                                 CODE OF VIRGINIA

MANNER OF EXERCISING AUTHORITY (§ 2.2-5001)

The authority vested in governmental instrumentalities under the provisions of
this chapter may be exercised by the body authorized to issue such bonds without
securing the further approval of any other body, board or agency that may have
approved the issuance of such bonds and, in the case of bonds approved by
election, without a further election, unless a lower maximum rate of interest
was stated in the approval of such other body, board or agency or was stated on
the ballot of such election.

HISTORY: 1970, c. 1, § 2.1-326.2; 1972, c. 735; 1974, cc. 82, 650; 1976, c.
522; 2001, c. 844.