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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62190</law_id><section_number>10.1-1614</section_number><catch_line>Revenue refunding bonds; bonds for refunding and for cost of additional projects</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="10.1">Conservation</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Activities Administered by Other Entities</unit><unit label="chapter" level="3" order_by="1" identifier="16">Virginia Recreational Facilities Authority Act</unit></structure><text>
						<section><p>The <span class="dictionary">Authority</span> is authorized to provide for the issuance of revenue refunding <span class="dictionary"><span class="dictionary">bonds</span></span> of the <span class="dictionary">Authority</span> for the purpose of refunding any <span class="dictionary"><span class="dictionary">bonds</span></span> then outstanding which have been issued under the provisions of this chapter, including the payment of any <span class="dictionary">redemption</span> premium and any interest accrued or to accrue to the date of <span class="dictionary">redemption</span> of such <span class="dictionary"><span class="dictionary">bonds</span></span>, and, if deemed advisable by the <span class="dictionary">Authority</span>, for the additional purpose of constructing improvements, extensions, or enlargements of the <span class="dictionary">projects</span> in connection with which the <span class="dictionary"><span class="dictionary">bonds</span></span> to be refunded have been issued. The <span class="dictionary">Authority</span> is further authorized to provide by resolution for the issuance of its revenue <span class="dictionary"><span class="dictionary">bonds</span></span> for the combined purpose of (i) refunding any <span class="dictionary"><span class="dictionary">bonds</span></span> then outstanding which have been issued under the provisions of this chapter, including the payment of any <span class="dictionary">redemption</span> premium and any interest accrued or to accrue to the date of <span class="dictionary">redemption</span> of such <span class="dictionary"><span class="dictionary">bonds</span></span>, and (ii) paying all or any part of the cost of any additional <span class="dictionary">project</span> or any portion thereof. The issuance of such <span class="dictionary"><span class="dictionary">bonds</span></span>, the maturities and other details, the rights of the holders, and the rights, duties and obligations of the <span class="dictionary">Authority</span> shall be governed by the provisions of this chapter.</p></section></text><history>1986, c. 360, &#xA7; 10-158.11; 1988, c. 891.</history><metadata></metadata></law>
