{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/53.1-95.13.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/53.1-95.13.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/53.1-95.13.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/53.1-95.13.html"}],"law_id":59905,"edition_id":1,"section_id":59905,"structure_id":13694,"section_number":"53.1-95.13","catch_line":"Revenues and proceeds from sale of bonds","history":"1990, c. 837.","full_text":"All moneys received pursuant to the provisions of this article, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this article. An authority created pursuant to this article may provide for the payment of its revenues to such officer, board, or depository as it may designate for the custody thereof, and for the method of disbursement thereof, with such safeguards and restrictions as it may determine. The authority shall, in the resolution authorizing the bonds or in the trust agreement securing such bonds, provide for the payment of the proceeds of the sale of the bonds to a trustee, which shall be any trust company or bank having the powers of a trust company within or without the Commonwealth, which shall act as trustee of the funds, and hold and apply the same to the purposes of this article, subject to such regulations as this article and such resolution or trust agreement may provide. The trustee may invest and reinvest such funds in such securities as may be provided in the resolution authorizing the bonds or in the trust agreement securing such bonds.","order_by":null,"text":{"0":{"id":219420,"text":"All moneys received pursuant to the provisions of this article, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this article. An authority created pursuant to this article may provide for the payment of its revenues to such officer, board, or depository as it may designate for the custody thereof, and for the method of disbursement thereof, with such safeguards and restrictions as it may determine. The authority shall, in the resolution authorizing the bonds or in the trust agreement securing such bonds, provide for the payment of the proceeds of the sale of the bonds to a trustee, which shall be any trust company or bank having the powers of a trust company within or without the Commonwealth, which shall act as trustee of the funds, and hold and apply the same to the purposes of this article, subject to such regulations as this article and such resolution or trust agreement may provide. The trustee may invest and reinvest such funds in such securities as may be provided in the resolution authorizing the bonds or in the trust agreement securing such bonds.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/53.1-95.13\/","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":false,"refers_to":false,"permalink":{"id":238477,"object_type":"law","relational_id":59905,"identifier":"53.1-95.13","token":"53.1\/3\/3.1\/53.1-95.13","url":"\/53.1-95.13\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/53.1-95.13\/","token":"53.1\/3\/3.1\/53.1-95.13","dublin_core":{"Title":"Revenues and proceeds from sale of bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 53.1-95.13","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>All moneys received pursuant to the provisions of this article, whether as proceeds from the sale of <span class=\"dictionary\">bonds<\/span> or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this article. An authority created pursuant to this article may provide for the payment of its revenues to such officer, <span class=\"dictionary\">board<\/span>, or depository as it may designate for the <span class=\"dictionary\">custody<\/span> thereof, and for the method of disbursement thereof, with such safeguards and restrictions as it may determine. The authority shall, in the resolution authorizing the <span class=\"dictionary\">bonds<\/span> or in the trust agreement securing such <span class=\"dictionary\">bonds<\/span>, provide for the payment of the proceeds of the sale of the <span class=\"dictionary\">bonds<\/span> to a trustee, which shall be any trust company or bank having the powers of a trust company within or without the Commonwealth, which shall act as trustee of the funds, and hold and apply the same to the purposes of this article, subject to such regulations as this article and such resolution or trust agreement may provide. The trustee may invest and reinvest such funds in such securities as may be provided in the resolution authorizing the <span class=\"dictionary\">bonds<\/span> or in the trust agreement securing such <span class=\"dictionary\">bonds<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nREVENUES AND PROCEEDS FROM SALE OF BONDS (\u00a7 53.1-95.13)\n\nAll moneys received pursuant to the provisions of this article, whether as\nproceeds from the sale of bonds or as revenues, shall be deemed to be trust\nfunds to be held and applied solely as provided in this article. An authority\ncreated pursuant to this article may provide for the payment of its revenues to\nsuch officer, board, or depository as it may designate for the custody thereof,\nand for the method of disbursement thereof, with such safeguards and\nrestrictions as it may determine. The authority shall, in the resolution\nauthorizing the bonds or in the trust agreement securing such bonds, provide for\nthe payment of the proceeds of the sale of the bonds to a trustee, which shall\nbe any trust company or bank having the powers of a trust company within or\nwithout the Commonwealth, which shall act as trustee of the funds, and hold and\napply the same to the purposes of this article, subject to such regulations as\nthis article and such resolution or trust agreement may provide. The trustee may\ninvest and reinvest such funds in such securities as may be provided in the\nresolution authorizing the bonds or in the trust agreement securing such bonds.\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}}