                                 CODE OF VIRGINIA

ANNUAL TAX FOR PAYMENT OF INTEREST OR TO AMORTIZE INDEBTEDNESS OR BONDS (§
10.1-631)

The governing body of the watershed improvement district shall, if necessary to
pay the interest on the indebtedness or bonds or to amortize such indebtedness
or bonds, levy an annual tax or service charge in the manner prescribed by §
10.1-626 on all the real estate in the watershed improvement district subject to
local taxation, to satisfy such obligations. This tax, irrespective of any
approvals required pursuant to § 10.1-614, shall be sufficient to pay interest
and to amortize such indebtedness or bonds at the times required.

HISTORY: 1956, c. 668, § 21-112.18; 1973, c. 35; 1981, c. 156; 1988, c. 891;
1996, cc. 105, 819.