{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/53.1-95.10.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/53.1-95.10.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/53.1-95.10.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/53.1-95.10.html"}],"law_id":81414,"edition_id":1,"section_id":81414,"structure_id":13694,"section_number":"53.1-95.10","catch_line":"Issuance of revenue bonds","history":"1990, c. 837.","full_text":"An authority created pursuant to this article is hereby authorized to provide by resolution for the issuance, at one time or from time to time, of revenue bonds of the authority for the purpose of paying all or any part of the cost of the project. The principal of and the interest on such bonds shall be payable solely from the funds herein provided for such payment. The bonds of each issue shall be dated, shall bear interest at such rate or rates as shall be fixed by the authority, shall mature at such time or times not exceeding forty years from their date or dates, as may be determined by the authority, and may be made redeemable before maturity, at the option of the authority, at such price or prices and under such terms and conditions as may be fixed by the authority prior to the issuance of the bonds. The authority shall determine the form and the manner of execution of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations of the bonds and the place or places of payment of principal and interest, which may be at any bank or trust company within or without the Commonwealth. In case any officer whose signature or a facsimile of whose signature shall cease to be such officer before the delivery of such bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. Notwithstanding any other provision of this article or any recitals in any bonds issued under the provisions of this article, all such bonds shall be deemed to be negotiable instruments under the laws of the Commonwealth. The bonds may be issued in coupon or in registered form, or both, as the authority may determine, and provision may be made for the registration of any coupon bonds as to principal alone and also as to both principal and interest, for the reconversion into coupon bonds of any bonds registered as both principal and interest and for the interchange of registered and coupon bonds. The authority may sell such bonds in such manner, either at public or negotiated sale, or for such price, as it may determine will best effectuate the purposes of this article.\n\t\tThe proceeds of the bonds shall be used solely for the payment of the cost of the project and shall be disbursed in such manner and under such restrictions, if any, as the authority may provide in the resolution authorizing the issuance of such bonds or in the trust agreement hereinafter mentioned securing the same. If the proceeds of the bonds of any issuance, by error of estimates or otherwise, shall be less than such cost, additional bonds may in like manner be issued to provide the amount of such deficit, and, unless otherwise provided in the resolution authorizing the issuance of such bonds or in the trust agreement securing the same, shall be deemed to be the same issue and shall be entitled to payment from the same fund without preference or priority of the bonds first issued. If the proceeds of the bonds of any issue shall exceed such cost, the surplus shall be deposited to the credit of the sinking fund for such bonds.\n\t\tPrior to the preparation of definitive bonds, the authority may, under like restrictions, issue interim receipts or temporary bonds, with or without coupons, exchangeable for definitive bonds when such bonds shall have been executed and are available for delivery. The authority may also provide for the replacement of any bonds which shall become mutilated or shall be destroyed or lost. Bonds may be issued under the provisions of this article without obtaining the consent of any department, division, commission, board, bureau, or agency of the Commonwealth, and without any other proceedings or the happening of any conditions other than those proceedings or conditions which are specifically required by this article.\n\t\tRevenue bonds issued under the provisions of this article shall not be deemed to constitute a pledge of the faith and credit of the Commonwealth or of any political subdivision thereof. All such bonds shall contain a statement on their face substantially to the effect that neither the faith and credit of the Commonwealth nor the faith and credit of any county, city, town, or other subdivision of the Commonwealth is pledged to the payment of the principal of or the interest on such bonds. The issuance of revenue bonds under the provisions of this article shall not directly or indirectly or contingently obligate the Commonwealth or any county, city, town, or other subdivision of the Commonwealth to levy any taxes whatever therefor or to make any appropriation for their payment except from the funds pledged under the provisions of this article.","order_by":null,"text":{"0":{"id":291744,"text":"An authority created pursuant to this article is hereby authorized to provide by resolution for the issuance, at one time or from time to time, of revenue bonds of the authority for the purpose of paying all or any part of the cost of the project. The principal of and the interest on such bonds shall be payable solely from the funds herein provided for such payment. The bonds of each issue shall be dated, shall bear interest at such rate or rates as shall be fixed by the authority, shall mature at such time or times not exceeding forty years from their date or dates, as may be determined by the authority, and may be made redeemable before maturity, at the option of the authority, at such price or prices and under such terms and conditions as may be fixed by the authority prior to the issuance of the bonds. The authority shall determine the form and the manner of execution of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations of the bonds and the place or places of payment of principal and interest, which may be at any bank or trust company within or without the Commonwealth. In case any officer whose signature or a facsimile of whose signature shall cease to be such officer before the delivery of such bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. Notwithstanding any other provision of this article or any recitals in any bonds issued under the provisions of this article, all such bonds shall be deemed to be negotiable instruments under the laws of the Commonwealth. The bonds may be issued in coupon or in registered form, or both, as the authority may determine, and provision may be made for the registration of any coupon bonds as to principal alone and also as to both principal and interest, for the reconversion into coupon bonds of any bonds registered as both principal and interest and for the interchange of registered and coupon bonds. The authority may sell such bonds in such manner, either at public or negotiated sale, or for such price, as it may determine will best effectuate the purposes of this article.\n\t\tThe proceeds of the bonds shall be used solely for the payment of the cost of the project and shall be disbursed in such manner and under such restrictions, if any, as the authority may provide in the resolution authorizing the issuance of such bonds or in the trust agreement hereinafter mentioned securing the same. If the proceeds of the bonds of any issuance, by error of estimates or otherwise, shall be less than such cost, additional bonds may in like manner be issued to provide the amount of such deficit, and, unless otherwise provided in the resolution authorizing the issuance of such bonds or in the trust agreement securing the same, shall be deemed to be the same issue and shall be entitled to payment from the same fund without preference or priority of the bonds first issued. If the proceeds of the bonds of any issue shall exceed such cost, the surplus shall be deposited to the credit of the sinking fund for such bonds.\n\t\tPrior to the preparation of definitive bonds, the authority may, under like restrictions, issue interim receipts or temporary bonds, with or without coupons, exchangeable for definitive bonds when such bonds shall have been executed and are available for delivery. The authority may also provide for the replacement of any bonds which shall become mutilated or shall be destroyed or lost. Bonds may be issued under the provisions of this article without obtaining the consent of any department, division, commission, board, bureau, or agency of the Commonwealth, and without any other proceedings or the happening of any conditions other than those proceedings or conditions which are specifically required by this article.\n\t\tRevenue bonds issued under the provisions of this article shall not be deemed to constitute a pledge of the faith and credit of the Commonwealth or of any political subdivision thereof. All such bonds shall contain a statement on their face substantially to the effect that neither the faith and credit of the Commonwealth nor the faith and credit of any county, city, town, or other subdivision of the Commonwealth is pledged to the payment of the principal of or the interest on such bonds. The issuance of revenue bonds under the provisions of this article shall not directly or indirectly or contingently obligate the Commonwealth or any county, city, town, or other subdivision of the Commonwealth to levy any taxes whatever therefor or to make any appropriation for their payment except from the funds pledged under the provisions of this article.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13694,"edition_id":1,"name":"Jail Authorities","identifier":"3.1","label":"article","depth":3,"order_by":1,"parent_id":12847,"metadata":{},"date_created":"2026-06-26 03:45:34","date_modified":"2026-06-26 03:45:34","permalink":{"id":238463,"object_type":"structure","relational_id":13694,"identifier":"3.1","token":"53.1\/3\/3.1","url":"\/53.1\/3\/3.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12847,"edition_id":1,"name":"Local Correctional Facilities","identifier":"3","label":"chapter","depth":2,"order_by":1,"parent_id":12717,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":238281,"object_type":"structure","relational_id":12847,"identifier":"3","token":"53.1\/3","url":"\/53.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12717,"edition_id":1,"name":"Prisons and Other Methods of Correction","identifier":"53.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":237591,"object_type":"structure","relational_id":12717,"identifier":"53.1","token":"53.1","url":"\/53.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":81414,"structure_id":13694,"section_number":"53.1-95.10","catch_line":"Issuance of revenue bonds","url":"\/53.1-95.10\/","token":"53.1\/3\/3.1\/53.1-95.10","metadata":false},{"id":71768,"structure_id":13694,"section_number":"53.1-95.11","catch_line":"Trust agreements","url":"\/53.1-95.11\/","token":"53.1\/3\/3.1\/53.1-95.11","metadata":false},{"id":54743,"structure_id":13694,"section_number":"53.1-95.12","catch_line":"Charge for use of services","url":"\/53.1-95.12\/","token":"53.1\/3\/3.1\/53.1-95.12","metadata":false},{"id":59905,"structure_id":13694,"section_number":"53.1-95.13","catch_line":"Revenues and proceeds from sale of bonds","url":"\/53.1-95.13\/","token":"53.1\/3\/3.1\/53.1-95.13","metadata":false},{"id":86398,"structure_id":13694,"section_number":"53.1-95.14","catch_line":"Rights of bond holders and trustees","url":"\/53.1-95.14\/","token":"53.1\/3\/3.1\/53.1-95.14","metadata":false},{"id":59899,"structure_id":13694,"section_number":"53.1-95.15","catch_line":"Exemption from taxes","url":"\/53.1-95.15\/","token":"53.1\/3\/3.1\/53.1-95.15","metadata":false},{"id":79981,"structure_id":13694,"section_number":"53.1-95.16","catch_line":"Issuance of revenue refunding bonds","url":"\/53.1-95.16\/","token":"53.1\/3\/3.1\/53.1-95.16","metadata":false},{"id":87063,"structure_id":13694,"section_number":"53.1-95.17","catch_line":"General purpose of an authority","url":"\/53.1-95.17\/","token":"53.1\/3\/3.1\/53.1-95.17","metadata":false},{"id":82833,"structure_id":13694,"section_number":"53.1-95.18","catch_line":"Design-build contracts","url":"\/53.1-95.18\/","token":"53.1\/3\/3.1\/53.1-95.18","metadata":false},{"id":58301,"structure_id":13694,"section_number":"53.1-95.19","catch_line":"State reimbursement","url":"\/53.1-95.19\/","token":"53.1\/3\/3.1\/53.1-95.19","metadata":false},{"id":72359,"structure_id":13694,"section_number":"53.1-95.2","catch_line":"Jail authority","url":"\/53.1-95.2\/","token":"53.1\/3\/3.1\/53.1-95.2","metadata":false},{"id":76343,"structure_id":13694,"section_number":"53.1-95.20","catch_line":"Duty to prescribe rules and regulations","url":"\/53.1-95.20\/","token":"53.1\/3\/3.1\/53.1-95.20","metadata":false},{"id":54674,"structure_id":13694,"section_number":"53.1-95.21","catch_line":"Supplemental and additional powers","url":"\/53.1-95.21\/","token":"53.1\/3\/3.1\/53.1-95.21","metadata":false},{"id":57832,"structure_id":13694,"section_number":"53.1-95.22","catch_line":"Liberal construction","url":"\/53.1-95.22\/","token":"53.1\/3\/3.1\/53.1-95.22","metadata":false},{"id":62555,"structure_id":13694,"section_number":"53.1-95.23","catch_line":"Repealed","url":"\/53.1-95.23\/","token":"53.1\/3\/3.1\/53.1-95.23","metadata":false},{"id":68974,"structure_id":13694,"section_number":"53.1-95.24","catch_line":"Inconsistent laws inapplicable","url":"\/53.1-95.24\/","token":"53.1\/3\/3.1\/53.1-95.24","metadata":false},{"id":81037,"structure_id":13694,"section_number":"53.1-95.3","catch_line":"Definitions","url":"\/53.1-95.3\/","token":"53.1\/3\/3.1\/53.1-95.3","metadata":false},{"id":71521,"structure_id":13694,"section_number":"53.1-95.4","catch_line":"Ordinance, agreement or resolution creating authority","url":"\/53.1-95.4\/","token":"53.1\/3\/3.1\/53.1-95.4","metadata":false},{"id":76959,"structure_id":13694,"section_number":"53.1-95.5","catch_line":"Joinder of new subdivision; withdrawal from authority","url":"\/53.1-95.5\/","token":"53.1\/3\/3.1\/53.1-95.5","metadata":false},{"id":57910,"structure_id":13694,"section_number":"53.1-95.6","catch_line":"Governing body","url":"\/53.1-95.6\/","token":"53.1\/3\/3.1\/53.1-95.6","metadata":false},{"id":64426,"structure_id":13694,"section_number":"53.1-95.7","catch_line":"Powers of authority","url":"\/53.1-95.7\/","token":"53.1\/3\/3.1\/53.1-95.7","metadata":false},{"id":62293,"structure_id":13694,"section_number":"53.1-95.8","catch_line":"Authority of superintendent and jail officers; oath and bond; fees charged to prisoner","url":"\/53.1-95.8\/","token":"53.1\/3\/3.1\/53.1-95.8","metadata":false},{"id":79111,"structure_id":13694,"section_number":"53.1-95.8:1","catch_line":"Handling of funds for regional correctional facility; county or city treasurer or director of finance as fiscal agent","url":"\/53.1-95.8_1\/","token":"53.1\/3\/3.1\/53.1-95.8_1","metadata":false},{"id":81251,"structure_id":13694,"section_number":"53.1-95.9","catch_line":"Acquisition of interests in land","url":"\/53.1-95.9\/","token":"53.1\/3\/3.1\/53.1-95.9","metadata":false}],"next_section":{"id":71768,"structure_id":13694,"section_number":"53.1-95.11","catch_line":"Trust agreements","url":"\/53.1-95.11\/","token":"53.1\/3\/3.1\/53.1-95.11","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/53.1-95.10\/","history_text":"<p>This law was first created in 1990. The record of its establishment is cataloged in chapter 837 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 1990 \u201cActs\u201d aren\u2019t available online.<\/p>","references":[{"id":84418,"section_number":"16.1-318","catch_line":"Powers of commission generally; supervision by Director of Department of Juvenile Justice","order_by":null,"url":"\/16.1-318\/"}],"refers_to":false,"permalink":{"id":238465,"object_type":"law","relational_id":81414,"identifier":"53.1-95.10","token":"53.1\/3\/3.1\/53.1-95.10","url":"\/53.1-95.10\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/53.1-95.10\/","token":"53.1\/3\/3.1\/53.1-95.10","dublin_core":{"Title":"Issuance of revenue bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 53.1-95.10","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>An authority created pursuant to this article is hereby authorized to provide by resolution for the issuance, at one time or from time to time, of revenue <span class=\"dictionary\">bonds<\/span> of the authority for the purpose of paying all or any part of the cost of the project. The principal of and the interest on such <span class=\"dictionary\">bonds<\/span> shall be payable solely from the funds herein provided for such payment. The <span class=\"dictionary\">bonds<\/span> of each <span class=\"dictionary\">issue<\/span> shall be dated, shall bear interest at such rate or rates as shall be fixed by the authority, shall mature at such time or times not exceeding forty years from their date or dates, as may be determined by the authority, and may be made redeemable before maturity, at the option of the authority, at such price or prices and under such terms and conditions as may be fixed by the authority prior to the issuance of the <span class=\"dictionary\">bonds<\/span>. The authority shall determine the form and the manner of execution of the <span class=\"dictionary\">bonds<\/span>, including any interest coupons to be attached thereto, and shall fix the denomination or denominations of the <span class=\"dictionary\">bonds<\/span> and the place or places of payment of principal and interest, which may be at any bank or trust company within or without the Commonwealth. In case any officer whose signature or a facsimile of whose signature shall cease to be such officer before the delivery of such <span class=\"dictionary\">bonds<\/span>, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. Notwithstanding any other provision of this article or any recitals in any <span class=\"dictionary\">bonds<\/span> issued under the provisions of this article, all such <span class=\"dictionary\">bonds<\/span> shall be deemed to be negotiable instruments under the <span class=\"dictionary\">laws<\/span> of the Commonwealth. The <span class=\"dictionary\">bonds<\/span> may be issued in coupon or in registered form, or both, as the authority may determine, and provision may be made for the registration of any coupon <span class=\"dictionary\">bonds<\/span> as to principal alone and also as to both principal and interest, for the reconversion into coupon <span class=\"dictionary\">bonds<\/span> of any <span class=\"dictionary\">bonds<\/span> registered as both principal and interest and for the interchange of registered and coupon <span class=\"dictionary\">bonds<\/span>. The authority may sell such <span class=\"dictionary\">bonds<\/span> in such manner, either at public or negotiated sale, or for such price, as it may determine will best effectuate the purposes of this article.\n\t\tThe proceeds of the <span class=\"dictionary\">bonds<\/span> shall be used solely for the payment of the cost of the project and shall be disbursed in such manner and under such restrictions, if any, as the authority may provide in the resolution authorizing the issuance of such <span class=\"dictionary\">bonds<\/span> or in the trust agreement hereinafter mentioned securing the same. If the proceeds of the <span class=\"dictionary\">bonds<\/span> of any issuance, by error of estimates or otherwise, shall be less than such cost, additional <span class=\"dictionary\">bonds<\/span> may in like manner be issued to provide the amount of such deficit, and, unless otherwise provided in the resolution authorizing the issuance of such <span class=\"dictionary\">bonds<\/span> or in the trust agreement securing the same, shall be deemed to be the same <span class=\"dictionary\">issue<\/span> and shall be entitled to payment from the same fund without preference or priority of the <span class=\"dictionary\">bonds<\/span> first issued. If the proceeds of the <span class=\"dictionary\">bonds<\/span> of any <span class=\"dictionary\">issue<\/span> shall exceed such cost, the surplus shall be deposited to the credit of the sinking fund for such <span class=\"dictionary\">bonds<\/span>.\n\t\tPrior to the preparation of definitive <span class=\"dictionary\">bonds<\/span>, the authority may, under like restrictions, <span class=\"dictionary\">issue<\/span> interim receipts or temporary <span class=\"dictionary\">bonds<\/span>, with or without coupons, exchangeable for definitive <span class=\"dictionary\">bonds<\/span> when such <span class=\"dictionary\">bonds<\/span> shall have been executed and are available for delivery. The authority may also provide for the replacement of any <span class=\"dictionary\">bonds<\/span> which shall become mutilated or shall be destroyed or lost. <span class=\"dictionary\">Bonds<\/span> may be issued under the provisions of this article without obtaining the consent of any <span class=\"dictionary\">department<\/span>, division, commission, <span class=\"dictionary\">board<\/span>, bureau, or agency of the Commonwealth, and without any other proceedings or the happening of any conditions other than those proceedings or conditions which are specifically required by this article.\n\t\tRevenue <span class=\"dictionary\">bonds<\/span> issued under the provisions of this article shall not be deemed to constitute a pledge of the faith and credit of the Commonwealth or of any <span class=\"dictionary\">political subdivision<\/span> thereof. All such <span class=\"dictionary\">bonds<\/span> shall contain a statement on their face substantially to the effect that neither the faith and credit of the Commonwealth nor the faith and credit of any <span class=\"dictionary\">county<\/span>, city, town, or other subdivision of the Commonwealth is pledged to the payment of the principal of or the interest on such <span class=\"dictionary\">bonds<\/span>. The issuance of revenue <span class=\"dictionary\">bonds<\/span> under the provisions of this article shall not directly or indirectly or contingently obligate the Commonwealth or any <span class=\"dictionary\">county<\/span>, city, town, or other subdivision of the Commonwealth to <span class=\"dictionary\">levy<\/span> any taxes whatever therefor or to make any appropriation for their payment except from the funds pledged under the provisions of this article.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nISSUANCE OF REVENUE BONDS (\u00a7 53.1-95.10)\n\nAn authority created pursuant to this article is hereby authorized to provide by\nresolution for the issuance, at one time or from time to time, of revenue bonds\nof the authority for the purpose of paying all or any part of the cost of the\nproject. The principal of and the interest on such bonds shall be payable solely\nfrom the funds herein provided for such payment. The bonds of each issue shall\nbe dated, shall bear interest at such rate or rates as shall be fixed by the\nauthority, shall mature at such time or times not exceeding forty years from\ntheir date or dates, as may be determined by the authority, and may be made\nredeemable before maturity, at the option of the authority, at such price or\nprices and under such terms and conditions as may be fixed by the authority\nprior to the issuance of the bonds. The authority shall determine the form and\nthe manner of execution of the bonds, including any interest coupons to be\nattached thereto, and shall fix the denomination or denominations of the bonds\nand the place or places of payment of principal and interest, which may be at\nany bank or trust company within or without the Commonwealth. In case any\nofficer whose signature or a facsimile of whose signature shall cease to be such\nofficer before the delivery of such bonds, such signature or such facsimile\nshall nevertheless be valid and sufficient for all purposes the same as if he\nhad remained in office until such delivery. Notwithstanding any other provision\nof this article or any recitals in any bonds issued under the provisions of this\narticle, all such bonds shall be deemed to be negotiable instruments under the\nlaws of the Commonwealth. The bonds may be issued in coupon or in registered\nform, or both, as the authority may determine, and provision may be made for the\nregistration of any coupon bonds as to principal alone and also as to both\nprincipal and interest, for the reconversion into coupon bonds of any bonds\nregistered as both principal and interest and for the interchange of registered\nand coupon bonds. The authority may sell such bonds in such manner, either at\npublic or negotiated sale, or for such price, as it may determine will best\neffectuate the purposes of this article.\n\t\tThe proceeds of the bonds shall be used solely for the payment of the cost of\nthe project and shall be disbursed in such manner and under such restrictions,\nif any, as the authority may provide in the resolution authorizing the issuance\nof such bonds or in the trust agreement hereinafter mentioned securing the same.\nIf the proceeds of the bonds of any issuance, by error of estimates or\notherwise, shall be less than such cost, additional bonds may in like manner be\nissued to provide the amount of such deficit, and, unless otherwise provided in\nthe resolution authorizing the issuance of such bonds or in the trust agreement\nsecuring the same, shall be deemed to be the same issue and shall be entitled to\npayment from the same fund without preference or priority of the bonds first\nissued. If the proceeds of the bonds of any issue shall exceed such cost, the\nsurplus shall be deposited to the credit of the sinking fund for such bonds.\n\t\tPrior to the preparation of definitive bonds, the authority may, under like\nrestrictions, issue interim receipts or temporary bonds, with or without\ncoupons, exchangeable for definitive bonds when such bonds shall have been\nexecuted and are available for delivery. The authority may also provide for the\nreplacement of any bonds which shall become mutilated or shall be destroyed or\nlost. Bonds may be issued under the provisions of this article without obtaining\nthe consent of any department, division, commission, board, bureau, or agency of\nthe Commonwealth, and without any other proceedings or the happening of any\nconditions other than those proceedings or conditions which are specifically\nrequired by this article.\n\t\tRevenue bonds issued under the provisions of this article shall not be deemed\nto constitute a pledge of the faith and credit of the Commonwealth or of any\npolitical subdivision thereof. All such bonds shall contain a statement on their\nface substantially to the effect that neither the faith and credit of the\nCommonwealth nor the faith and credit of any county, city, town, or other\nsubdivision of the Commonwealth is pledged to the payment of the principal of or\nthe interest on such bonds. The issuance of revenue bonds under the provisions\nof this article shall not directly or indirectly or contingently obligate the\nCommonwealth or any county, city, town, or other subdivision of the Commonwealth\nto levy any taxes whatever therefor or to make any appropriation for their\npayment except from the funds pledged under the provisions of this article.\n\nHISTORY: 1990, c. 837.","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}}