                                 CODE OF VIRGINIA

ISSUANCE OF REFUNDING BONDS BY THE TREASURY BOARD (§ 2.2-2419)

The Board may, with the consent of the Governor, sell and issue refunding bonds
of the Commonwealth to refund any or all of the Commonwealth&#8217;s bonds or
other debt. The aggregate principal amount of such refunding bonds shall not
exceed the amount required to redeem or otherwise provide for the payment of the
unpaid principal of and interest on and any redemption premium payable on the
bonds to be refunded to their date of redemption or payment, plus all expenses
incurred in such refunding transaction.

HISTORY: 1996, cc. 636, 656, § 2.1-179.4; 2001, c. 844.