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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>68383</law_id><section_number>15.2-2640</section_number><catch_line>Resolution for bond issue; contents; request for bonds for school purposes</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="4">Bond Issues by Counties</unit></structure><text>
						<section><p>Whenever the <span class="dictionary">governing body</span> of any <span class="dictionary">county</span> determines that it is advisable to <span class="dictionary">contract</span> a debt and <span class="dictionary">issue</span> <span class="dictionary">general obligation bonds</span> of the <span class="dictionary">county</span>, it shall adopt an <span class="dictionary">ordinance</span> or resolution setting forth in <span class="dictionary">brief</span> and general terms the purpose or purposes for which the bonds are to be issued and the maximum amount of the bonds to be issued.
		Where <span class="dictionary">voter</span> approval is required or permitted by the Constitution of Virginia or this chapter, the <span class="dictionary">ordinance</span> or resolution shall request the <span class="dictionary">circuit</span> <span class="dictionary">court</span> to <span class="dictionary">order</span> an election to be held pursuant to &#xA7;&#xA7;&#xA0;<a class="law" title="Request for referendum filed with court; order for election; notice" href="/15.2-2610/">15.2-2610</a> and <a class="law" title="Holding of election; order authorizing bonds; authority of governing body" href="/15.2-2611/">15.2-2611</a> on the question of contracting the debt and issuing the proposed bonds.
		Before the adoption of an <span class="dictionary">ordinance</span> or resolution by the <span class="dictionary">governing body</span> of any <span class="dictionary">county</span> requesting the ordering of an election on the question of contracting a debt and issuing bonds for school purposes, or, if no <span class="dictionary">referendum</span> is required, adopting an <span class="dictionary">ordinance</span> or resolution authorizing the issuance of bonds for school purposes, the school board of the <span class="dictionary">county</span> must first request, by resolution, the <span class="dictionary">governing body</span> of the <span class="dictionary">county</span> to take such action.
		If <span class="dictionary">voter</span> approval is not required by the Constitution of Virginia or the provisions of this chapter, the <span class="dictionary">governing body</span> of the <span class="dictionary">county</span> has all the powers granted by this chapter to the governing bodies of municipalities with respect to incurring debt and issuing bonds.</p></section></text><history>Code 1950, &#xA7; 15-666.29; 1958, c. 640; 1960, c. 563; 1962, c. 623, &#xA7; 15.1-186; 1971, Ex. Sess., c. 224; 1980, c. 559; 1989, c. 177; 1991, c. 668, &#xA7; 15.1-227.41; 1997, c. 587.</history><metadata></metadata></law>
