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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>67880</law_id><section_number>15.2-2616</section_number><catch_line>Interim receipts or temporary bonds exchangeable for definitive bonds</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>10.1-1607</reference><reference>2.2-2205</reference><reference>33.2-294</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="2">Provisions Applicable to All Bonds</unit></structure><text>
						<section><p>Before the preparation of definitive <span class="dictionary"><span class="dictionary">bonds</span></span>, the <span class="dictionary">governing body</span> of a <span class="dictionary">locality</span> may, subject to the same provisions of this chapter as are applicable to the issuance of definitive <span class="dictionary"><span class="dictionary">bonds</span></span>, <span class="dictionary">issue</span> interim receipts or temporary <span class="dictionary"><span class="dictionary">bonds</span></span>, exchangeable for definitive <span class="dictionary"><span class="dictionary">bonds</span></span> when such <span class="dictionary"><span class="dictionary">bonds</span></span> have been executed and are available for delivery.</p></section></text><history>Code 1950, &#xA7; 15-666.45; 1958, c. 640; 1962, c. 623, &#xA7; 15.1-204; 1991, c. 668, &#xA7; 15.1-227.18; 1997, c. 587.</history><metadata></metadata></law>
