                                 CODE OF VIRGINIA

SPECIAL TAX FOR CAPITAL EXPENDITURES OR PAYMENT OF INDEBTEDNESS OR RENT (§
22.1-102)

For capital expenditures and for the payment of indebtedness or rent, a
governing body may, in addition to the levy and appropriation required under the
provisions of §§ 22.1-94 and 22.1-95, levy a special county tax, a special
district tax, a special city tax or a special town tax, as the case may be, on
all property subject to local taxation. Such levy or levies shall be at such
rate or rates as the governing body levying the tax may deem necessary for the
purpose or purposes for which levied, except that where the tax is for raising
funds for capital expenditures the rate shall not be more than $2.50 on each
$100 of the assessed value of such property in any one year.

HISTORY: Code 1950, § 22-128; 1959, Ex. Sess., c. 79, § 1; 1971, Ex. Sess., c.
162; 1980, c. 559.