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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>77781</law_id><section_number>5.1-42</section_number><catch_line>Payment of purchase price or award for land acquired; issuance of 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="5.1">Aviation</unit><unit label="chapter" level="2" order_by="1" identifier="3">Municipal and County Airports and Other Air Navigation Facilities</unit><unit label="article" level="3" order_by="1" identifier="2">Funds for Acquisition, Operation, Etc</unit></structure><text>
						<section><p>The purchase price or award for real property acquired for an <span class="dictionary">airport</span> or <span class="dictionary">landing field</span> may be paid for by the appropriation of moneys available therefor or wholly or partly paid from the proceeds of the sale of <span class="dictionary">bonds</span> of the city, town or county as the governing body of the city, town or county shall determine. Such city, town or county is hereby authorized to <span class="dictionary">issue</span> <span class="dictionary">bonds</span> for such purpose or purposes, subject, however, to the approval of such <span class="dictionary">bond</span> <span class="dictionary">issue</span> at a <span class="dictionary">referendum</span> thereon, if such approval is a prerequisite to the issuance of <span class="dictionary">bonds</span> by any such political subdivision of the Commonwealth for public purposes generally.</p></section></text><history>Code 1950, &#xA7; 5-33; 1966, c. 576.</history><metadata></metadata></law>
