                                 CODE OF VIRGINIA

WHEN SUPERVISORS MAY ISSUE BONDS OF COUNTY (§ 15.2-1651)

If the land is not donated, and the fund offered is not sufficient to acquire
the land and erect the necessary buildings, or if the land is donated and the
fund offered is not sufficient for the purposes aforesaid, the board of
supervisors may issue the bonds of the county to an amount which with the fund
offered shall be equal to the amount set out in the petition, and the proceeds
of the bonds with the amount donated shall constitute the fund out of which the
land shall be acquired, if not donated, and the buildings erected and
improvements made. If the financial condition of the county is such as to render
the issue of bonds unnecessary, the supervisors may decline to issue them.
However, the amount expended shall not exceed the amount named in the petition
and authorized by the voters.

HISTORY: Code 1950, § 15-50; 1962, c. 623, § 15.1-566; 1997, c. 587.