                                 CODE OF VIRGINIA

EXPENSES OF AUTHORIZATION AND ISSUANCE; AGENT TO ASSIST IN REFUNDING TRANSACTION
(§ 15.2-2647)

The governing body may authorize the payment by any locality of all expenses
reasonably incurred by it in connection with the authorization and issuance of
refunding bonds. The governing body may appoint or retain an agent for the
purpose of assisting it in the refunding transaction and in obtaining the
surrender of its outstanding bonds and may pay a fee to the agent as it may
consider proper.

HISTORY: Code 1950, § 15-666.37; 1958, c. 640; 1962, c. 623, § 15.1-196; 1991,
c. 668, § 15.1-227.49; 1997, c. 587.