                                 CODE OF VIRGINIA

AUTHORITY TO ISSUE BONDS (§ 33.2-3502)

The transportation districts described in subsection B of § 33.2-3500 may issue
bonds and other evidences of debt as may be authorized by this section or other
law. The provisions of Article 5 (§ 33.2-1920 et seq.) of Chapter 19 shall
apply, mutatis mutandis, to the issuance of such bonds or other debt. The
Authority may issue bonds or other debt in such amounts as it deems appropriate.
The bonds may be supported by any funds available in the Fund, provided that the
total amount of debt service for all outstanding bonds may not exceed 66 percent
of the revenues dedicated to the Fund pursuant to § 58.1-2299.20.

HISTORY: 2018, cc. 854, 856.