                                 CODE OF VIRGINIA

POWER TO ISSUE OBLIGATIONS NOT TO BE DENIED BECAUSE INTEREST IS SUBJECT TO
FEDERAL INCOME TAXATION (§ 2.2-5002)

The power of any governmental instrumentality, to issue or have issued on its
behalf for authorized purposes, bonds, shall not be construed to be restricted
or limited solely because the interest thereon is subject, in whole or in part,
directly or indirectly, to federal income taxes.

HISTORY: 1986, c. 137, § 2.1-326.2:1; 2001, c. 844.