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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>60643</law_id><section_number>10.1-631</section_number><catch_line>Annual tax for payment of interest or to amortize indebtedness or bonds</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="I">Activities Administered by the Department of Conservation and Recreation</unit><unit label="chapter" level="3" order_by="1" identifier="6">Flood Protection and Dam Safety</unit><unit label="article" level="4" order_by="1" identifier="3">Watershed Improvements Districts</unit></structure><text>
						<section><p>The governing body of the watershed improvement district shall, if necessary to pay the interest on the indebtedness or <span class="dictionary">bonds</span> or to amortize such indebtedness or <span class="dictionary">bonds</span>, <span class="dictionary">levy</span> an annual tax or service charge in the manner prescribed by &#xA7;&#xA0;<a class="law" title="Levy of tax or service charge; when district in two or more counties or cities; landbooks certified to treasurers" href="/10.1-626/">10.1-626</a> on all the real estate in the watershed improvement district subject to local taxation, to satisfy such obligations. This tax, irrespective of any approvals required pursuant to &#xA7;&#xA0;<a class="law" title="Establishment within soil and water conservation district authorized" href="/10.1-614/">10.1-614</a>, shall be sufficient to pay interest and to amortize such indebtedness or <span class="dictionary">bonds</span> at the times required.</p></section></text><history>1956, c. 668, &#xA7; 21-112.18; 1973, c. 35; 1981, c. 156; 1988, c. 891; 1996, cc. 105, 819.</history><metadata></metadata></law>
