                                 CODE OF VIRGINIA

RESOLUTION FOR BOND ISSUE; CONTENTS; REQUEST FOR BONDS FOR SCHOOL PURPOSES (§
15.2-2640)

Whenever the governing body of any county determines that it is advisable to
contract a debt and issue general obligation bonds of the county, it shall adopt
an ordinance or resolution setting forth in brief and general terms the purpose
or purposes for which the bonds are to be issued and the maximum amount of the
bonds to be issued.
		Where voter approval is required or permitted by the Constitution of Virginia
or this chapter, the ordinance or resolution shall request the circuit court to
order an election to be held pursuant to §§ 15.2-2610 and 15.2-2611 on the
question of contracting the debt and issuing the proposed bonds.
		Before the adoption of an ordinance or resolution by the governing body of any
county requesting the ordering of an election on the question of contracting a
debt and issuing bonds for school purposes, or, if no referendum is required,
adopting an ordinance or resolution authorizing the issuance of bonds for school
purposes, the school board of the county must first request, by resolution, the
governing body of the county to take such action.
		If voter approval is not required by the Constitution of Virginia or the
provisions of this chapter, the governing body of the county has all the powers
granted by this chapter to the governing bodies of municipalities with respect
to incurring debt and issuing bonds.

HISTORY: Code 1950, § 15-666.29; 1958, c. 640; 1960, c. 563; 1962, c. 623, §
15.1-186; 1971, Ex. Sess., c. 224; 1980, c. 559; 1989, c. 177; 1991, c. 668, §
15.1-227.41; 1997, c. 587.