                                 CODE OF VIRGINIA

CHAPTER NOT TO AFFECT GENERAL, SPECIAL AND LOCAL ACTS AND CHARTERS UNDER WHICH
BONDS ARE ISSUED OR VALIDATED (§ 15.2-2601)

Unless expressly stated to the contrary nothing in this chapter repeals, amends,
impairs or in any way affects (i) any act under the provisions of which bonds
have heretofore been issued and are outstanding as of June 30, 1991, (ii) any
act, general or special, validating bonds or any proceedings in connection with
the issuance of bonds, or (iii) any special rights, privileges, restrictions or
limitations now contained in any locality&#8217;s charter. Nothing in this
chapter repeals, amends, impairs or in any way affects any of the provisions of
any charter or special or local act authorizing or regulating the issuance of
bonds by a locality. The provisions of this chapter are in addition to the
powers conferred by any charter or special or local act, and a locality may
issue bonds, at the election of its governing body, under either (i) the
provisions of this chapter without regard to the requirements, restrictions or
other provisions contained in any charter or local or special act applicable to
the locality or (ii) the provisions of such charter or local or special act;
however, after July 1, 1992, notwithstanding the foregoing, any referendum
requirement for the issuance of bonds or debt limit contained in any charter or
local or special act shall control over the provisions of this chapter.

HISTORY: Code 1950, § 15-666.14; 1958, c. 640; 1962, c. 623, § 15.1-171; 1991,
c. 668, § 15.1-227.2; 1997, c. 587.