                                 CODE OF VIRGINIA

PARTICIPATION IN FUNDS DONATED BY THE COMMONWEALTH (§ 15.2-2646)

The issuance of refunding bonds for the retirement of bonds which are now or may
hereafter be entitled to participate in funds donated by the Commonwealth, or
funds receivable from any source other than local taxes levied for such
purposes, shall not be construed to deprive the bonds of the right to continue
to participate in the distribution of those funds, and the refunding bonds after
their issuance shall enjoy all rights as would have been enjoyed by the bonds
refunded.

HISTORY: Code 1950, § 15-666.36; 1958, c. 640; 1962, c. 623, § 15.1-195; 1991,
c. 668, § 15.1-227.48; 1997, c. 587.