                                 CODE OF VIRGINIA

VALIDATION OF CREATION OF AUTHORITIES; BONDS ISSUED (§ 15.2-5159)

All proceedings heretofore taken with respect to the creation of a community
development authority by any locality pursuant to this chapter are hereby
presumed to be valid and all such authorities are presumed to be legally
created. All proceedings heretofore taken by any community development authority
with respect to the authorization, issuance, sale, execution, delivery, and
repayment of bonds by any community development authority are presumed to be
valid, and any such bonds so issued are presumed valid and legal obligations of
such community development authority, enforceable in accordance with law.

HISTORY: 2009, c. 473.