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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65050</law_id><section_number>15.2-2624</section_number><catch_line>Tax to pay principal and interest</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="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>Notwithstanding any other provision of <span class="dictionary">law</span> or any charter provision, the <span class="dictionary">governing body</span> is authorized and required to <span class="dictionary">levy</span> and collect annually, at the same time and in the same manner as other taxes of the <span class="dictionary">locality</span> are assessed, levied and collected, a tax upon all taxable property within the <span class="dictionary">locality</span>, over and above all other taxes, authorized or limited by <span class="dictionary">law</span> and without limitation as to rate or amount, sufficient to pay when due the principal of and premium, if any, and interest on any <span class="dictionary">general obligation bonds</span> of the <span class="dictionary">locality</span> issued under the provisions of this chapter to the extent other funds of the <span class="dictionary">locality</span> are not lawfully available and appropriated for such purpose.</p></section></text><history>1991, c. 668, &#xA7; 15.1-227.25; 1997, c. 587.</history><metadata></metadata></law>
