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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>72287</law_id><section_number>15.2-2601</section_number><catch_line>Chapter not to affect general, special and local acts and charters under which bonds are issued or validated</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>15.2-2634</reference><reference>15.2-2636</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="II">Powers of Local Government</unit><unit label="chapter" level="3" order_by="1" identifier="26">Public Finance Act</unit><unit label="article" level="4" order_by="1" identifier="1">General Provisions</unit></structure><text>
						<section><p>Unless expressly stated to the contrary nothing in this chapter repeals, <span class="dictionary">amends</span>, impairs or in any way affects (i) any act under the provisions of which <span class="dictionary"><span class="dictionary">bonds</span></span> have heretofore been issued and are outstanding as of June 30, 1991, (ii) any act, general or special, validating <span class="dictionary"><span class="dictionary">bonds</span></span> or any proceedings in connection with the issuance of <span class="dictionary"><span class="dictionary">bonds</span></span>, or (iii) any special rights, <span class="dictionary">privileges</span>, restrictions or limitations now contained in any <span class="dictionary">locality</span>&#x2019;s charter. Nothing in this chapter repeals, <span class="dictionary">amends</span>, impairs or in any way affects any of the provisions of any charter or special or local act authorizing or regulating the issuance of <span class="dictionary"><span class="dictionary">bonds</span></span> by a <span class="dictionary">locality</span>. The provisions of this chapter are in addition to the powers conferred by any charter or special or local act, and a <span class="dictionary">locality</span> may <span class="dictionary">issue</span> <span class="dictionary"><span class="dictionary">bonds</span></span>, at the election of its <span class="dictionary">governing body</span>, under either (i) the provisions of this chapter without regard to the requirements, restrictions or other provisions contained in any charter or local or special act applicable to the <span class="dictionary">locality</span> or (ii) the provisions of such charter or local or special act; however, after July 1, 1992, notwithstanding the foregoing, any <span class="dictionary">referendum</span> requirement for the issuance of <span class="dictionary"><span class="dictionary">bonds</span></span> or debt limit contained in any charter or local or special act shall control over the provisions of this chapter.</p></section></text><history>Code 1950, &#xA7; 15-666.14; 1958, c. 640; 1962, c. 623, &#xA7; 15.1-171; 1991, c. 668, &#xA7; 15.1-227.2; 1997, c. 587.</history><metadata></metadata></law>
