediately upon the adoption thereof.","order_by":null,"text":{"0":{"id":244969,"text":"The City of Richmond and the Counties of Henrico and Chesterfield each may enter into and perform contracts and agreements with the Authority to aid the Authority to pay the principal of and interest on revenue bonds or revenue refunding bonds issued by the Authority if, when, and as the revenues of the Authority may not be sufficient to pay such principal or interest when due. No such contract or agreement shall be deemed to be lending or granting credit to or in aid of any person, association, company, or corporation within the meaning of Section 10 of Article X of the Constitution of Virginia, nor shall any such contract or agreement be deemed to be a pledge of the full faith and credit or of the taxing power of the City of Richmond, the County of Henrico, or the County of Chesterfield for the payment of such principal or interest except as may be otherwise provided in such contracts or agreements. Any holder of bonds, notes, certificates, or other evidences of borrowing issued by the Authority under the provisions of this chapter or of coupons appertaining thereto, and the representatives of such holders and the trustee under any bond resolution or indenture, may either at law or in equity, by suit, action, mandamus, or other proceeding, protect and enforce all rights of the Authority under or by virtue of any such contract or agreement.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":244970,"text":"Funds to perform any such contract or agreement may be provided by the City of Richmond, the County of Henrico, or the County of Chesterfield by appropriations of general or specific tax revenue, or by appropriations of accumulated funds allocated for public improvements generally, or allocated to the purposes of such contract or agreement, or by appropriations of the proceeds from the sale of bonds, which may be issued as provided in this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":244971,"text":"The City of Richmond, the County of Henrico, or the County of Chesterfield may issue bonds for the purpose of providing funds to perform any contract or agreement entered into with the Authority pursuant to the provisions of this chapter. Such bonds shall mature at such time not exceeding 40 years from their date, as may be determined by the governing body of the City of Richmond, the County of Henrico, or the County of Chesterfield issuing such bonds, and may be redeemable before maturity, at the option of the governing body of the City of Richmond, the County of Henrico, or the County of Chesterfield, at such price and under such terms and conditions as may be prescribed by such governing body prior to the issuance of the bonds. The City of Richmond, the County of Henrico, and the County of Chesterfield may provide for the issuance of refunding bonds for the purpose of refunding any outstanding bond that has been issued pursuant to the provisions of this subsection, including the payment of any redemption premium thereon, and any interest accrued or to accrue to the date of redemption of such bonds.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":244972,"text":"The authority of the City of Richmond, the County of Henrico, and the County of Chesterfield to contract and to issue bonds pursuant to this chapter is in addition to any existing authority to contract and issue bonds, anything in the laws of the Commonwealth, including the Charter of the City of Richmond, to the contrary notwithstanding, all of which laws and Charter are hereby amended or modified so as to effectuate the powers conferred by this chapter.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":244973,"text":"The governing bodies of the City of Richmond and of the Counties of Henrico and Chesterfield may exercise any of the powers granted by this chapter by resolution, and all proceedings of the City Council of the City of Richmond and the Boards of Supervisors of the Counties of Henrico and Chesterfield authorizing the execution of such contracts and providing for the issuance of bonds pursuant to the provisions of this chapter shall not be subject to the provisions of the Charter of the City or this Code permitting a referendum on actions taken by the City Council and Boards of Supervisors except as required by the Constitution of Virginia, but all such proceedings shall take effect immediately upon the adoption thereof.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/33.2-2913\/","history_text":"<p>This law was first created in 2009. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?091+ful+CHAP0471\">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 <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?141+ful+CHAP0805\">805<\/a>.<\/p>","references":[{"id":75436,"section_number":"33.2-2916","catch_line":"Transfer to City of Richmond","order_by":null,"url":"\/33.2-2916\/"}],"refers_to":false,"permalink":{"id":207653,"object_type":"law","relational_id":67619,"identifier":"33.2-2913","token":"33.2\/IV\/29\/33.2-2913","url":"\/33.2-2913\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/33.2-2913\/","token":"33.2\/IV\/29\/33.2-2913","dublin_core":{"Title":"Powers of City of Richmond and Counties of Henrico and Chesterfield with respect to revenue bonds issued by the Authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 33.2-2913","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> The City of Richmond and the Counties of Henrico and Chesterfield each may enter into and perform <span class=\"dictionary\">contracts<\/span> and agreements with the <span class=\"dictionary\">Authority<\/span> to aid the <span class=\"dictionary\">Authority<\/span> to pay the principal of and interest on <span class=\"dictionary\">revenue bonds<\/span> or revenue refunding bonds issued by the <span class=\"dictionary\">Authority<\/span> if, when, and as the <span class=\"dictionary\">revenues<\/span> of the <span class=\"dictionary\">Authority<\/span> may not be sufficient to pay such principal or interest when due. No such <span class=\"dictionary\">contract<\/span> or agreement shall be deemed to be lending or granting credit to or in aid of any person, association, company, or corporation within the meaning of Section 10 of Article X of the Constitution of Virginia, nor shall any such <span class=\"dictionary\">contract<\/span> or agreement be deemed to be a pledge of the full faith and credit or of the taxing power of the City of Richmond, the County of Henrico, or the County of Chesterfield for the payment of such principal or interest except as may be otherwise provided in such <span class=\"dictionary\">contracts<\/span> or agreements. Any holder of bonds, notes, certificates, or other <span class=\"dictionary\">evidences<\/span> of borrowing issued by the <span class=\"dictionary\">Authority<\/span> under the provisions of this chapter or of coupons appertaining thereto, and the representatives of such holders and the trustee under any <span class=\"dictionary\">bond<\/span> resolution or indenture, may either at <span class=\"dictionary\">law<\/span> or in <span class=\"dictionary\">equity<\/span>, by suit, action, mandamus, or other proceeding, protect and enforce all rights of the <span class=\"dictionary\">Authority<\/span> under or by virtue of any such <span class=\"dictionary\">contract<\/span> or agreement. <a id=\"paragraph-244969\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/33.2-2913\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> Funds to perform any such <span class=\"dictionary\">contract<\/span> or agreement may be provided by the City of Richmond, the County of Henrico, or the County of Chesterfield by appropriations of general or specific tax revenue, or by appropriations of accumulated funds allocated for public improvements generally, or allocated to the purposes of such <span class=\"dictionary\">contract<\/span> or agreement, or by appropriations of the proceeds from the sale of bonds, which may be issued as provided in this chapter. <a id=\"paragraph-244970\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/33.2-2913\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> The City of Richmond, the County of Henrico, or the County of Chesterfield may <span class=\"dictionary\">issue<\/span> bonds for the purpose of providing funds to perform any <span class=\"dictionary\">contract<\/span> or agreement entered into with the <span class=\"dictionary\">Authority<\/span> pursuant to the provisions of this chapter. Such bonds shall mature at such time not exceeding 40 years from their date, as may be determined by the governing body of the City of Richmond, the County of Henrico, or the County of Chesterfield issuing such bonds, and may be redeemable before maturity, at the option of the governing body of the City of Richmond, the County of Henrico, or the County of Chesterfield, at such price and under such terms and conditions as may be prescribed by such governing body prior to the issuance of the bonds. The City of Richmond, the County of Henrico, and the County of Chesterfield may provide for the issuance of refunding bonds for the purpose of refunding any outstanding <span class=\"dictionary\">bond<\/span> that has been issued pursuant to the provisions of this subsection, including the payment of any <span class=\"dictionary\">redemption<\/span> premium thereon, and any interest accrued or to accrue to the date of <span class=\"dictionary\">redemption<\/span> of such bonds. <a id=\"paragraph-244971\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/33.2-2913\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> The <span class=\"dictionary\">authority<\/span> of the City of Richmond, the County of Henrico, and the County of Chesterfield to <span class=\"dictionary\">contract<\/span> and to <span class=\"dictionary\">issue<\/span> bonds pursuant to this chapter is in addition to any existing <span class=\"dictionary\">authority<\/span> to <span class=\"dictionary\">contract<\/span> and <span class=\"dictionary\">issue<\/span> bonds, anything in the <span class=\"dictionary\">laws<\/span> of the Commonwealth, including the Charter of the City of Richmond, to the contrary notwithstanding, all of which <span class=\"dictionary\">laws<\/span> and Charter are hereby amended or modified so as to effectuate the powers conferred by this chapter. <a id=\"paragraph-244972\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/33.2-2913\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> The governing bodies of the City of Richmond and of the Counties of Henrico and Chesterfield may exercise any of the powers granted by this chapter by resolution, and all proceedings of the City Council of the City of Richmond and the <span class=\"dictionary\">Boards<\/span> of Supervisors of the Counties of Henrico and Chesterfield authorizing the execution of such <span class=\"dictionary\">contracts<\/span> and providing for the issuance of bonds pursuant to the provisions of this chapter shall not be subject to the provisions of the Charter of the City or this Code permitting a <span class=\"dictionary\">referendum<\/span> on actions taken by the City Council and <span class=\"dictionary\">Boards<\/span> of Supervisors except as required by the Constitution of Virginia, but all such proceedings shall take effect immediately upon the adoption thereof. <a id=\"paragraph-244973\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/33.2-2913\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPOWERS OF CITY OF RICHMOND AND COUNTIES OF HENRICO AND CHESTERFIELD WITH RESPECT\nTO REVENUE BONDS ISSUED BY THE AUTHORITY (\u00a7 33.2-2913)\n\nA. The City of Richmond and the Counties of Henrico and Chesterfield each may\nenter into and perform contracts and agreements with the Authority to aid the\nAuthority to pay the principal of and interest on revenue bonds or revenue\nrefunding bonds issued by the Authority if, when, and as the revenues of the\nAuthority may not be sufficient to pay such principal or interest when due. No\nsuch contract or agreement shall be deemed to be lending or granting credit to\nor in aid of any person, association, company, or corporation within the meaning\nof Section 10 of Article X of the Constitution of Virginia, nor shall any such\ncontract or agreement be deemed to be a pledge of the full faith and credit or\nof the taxing power of the City of Richmond, the County of Henrico, or the\nCounty of Chesterfield for the payment of such principal or interest except as\nmay be otherwise provided in such contracts or agreements. Any holder of bonds,\nnotes, certificates, or other evidences of borrowing issued by the Authority\nunder the provisions of this chapter or of coupons appertaining thereto, and the\nrepresentatives of such holders and the trustee under any bond resolution or\nindenture, may either at law or in equity, by suit, action, mandamus, or other\nproceeding, protect and enforce all rights of the Authority under or by virtue\nof any such contract or agreement.\n\nB. Funds to perform any such contract or agreement may be provided by the City\nof Richmond, the County of Henrico, or the County of Chesterfield by\nappropriations of general or specific tax revenue, or by appropriations of\naccumulated funds allocated for public improvements generally, or allocated to\nthe purposes of such contract or agreement, or by appropriations of the proceeds\nfrom the sale of bonds, which may be issued as provided in this chapter.\n\nC. The City of Richmond, the County of Henrico, or the County of Chesterfield\nmay issue bonds for the purpose of providing funds to perform any contract or\nagreement entered into with the Authority pursuant to the provisions of this\nchapter. Such bonds shall mature at such time not exceeding 40 years from their\ndate, as may be determined by the governing body of the City of Richmond, the\nCounty of Henrico, or the County of Chesterfield issuing such bonds, and may be\nredeemable before maturity, at the option of the governing body of the City of\nRichmond, the County of Henrico, or the County of Chesterfield, at such price\nand under such terms and conditions as may be prescribed by such governing body\nprior to the issuance of the bonds. The City of Richmond, the County of Henrico,\nand the County of Chesterfield may provide for the issuance of refunding bonds\nfor the purpose of refunding any outstanding bond that has been issued pursuant\nto the provisions of this subsection, including the payment of any redemption\npremium thereon, and any interest accrued or to accrue to the date of redemption\nof such bonds.\n\nD. The authority of the City of Richmond, the County of Henrico, and the County\nof Chesterfield to contract and to issue bonds pursuant to this chapter is in\naddition to any existing authority to contract and issue bonds, anything in the\nlaws of the Commonwealth, including the Charter of the City of Richmond, to the\ncontrary notwithstanding, all of which laws and Charter are hereby amended or\nmodified so as to effectuate the powers conferred by this chapter.\n\nE. The governing bodies of the City of Richmond and of the Counties of Henrico\nand Chesterfield may exercise any of the powers granted by this chapter by\nresolution, and all proceedings of the City Council of the City of Richmond and\nthe Boards of Supervisors of the Counties of Henrico and Chesterfield\nauthorizing the execution of such contracts and providing for the issuance of\nbonds pursuant to the provisions of this chapter shall not be subject to the\nprovisions of the Charter of the City or this Code permitting a referendum on\nactions taken by the City Council and Boards of Supervisors except as required\nby the Constitution of Virginia, but all such proceedings shall take effect\nimmediately upon the adoption thereof.\n\nHISTORY: 2009, c. 471, \u00a7 15.2-7013; 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}}