                                 CODE OF VIRGINIA

AUTHORITY OF GOVERNOR TO CONTRACT DEBTS (§ 2.2-4900)

The Governor may contract debts and issue obligations in evidence thereof upon
the terms and conditions determined by the Governor to meet casual deficits in
the revenue or in anticipation of the collection of revenues of the Commonwealth
for the then current fiscal year within the amount of authorized appropriations,
subject to the limitations and conditions of Article X, Section 9 (a) (2) of the
Constitution of Virginia. The Governor may sell such obligations in a manner,
either at public or private sale, and for a price as he determines to be in the
best interests of the Commonwealth.

HISTORY: Code 1950, § 2-269; 1966, c. 677, § 2.1-303; 1971, Ex. Sess., c. 121;
2001, c. 844.