                                 CODE OF VIRGINIA

HOLDING OF ELECTION; ORDER AUTHORIZING BONDS; AUTHORITY OF GOVERNING BODY (§
15.2-2611)

The regular election officers of the locality at the time designated in the
order authorizing the vote shall open the polls at the various voting places in
the locality and conduct the election in the manner provided by law for other
elections. At the election, each voter may cast his or her vote for or against
the bond issue. The votes shall be counted, the returns made and canvassed and
the results certified as provided in § 24.2-681 et seq. If it appears from the
returns that a majority of the voters of the locality voting on the question at
the election are against the proposed bond issue, an order shall be entered by
the court to such effect. If a majority of the voters of the locality voting on
the question approve the bond issue, the court shall enter an order to such
effect, a copy of which shall be promptly certified by the clerk of the court to
the governing body of the locality. The locality may then proceed to prepare,
issue and sell its bonds up to the amount so authorized and in doing so shall
have all of the powers granted to the locality by this chapter with respect to
incurring debt and issuing bonds. Bonds authorized by a referendum may not be
issued by a locality more than eight years after the date of the referendum;
however, this eight-year period may, at the request of the governing body of the
locality, be extended to up to ten years after the date of the referendum by
order of the circuit court for the locality, or in the case of a town the
circuit court for the county in which the town is located, entered before the
expiration of the eight-year period. The court shall grant such extension unless
the court is shown by clear and convincing evidence that the extension is not in
the best interests of the locality.

HISTORY: Code 1950, § 15-666.31; 1958, c. 640; 1962, c. 623, § 15.1-188; 1982,
c. 181; 1991, c. 668, § 15.1-227.13; 1997, c. 587.