                                 CODE OF VIRGINIA

APPROPRIATION OF COUNTY FUNDS (§ 21-426)

The governing body of any county in which is located in whole or in part any
legally established drainage project may, in its discretion, appropriate and pay
out of the funds of such county accruing from the general county levy, to such
drainage project, such sum of money as it may deem proper, for application on
the bonded or other indebtedness or for any other legitimate purpose of such
drainage project. The board of viewers of any such drainage project in such
county may accept and receive any and all moneys so appropriated and use the
same, in their discretion, for any of the purposes hereinabove mentioned.
		In lieu of such appropriation, the governing body of any such county may
appropriate and pay out of the funds of such county accruing from the general
county levy to the holders of any bonds, notes or other obligations of any
legally established drainage project located in whole or in part in such county,
such sum of money as the governing body may deem proper for the acquisition and
purchase for and on behalf of the county, of all or any of such bonds, notes and
other obligations; and the governing body of any such county may also invest
moneys, or any part thereof, credited to any sinking fund of the county or of
any project thereof, in, and with such moneys to purchase for any such sinking
fund, bonds, notes and other obligations of any such legally established
drainage project located in whole or in part in such county, provided no such
moneys shall be invested in any such bonds, notes or other obligations issued
prior to January 1, 1928. The governing body of any such county may, in
consideration of additional levies or assessments heretofore or hereafter made
against the real estate located in such drainage project, release any or all of
such real estate from the lien or liens of any or all drainage taxes heretofore
or hereafter assessed against such real estate, provided that the drainage bonds
of such project or projects are owned and held solely by any such county.

HISTORY: 1938, p. 795; 1940, p. 625; 1942, p. 697; Michie Code 1942, § 2734b;
1954, c. 642.